Arkive digitizes the beauty industry's supply chain by providing a platform for the resale, donation, and repurposing of unsold inventory, thereby enhancing production-to-sale ratios. This approach addresses the issue of waste and compliance with upcoming regulations by transforming stagnant stock into actionable consignments, ultimately driving profitability and sustainability for beauty brands.
Funding
$9.7M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
The beauty industry faces challenges with unsold inventory, leading to economic losses, environmental concerns, and potential reputational damage. Traditional methods of dealing with excess stock, such as scrapping or trading, can be costly, unsustainable, and may not align with evolving consumer values and upcoming regulations.
Solution
Arkive provides a platform for beauty brands to manage unsold inventory through resale, donation, and repurposing channels, improving production-to-sale ratios. The platform digitizes the supply chain, allowing brands to upload unused products, materials, or ingredients and intelligently assigns opportunities for resale, donation, or repurposing based on business needs. Arkive categorizes items into actionable consignments within its distribution center, preparing them for resale, donation, or repurposing at specialized facilities. Brands can track progress through a sales and sustainability dashboard, gaining insights into end-of-life management and ensuring ESG alignment.
Target Audience
Arkive primarily targets beauty brands seeking to improve their production-to-sale ratios, reduce waste, and enhance their sustainability efforts.
Features
- Seller portal for uploading unused products, materials, and ingredients.
- Intelligent opportunity allocation for resale, donation, or repurposing.
- Categorization of items into actionable consignments.
- Distribution center for preparing items for resale, donation, or repurposing.
- Sales and sustainability dashboard for tracking progress and insights.
- Data-driven approach to digitizing the beauty industry supply chain.