Case Study
Check out how Velocity was able to source 75% quicker, during the global pandemic and access deep supplier insights. .
“Factory Hunt allowed us to source new suppliers during Covid-19, faster”
“It’s cut down the time and noise in finding suppliers from months to days, making sure you’re going to source, not through middlemen & agents. I wish we had found it sooner.”
Overview
Sourcing and supplier discovery is an incredibly manual and fragmented process, one that often relies on personal connections built up over years of experience, coupled with heavy reliance on travel, whether that’s overseas trade shows and exhibitions, or initial factory visits. Covid-19 has brought this all to a standstill.
Velocity Ltd, a dynamic, fast growing UK based company – making the list of FT 1000: third annual list of Europe’s fastest-growing companies. Velocity, who has developed several direct to consumer (D2C) brands within the consumer electronics sector, came to Sourcing Playground during the initial outbreak to help with their current sourcing requirements.
Problem
“As a company we are forever looking for recommendations for factories to deal with. We travel a lot for sourcing trips to the Far East (HK / China). During Coronavirus, travelling has come to a standstill, so we wanted to find a solution that made recommendations based on data that we could tap into remotely.”
Solution
Sourcing Playground’s system identified several new factories for new product development based on Velocity’s specific company requirements. Deep supplier insights gave Velocity data they wouldn’t have been able to obtain without the system. Thus greatly increasing their transparency and in turn speeding up the qualification process from months to days.
Testimonial & Results
“The supplier insights we got using Sourcing Playground’s system was amazing. It’s so black and white and fully transparent, knowing which factories brands are using with detailed insights.
It’s cut down the time and noise in finding suppliers from months to days, making sure you’re going to source, not through middlemen & agents. I wish we had found it sooner.
I would even go as far to say that once the countrywide lockdowns are over, I would consider using this over Far East visits.
As a company it’s improved our efficiency tremendously, we can get a quick detailed overview of any suppliers. In today’s fast paced world, quick data based decisions are a must.
If you’re seriously looking at an area of products that are new to you, or you want to know the truth behind a supplier then it’s well worth using.”
Eddie Latham / CEO
10 weeks of sourcing time saved
Access to the leading manufacturers for consumer electronics
100% improved supplier transparency