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Five large players from apparel and manufacturing are coming together to create a new way of collaborating openly.
The underlying platform and collaboration concept allows the partners to go from design to delivery of new products to customers in under 48 hours. This fast process from request to delivered products has only been possible through collaboration. DXM now seeks to provide an open platform for all apparel and footwear companies to use and change how products are produced(consumer centric and small batches) and how they are produced(distributed, by a local ecosystem), enabled by advanced manufacturing and digital tools.
The business model involves a subscription model for all partners.
The World Economic Forum is bringing start-ups like DXM into the ESG conversation.
DXM CEO Matthew Wallace has been selected to be on the advisory board of a group of textile collaborators led by Walmart, whose goal is to bring manufacturing back to the US.