Sale of luxury jewelry, ethical fashion, offering high quality, contemporary design paired with handmade techniques and sustainable materials.
Artisans retain 25-35% of revenue while industry standards is 2-3%. Virtual factory using mobile phones to coordinate over 1,300 independant artisans into a demand responsive manufacturing model. They receive purchase orders, manage inventory and delivery, and get paid directly on their mobile phone. A cloud system is matching demand with available capacity. This business model reduces waste, time and costs, offering a lower price to the consumer and higher wage to the producer. Soko sells to over 400 international resellers, and directly to 10.000 online consumers.
Scale: 1,300 independant artisans
Depth: earning income multiplied by 5 for each artisan