Company Research Report: Queen of Raw, Inc.
Company Overview
Name
Queen of Raw, Inc.
Mission of the Company
"Solving excess inventory through science-based technology."
Founded
No information is available.
Founder(s)
No information is available.
Key People
- Christian Klein, Chief Executive Officer, SAP
- Casey van Der Stricht, Principal, Solve Innovation Future, MIT Solve
Headquarters
No information is available.
Number of Employees
No information is available.
Revenue
$3M in revenue unearthed through supply chain efficiency for a client.
Known For
Queen of Raw is known for its award-winning software, Materia MX, which manages global excess inventory by providing solutions for sustainability and circular economy practices.
Products
Materia MX
- Description: Materia MX is referred to as the "ERP of Excess™ Inventory". It helps businesses manage and monetize excess inventory, minimizing environmental and financial harm.
- Key Features:
- Centralized data syncing for better inventory utilization
- Integrated reuse, resale, and recycling operations
- Automated international logistics and payment processing
- ESG reporting to measure water, chemicals, carbon emissions, waste, and dollars saved
- Real-time transparency and control over supply chains
- Partnership network support for waste reduction
- Increased customer conversion rate by 3x
- Operational cost reduction by over 15%
Recent Developments
Recent Developments and Achievements
- Named a “frontrunner in the circular economy” by Christian Klein, CEO of SAP.
- Supported by notable organizations such as the United Nations, World Economic Forum, Barclays, and more.
- Saved over 1 billion gallons of water through its operations.
New Products Launched
No information is available.
New Features Added
No information is available.
Recent Partnerships
- United Nations
- World Economic Forum
- Barclays
- UPS
- Amazon
- Microsoft
- Accenture
- U.S. Department of State
- NYCEDC
- European Union
Case Studies
Ralph Lauren
- Achievements: Celebrated for achievements in driving circularity, brand recognition, and revenue growth through the use of Materia MX.
- Impact:
- 92% of waste diverted from landfill and incineration
- 11.8 metric tons of unused materials rescued globally
- Expansion into more countries planned for FY24
Shein
- Achievements: Using Materia MX to enhance global reach and sustainability efforts.
- Impact:
- Commitments to repurpose 1 million yards of excess fabric
- Measuring progress using science-based standards with MIT Solve's support
Fortune 50 Corporation
- Unearthed $3M in revenue via improved supply chain efficiency.
Fortune 500 Enterprise (Case 1)
- Achievements:
- Reduced material costs by 60%
- Decreased time to market
- Lowered carbon footprint
Fortune 500 Enterprise (Case 2)
- Achievements:
- Created $14M in new profit centers
- Achieved a 95% landfill diversion
- Rescued $10M in unsellable inventory
- Saved $4M in holding costs through resale and recycling initiatives
This report provides a comprehensive overview of Queen of Raw, Inc. based on the currently available data, highlighting its mission to integrate sustainability within supply chain practices through its software solution, Materia MX.
