LossLess Group
Every revolution in history has been preceded by a great crisis, lighted by a spark and spread by a team of believers. At LossLess Group we believe that we are at the inception of the connected textiles revolution, and everything around us at the moment confirms this belief.
The great crisis that precedes this revolution is, of course, Covid-19. As of today, we still don’t know how long it will stay with us, we are all learning as we go, but it is affecting every aspect of our lives in unprecedented ways.
We believe that a consequence of this crisis will be a much higher acceptance of change, especially of those aspects of the previous normal that were not so good to begin with.
All stakeholders in the textile management industry have been equally affected. The lock down meant travellers stayed at home, hotels experienced a dramatic drop in occupancy, and laundries and textile manufacturers lost their source of business.
The industry came to a halt, and many in it have been left fighting for survival. Latest estimates indicate that up to 25% of all jobs in hospitality may be lost by the end of the year.
The spark that will help ignite the fire is our RFID technology, and the alternative management strategies it enables. Through its implementation hotels improve their GOP by over 5%, whilst finally gaining control of their textiles and laundry operations, and saving cash while doing so.
It’s so much more than just technology, and so revolutionary, that we had to give it a new name: TaaS, Textiles as a Service.
We are looking for a few select people who dare to think differently, to join us and contribute to transforming the way textiles are managed everywhere. We believe this is the opportunity of a lifetime, in a time of global change.
If you think you have what it takes and are ready to join the revolution, click below to see our career opportunities and apply to be part of the action.
https://losslessgroup.com/en/careers/
RFID tracking has been long coming as the inevitable future of textiles management. However, it never did, and it’s now at least 10 years overdue. Reasons given to explain this failure are cost, lack of accuracy and the absence of tangible benefits.
At LossLess Group, we have systematically worked on fixing each of these concerns. As regards cost, our system basically pays for itself from the savings it generates. Accuracy we achieve through a patented aggregation algorithm built into the system.
Our value propositions generate multiple benefits, not only measured in operational and financial terms.
Our services also address health and safety concerns, and contribute to environmental sustainability.
Connecting textiles turns them into assets with a residual value. This attribute opens up lease, a transaction option not available to date. Lease marries the economics of owning assets with the cash flow benefits of renting.
Traceability provides information about the price of textiles, items in circulation, number of washes, and losses. This functionality sheds light on the composition of the all-inclusive pay-per-wash tariff, generally used in the industry.
Often, hotels and hospitals choose a rental service because they find it difficult to control the lifecycle of their textiles. This choice is made despite a lack of understanding the real economics of that service.
From a financial perspective, visibility gained from traceability begs the question if rental of assets that are used on a daily basis should still be the preferred option.
This extension of transaction models is a natural consequence of the inevitable evolution of technology. As such, it should not be perceived as offensive, but as call for change. Connected textiles is a new industry that opens up a plethora of opportunities.
Everybody has a role to play, and an opportunity to benefit from these opportunities. Contact us if you want to know more.
https://losslessgroup.com/en/uhf-rfid/
Homer Simpson famously said, there are only three kinds of people in the world: Those who can count and those who can’t. Whilst I tend to agree with Homer, in this occasion I do not, as I think there are only two types of people in this world: those who see the glass half full, and those who see it half empty. The fascinating matter of the fact is that there is no glass, so when you see half full, you always do, regardless.
Covid-19 has changed our world in unprecedented ways, but not all bad. Its fast forwarded adoption of new habits that we’ve discovered makes a lot of sense.
We have relied on technology to do more with less, we have learnt to meet without travelling and to work without an office. We have rediscovered that gratis is great, that it’s ok if the backdrop is your bedroom, or to hear kids in the background, and that it’s fine to wander around the house to find a working spot. And if the dog barks, it barks. Because dogs bark.
The post-COVID-19 world has embraced change and that is great news for entrepreneurs, because they invent the future, and that will be easier now.
Glass half full
Many people have accused The Internet of Things of being a solution looking for a problem. However, at its inception, it was a solution for a very real problem. The US retail industry was running out of barcode combinations, and approached MIT to develop a different method to represent data.
The solution MIT came up with was EPCglobal, the global standard for UHF-RFID identification. Not surprisingly, its potential went far beyond and above its original scope of replacing the primitive barcode. It created options nobody had contemplated yet, like connecting things.
When a technology is ahead of its time, the world takes a while to catch up. Nearly 20 years have passed since EPCglobal was founded, and many people still have doubts about the Internet of Things. It has proved to be difficulty to marry usefulness with an effective monetization model. As a result, we have incorporated only a surprisingly small number of connected things in our lives. Instead of the Internet of Everything, it looks more like the Internet of Nothing.
At LossLess Group, we believe we have found a problem that has been desperately looking for a solution. We have adapted the EPCglobal technology to manage industrial textiles, as used in hospitality and healthcare. TaaS, Textiles as a Service, delivers unprecedented control throughout the lifecycle of textiles. It offers operational and financial savings, and contributes to health & safety, and environmental sustainability.
TaaS benefits all parties involved in the textile trade, from hospitals to hotels, laundries and textile manufactures. Long live the Internet of Textiles.
Hotels, or if we want to use a more confusing term: the lodging industry, use 3 key performance indicators to measure their performance: ADR, RevPAR and Occupancy rate. However, unlike other holy trinities in business, this is really a duality as RevPAR is a product of the other two: RevPAR = ADR x Occupancy rate.
Let’s explain each of these metrics. ADR stands for Average Daily Rate, the price for an occupied room on a given day. Occupancy indicates the percentage of available rooms that are occupied on that day. RevPAR, which stand for Revenue Per Available Room, is calculated by multiplying ADR and Occupancy in the period measured.
Occupancy rate can be influenced, but not controlled by the hotel operator, i.e. they cannot force customers to come to their hotel. They can try to persuade them by implementing dynamic pricing strategies that adapt room rates to current or expected demand.
As a point of reference, during the economic depression between 2008 and 2012, occupancy rates barely moved, but ADR decreased by nearly 25%. There were travelers, but there was no money. A world impacted by COVID, and uncertainty of the state of economy that lies ahead, present an entirely different scenario. Perhaps for the first time ever, there are neither travelers nor money, leaving the hospitality industry gasping for a brand-new way of managing their revenue.
Since this is a health crisis, at LossLess Group we believe that health measures will bring back customers, and we have a solution to assist you realize that goal. Contact us to find out.
Following the Covid-19 outbreak and the deep impact it has on our lives and our communities, every business will have to contribute to a new ecosystem focused on health. At LossLess Group, we provide a range of tracking services, focused on managing the lifecycle of connected textiles. Covid-19 has been a global eye-opener, putting us all in front of a mirror, and making us realize that our primal need is the preservation of health.
It may be too early to say how indelible a mark this event has left, but it has reminded us all of our own fragility and submissiveness. We may like to think otherwise, but in the grand scheme of things we are pretty small. However, life will go on as it always does, and the question is how each one of us can contribute to alleviating the unavoidable transition to whatever new normal lays ahead.
We have adopted new behavior to avoid contamination by social distancing and avoidance of direct contact with any potentially contagious surface. To stay safe, stay home! Our comfort zone has become our control zone, and getting out of it means exposing ourselves to risks. Only technology applied to the things around us can meet our demands for safety of our environment.
We have just witnessed the first wave of COVID-19, and until a vaccine is developed, we will need to find ways to coexist with the virus. Science has come out with a mitigating strategy based on 2 predictive actions: Testing and Track and Trace.
At LossLess Group, we are adapting our existing track and trace platform to allow customers in hospitals, hotels, restaurants and care homes to check if any linen item they come in contact with has been processed with a washing program that guarantees full disinfection. This is our modest contribution to the collective objective of preserving health.