A massive industry
At LossLess Group , we consider it one of our primary responsibilities to help flatten the curve of environmental mismanagement. We operate in interconnected industries that have a common denominator: Textiles, a nearly two trillion dollar annual market. Fides contributes to ‘Green’ initiatives by providing circularity of products by re-use of assets, and lowering textile investment through predictive and timely order processes, and decreasing PAR usage numbers.
Cotton production
According to the WWF, the production of inorganic cotton is a relevant factor for the destruction of freshwater ecosystems. Each year, cotton producers use as much as 25% of the world’s insecticides and more than 10% of the world’s pesticides. By using our system, customers can better predict future textile requirements. This establishes a more efficient just-in-time pickup and delivery process with their laundries, and prevents overstocking because customers often lack reliable information on stock levels and delivery times.
Know your stock
Making textiles traceable improves visibility on stock flow and location. This is especially important in large properties with multiple storage facilities on which housekeeping has difficulty establishing at any given time the availability of inventory. The ability to use the full complement of articles on site means that staff does not have to call upon the laundry for extra textiles. As a result, fewer washes are needed, meaning lower usage of detergents, water, gas and electricity, and lower carbon emissions.
Circularity
Failure to manage textiles when taken out of circulation has serious environmental consequences. Most textiles end up as waste, and are an increasing component of landfills, estimated to exceed 100 billion pounds globally, one third in the United States alone. These materials can take up to 50 years to decompose. It is estimated some 95% of all textiles have the potential to be recycled, but only 15% are. Fides provides data to attribute a residual value to textiles, making them fit for trading in a secondary market and re-use.
Social responsibility
We believe companies will implement our system not only to manage the lifecycle of their textiles, but also to contribute to social responsibility initiatives. Lower consumption of textiles, and more efficient wash and distribution models improve carbon footprint and reduce the use of natural resources.