Product sourcing can be a tedious process for brands and retailers: identifying trends across multiple analytics platforms, locating and vetting suppliers via fragmented channels, managing the complexities of sourcing and stocking the right products at the right time... The list goes on and on.
The founders at Sourcy are all veterans of supply chain and e-commerce, and they have set out to leverage AI to tackle these challenges which they know all too well. Their vision is to become a “consolidated super supplier” for businesses of all sizes. To this end, they have developed an AI-powered platform that streamlines the entire sourcing process, enabling customers to conduct cross-border product discovery, development, and sourcing with cost-effectiveness and efficiency.
Sourcy’s AI and data analytics are driven by proprietary datasets and data pipelines and supported by a robust network of over 500 suppliers across China, Southeast Asia, and India. Users can receive personalised suggestions for high-traction products based on current market trends and specific customer requirements. The platform also offers streamlined workflows from supplier discovery to logistics to rigorous quality control. Even more so, Sourcy’s AI can assist in designing products by analysing market data and consumer preferences, generating design concepts, and creating samples.
Sourcy was recognised as one of the top AI start-ups by the Boston Consulting Group and named to the Forbes Asia 100 To Watch 2023.
This rising Cyberport community company is now operating in 11 markets across Southeast Asia, the Middle East, and Latin America. It is planning to launch a GPT-powered sourcing assistant in Q4 2024, with a US launch slated for early 2025.
