Merchant Bay 2.3.9

Merchant Bay operates as a technology-enabled fashion sourcing platform that facilitates a vital link for buyers seeking to connect with apparel suppliers in Bangladesh. This multisided platform empowers both buyers and suppliers to efficiently initiate business transactions, manage orders, and foster mutual growth.

The platform conducts thorough verifications of factories, textile mills, yarn spinners, and suppliers of trims and accessories, creating digital profiles to enhance their visibility within the supply chain. With a diverse supplier base, Merchant Bay effectively matches buyers with suitable partners for immediate demand fulfillment. A continuously updated raw material library further enhances cost efficiency, providing buyers with comprehensive sourcing support from start to finish.

Key Features

• Flexible Quantities: Recognizing that emerging direct-to-consumer (DTC) brands require varied styles in flexible quantities to mitigate dead stock and compete in fast fashion, Merchant Bay prepares manufacturers to accommodate low minimum order quantities. This allows for scalable growth together with our suppliers, who receive technical and raw material support for shorter quantity orders.
• Instant Responses: Every quotation is treated with importance, prompting our team to swiftly engage upon receipt. This prompt assistance helps clients in selecting the most suitable manufacturers.
• Competitive Quotations: Utilizing a supplier-matching algorithm, we ensure clients receive sourcing partners that best align with their needs. This targeted approach eliminates irrelevant responses and significantly reduces quotation times compared to traditional platforms.
• Development Support: We provide comprehensive assistance in product development to ensure efficient production. Experienced product developers collaborate with clients to refine designs according to optimal technical specifications.
• Complete Visibility: Beyond mere visibility, our platform offers full traceability of the production process. Clients can access real-time updates on production from anywhere globally, addressing the challenges associated with off-shoring.
• Preferred Payment Method: Merchant Bay offers secure and flexible payment options. Clients can choose escrow payments, direct transactions with manufacturers via letters of credit (LC), or deferred terms for retained customers.

The commitment to traceability is positioned as the first step toward sustainability. Merchant Bay aims to equip clients with the knowledge needed to make informed decisions regarding the reduction of their product's carbon footprint. By establishing a traceable supply chain, we facilitate the development of sustainability scores for products and the calculation of carbon footprints. Our multi-tier supplier mapping system also enables tracking of the primary sources of carbon emissions within the supply chain.