Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

NZ tech company helping Nike and Adidas manufacturers

NZ tech company ShapeShifter helping Nike and Adidas manufacturers

June 29, 2016

New Zealand owned and Los Angeles-based company ShapeShifter is producing computer aided design systems for manufacturers of some of the biggest global clothing brands in the world such as Nike and Adidas.

ShapeShifter’s Prophet (SSP) software enables manufacturers to reduce their fabric costs through reducing fabric consumption.

The software does this by providing the very best cutting solution resulting in fabric savings which can translate into tens of millions of dollars of savings per year for the largest manufacturers, ShapeShifter chief executive Tim White says.

“Fabric costs in some cases may need to be balanced with cutting time however and a number of our customers also want to see a marked improvement in cutting time freeing up precious capacity in their factories so that they can either increase through-put, or meet customer-imposed deadlines.

“Because our Prophet software is so powerful and utilises the massive processing capacity available in the cloud, customers are able to process an infinite number of orders concurrently whereas with other competing software these orders need to be queued resulting in a considerable amount of lost time waiting for results.

“The speed of our software enables merchandisers and sales staff to provide very fast and accurate quotes for their customers. Historically, most manufacturers have been unable to provide accurate quotes within 24 hours and run the risk of over-quoting and losing the job, or underquoting and losing money on the order. Our Prophet software enables them to accurately quote in 10 to 15 minutes which is a game-changer for them.

“Our software isn’t the cheapest on the market by any means. Our customers are paying on average $US10,000 to $US15,000 per month for their subscription. We have zero customer churn in the business which I believe reflects the significant and quantifiable savings our customers are seeing from using the software.

“In the next 18 months we see opportunities to explore new solutions and expand on what we currently have. I believe there are some significant changes coming in the market which has seen relatively little technological change in the last 15 years. ShapeShifter is well-placed to take advantage of these changes.

“While ShapeShifter has most of its team headquartered in Los Angeles, the parent firm is a New Zealand company with the majority of revenues returned to New Zealand. We have no permanent staff or operations in New Zealand however.”

In the past 12 months ShapeShifter’s focus has been on improving market presence in Asia particular in Taiwan and Vietnam. The company has substantial experience in sportswear and expects to have its customer support team set up in Vietnam this year, producing good growth in the region. ShapeShifter is one of the first three New Zealand companies immediately engaging with the newly opened Kiwi Connection tech hub in Ho Chi Minh City.

The hub is founded and operated by Augen Software Group, a Kiwi tech business who initially established their permanent local presence in Vietnam in 2005, in order to tap into the abundance in technical resource to support New Zealand’s rapid growth in innovation.

As Vietnam and the ASEAN region continue to advance international trade, there is increase in demand for technology products and services to lift business and industry capabilities and competitiveness. Augen chief executive Mitchell Pham sees Kiwi Connection as the answer to accelerating presence and engagement for New Zealand tech businesses to support such growth in the region.


ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Fuel Leak: Refinery Prepares To Repair Damaged Pipeline

Refining NZ has confirmed that it is to start repairs on a section of its multi-product fuel pipeline which was shut down following a jet fuel leak last Thursday. More>>uption.htm">More>>

ALSO:

StatsNZ: Economy Grows 0.8% In June Quarter

“Strong export and domestic demand underpinned growth this quarter,” national accounts senior manager Gary Dunnet said. “Demand for exports has resulted in strong production growth in manufacturing and service industries.” More>>

ALSO:

Stats NZ: Annual Net Migration Remains High

Annual net migration was 72,100 in the August 2017 year... Migrant arrivals reached 132,200, a new annual record, and migrant departures were 60,100 in the year ended August 2017. More>>

ALSO:

Expert Reaction: Cassini's Grand Saturn Finale

After a 20 year mission, NASA's spacecraft Cassini will meet its demise this week by plunging into Saturn's atmosphere and burning up. More>>

ALSO:

Jurisdiction: Court Rejects Cathay Unit's Retirement Age Of 55 For Pilots

The Supreme Court has backed two Auckland-based Cathay Pacific pilots who claimed local law meant they couldn't be forced to retire at 55. More>>

ALSO:

Supreme Court: AFFCO Loses Lockout Appeal

The essential question in the appeal was whether those who presented themselves for work at the beginning of the 2015/2016 season were at that time “employees” for the purposes of the lockout provision... This Court has unanimously dismissed the appeal. More>>