88Spares to Bolster the Economy by Simplifying the Supply Chain Indonesia’s Textile...

88Spares to Bolster the Economy by Simplifying the Supply Chain Indonesia’s Textile Manufacturing Business

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Previewed at Indo Intertex 2017

JAKARTA 3 May 2017 — 88Spares.com, the new Indonesia-based, business-to-business (B2B) e-marketplace player in the global textile and garments industry, launched at the international textile and garment exhibition Indo Intertex 2017 on April 21, 2017.

The anticipated event, which is short for “Indo Intertex-lnatex-lndotexprint 2017”, was held at the Jakarta International Expo in Kemayoran, Central Jakarta. The event and its attendees rallied around the general theme of “productivity for sustainability.”

There was more than 450 participants from more than 24 countries at the 15th annual exhibition in Indonesia’s capital city. Indo Intertex 2017 attracedt between 9,000 and 10,000 visitors. These people include a range of professionals, including local and international entrepreneurs from the textile and garment industry.

Paul Kingsen, the visual director of Indo Intertex 2017, explained that the event in Jakarta aided in thei develop and drive for sustainable textile business in the global market. “Indonesia has to improve its textile industry to be more export-oriented and capable of producing ready-made garments. It also needs to offer competitive prices,” said Kingsen.

Aside from developing the local textile industry and products within the space, Indo Intertex 2017 also served to improve the quality of the nation’s industrial textile production machines, which suffered from stagnation in 2015 and 2016. “It’s also important for the Indonesian garment industry to upgrade its machines and tools to fulfil market demands effectively,” said Kingsen.

As one of the key participants at Indo Intertex 2017, 88Spares launched its brand-new e-commerce marketplace. The multi-vendor marketplace facilitates B2B transactions between buyers and sellers in the textile and garment manufacturing industry, specifically dealing with industrial machine spare parts. 88Spares makes it easier for users to buy and sell textile- and garment-related industrial machine spares parts efficiently and at transparent and competitive prices.

“Users can cut their spending easily by buying or selling textile machine spares on 88Spares. Our platform’s various smart features can also help optimize the user’s productivity. This way, textile manufacturers can expand their own export markets,” said Rosari Soendjoto, Co-founder and Chief Marketing Officer of 88Spares during the Indo Intertex 2017 press conference held at the office of Asosiasi Pertekstilan Indonesia (the Indonesia Textile Association).

88Spares aims to bring a positive contribution to the local textile and garments industry and hopes to become a catalyst of change in the domestic economy. The company wants to improve the competitiveness of Indonesia’s garment industry players in the international market, which would allow the archipelago to take a step forward with other Asian countries.

“With this marketplace, users will be able to simplify the procurement process for machine spare parts and tools needed for textile and garment manufacturing. We guarantee the transaction’s safety and data security, time efficiency, and an overall easier buying and selling process with transparent pricing,” Soendjoto added.

At the press conference, Chairman of Asosiasi Pertekstilan Indonesia Ade Sudrajat confirmed that the country’s textile and garment industry has been stagnant in recent years.

“In fact, the production of the industry slumped by 7.12 percent in the first semester of 2016. But then again, we at Asosiasi Pertekstilan Indonesia are optimistic that the growth of the Indonesian textile industry in the first quarter of 2017 will show a decent expansion as a free trade cooperation with the European Union will be implemented in 2018,” said the chairman.

Meanwhile, Indonesia’s Ministry of Industry recorded that in 2016 alone, the value of the nation’s overall textile investment and textile production reached Rp.7.54 trillion (US$569 million). The industry can generate US$11.87 billion in foreign exchange reserves and absorb 17.03 percent of the country’s industrial manufacturing labour force.

Hartmut Molzahn, Co-founder and CEO of 88Spares, stated that Indonesia is strategic country to launch in due to it already producing nearly 2 percent of the world’s textiles and related supplies. The textile and textile products industry contributed 6.65 percent of Indonesia’s GDP in 2016. The growth rate in 2017 is officially predicted by the Ministry of Industry to clock in between 5.2 percent to 5.4 percent. This growth will be driven by traditional sectors such machinery and equipment. Traditionally the backbone of industrial growth, the local textile and garment industry will likely expand by up to 1.8 percent in 2017.

88Spares consistently listens to feedback from customers to innovate and develop superior products that can serve as practical solutions for users. The chance to pre-signup on 88Spares during Indo Intertex 2017 was a great opportunity for global manufacturers and sellers of textiles and textile products. Early bird benefits included commission discounts and cataloguing management assistance so they can sell products effortlessly through the e-commerce platform.

“Engaging directly with industry stakeholders such as the textile and garments related industry associations in Indonesia that we meet through Indo Intertex gave us experience and the privilege to build something that is really loved and practical. We are keen to deliver more value and set a new standard for B2B e-commerce in Indonesia with 88Spares. It’s only the beginning for this new marketplace – we will continue to build our features in areas like product support, payments, shipping and pricing,” said Molzahn.

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