1SRC began one fateful late spring evening. While our co-founders were sharing some BBQ, the subject of dinner undoubtedly turned toward work, and a problem became readily apparent. Manufacturing is struggling in the face of 21st century global hyper-competition. For better or worse, it is a 150 year-old industry within North America and Europe. However, most manufacturers still operate as 20th century businesses.
They decided to design a platform to empower procurement and quality management to better leverage . After some market testing with a few early adopters, 1SRC is solving this urgent procurement and financing need, by connecting underutilized and accredited suppliers in regions that do not traditionally service the aerospace and defense industries.