“When I started Sourcemap, our customers were primarily interested in mapping their supply chains to manage sustainability, for example to measure the carbon footprint of bringing their products to market, or to make sure the farms they were sourcing from were not tied to deforestation. That all changed with Covid, when companies decided they needed more visibility into their end-to-end supply chains to manage and prevent disruptions, and to secure more dependable sources of supply.
“More recently, we’ve seen a dramatic increase in demand for end-to-end supply chain mapping to comply with US and EU due diligence laws that hold companies responsible for the social and the environmental practices at every stage of their supply chains.
“Since Sourcemap was founded, supply chain mapping has become an essential tool to run a multinational business, whether it’s for sustainability, logistics and procurement, or compliance and risk – with more applications to come.”
“Supply chain mapping technology is the most effective way for a company to manage its supply chain risks. Most brands and manufacturers have hundreds of direct suppliers, and each of those suppliers has hundreds more. Once the entire network is mapped a major multinational might have hundreds of thousands of suppliers in its end-to-end supply chain.
“Sourcemap is the first technology that can be deployed at large enough scale for a company to identify all of its direct and indirect suppliers, and to assess the risk and compliance across the entire supplier network. In order to do that, our software collects huge amounts of data from the supply chain and analyzes it depending on the risks: for example, we use satellite imagery to monitor farms for deforestation, we use AI to look for evidence of fraud, waste or abuse in the transaction records, we even have mobile applications to document incidents of forced labour in places where internet connections can’t be guaranteed.
“The full suite of functionality is what makes Sourcemap unique, and what gives our customers the peace of mind that their supply chains live up to the standards they care about most.”
