SupplyShift, a leading supplier management, responsible sourcing, and supplier engagement platform, and Verisk Maplecroft, the global risk analytics and research company, have sealed a strategic alliance to deliver enhanced supply chain visibility to multinational organizations across key environmental, social and governance (ESG) issues.The alliance integrates Verisk Maplecroft’s global risk analytics into SupplyShift’s cloud-based technology. By combining their expertise and resources in a single solution, the alliance will strengthen organizations’ ability to proactively identify, quantify and mitigate a wide range of supplier risks across complex global supply chains and throughout the supplier lifecycle.
“Companies using superior data to map their supply chain across the full spectrum of ESG risks, including human rights and environmental issues, will quickly build an actionable picture of where they need to take action or adjust their strategy,” says Verisk Maplecroft President Sondra Scott. “Our collaboration with SupplyShift provides this critical intelligence.”
Companies using SupplyShift’s supplier management platform will have the ability to combine supplier data with Verisk Maplecroft’s ‘Sustainability Risk Dataset’ to create new levels of insight into the risk exposure of their suppliers. This actionable intelligence will enable users to make more effective decisions based on trusted data; to effectively manage risk and ultimately build stronger, more ethical supply chains.
“The combination of Verisk Maplecroft’s global risk data with SupplyShift’s sustainability platform delivers unmatched insights to guide enterprise procurement,” added SupplyShift CEO Alex Gershenson. “We are delighted to be partnering with Verisk Maplecroft to augment the strength of both of our organizations.”
Verisk Maplecroft’s data-driven approach to risk enables multinational organizations to understand how and where human rights, political, and environmental risks impact their assets, their reputations, and their supply chains. A unique portfolio of global risk analytics combines with expert insight to provide an independent, trusted view of the inherent risks impacting our clients’ operations, investments, and supplier base, giving them the critical business intelligence they need to make better, risk-adjusted decisions. Verisk Maplecroft is a Verisk Analytics business (Nasdaq: VRSK).
SupplyShift provides a comprehensive platform to seamlessly gather and analyze supplier networks, connecting companies to de-risk and improve supply chains. SupplyShift’s cloud-based platform allows for reliable data management and performance measurement, secure traceability for supply chain transparency, and improved collaboration throughout the entire supply chain. The platform is built with the belief that, when properly managed, a company’s supplier network can deliver incredible value for the company, the greater economy, and can play an important role in changing our world for the better. The SupplyShift platform makes it seamless to gain the insight needed to create a more responsive, responsible supplier network that makes the entire supply chain more productive.
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