Tradeverifyd, a leading platform in supply chain risk mitigation and trade compliance, has officially announced the launch of new products, each one designed to help enterprises conceive a more proactive brand of supply chain risk management.
According to certain reports, this assortment of enhancements arrive on the scene bearing four key innovations i.e. the new Tradeverifyd Score™, AI-Powered Risk Identification and Predictive Intelligence, Multi-Tier Supply Chain Mapping, and Verifiable Traceability with Compliance Reporting.
To understand the significance of such a development, we must take into account one McKinsey report, where it was discovered that most businesses only have visibility into 60% of their Tier 1 suppliers and struggle to see beyond Tier 2. Such a critical gap becomes especially contextualized as regulatory requirements like Uyghur Forced Labor Prevention Act (UFLPA) gear up to force increasingly granular scrutiny on businesses.
“In today’s complex global trade environment, enterprises are grappling with escalating regulations, responsible sourcing, and operational risk pressures within their supply chain,” said Mike Prorock, CEO and founder, Tradeverifyd. “These enterprises can no longer afford to be on their back foot, reacting to disruptions after they occur. We’ve established a new standard that enables businesses to see around corners, anticipate challenges before they materialize, and take decisive action to protect their supply chains.”
Talk about Tradeverifyd’s new innovations on a slightly deeper level, we begin from Tradeverifyd Score™, which is the first true industry standard for measuring supply chain risk and resilience. The stated solution banks upon open-source intelligence and commercially available data to offer an objective, independently derived view of a supplier’s ability.
This should facilitate smarter order fulfillment, and therefore, empower companies to quickly assess reliability, compliance, as well as resilience without relying on internal or self-reported data.
Next up, we have AI-Powered Risk Identification and Predictive Intelligence facility, something well-equipped to bring forth tailored supply chain risk summaries and proactive mitigation strategies with real-time updating across the platform. In case that wasn’t enough, these strategies are also tailored based on various personas, right from executives to operational users.
Markedly enough, this particular solution also showcased its capabilities recently when it prevented a significant disruption by identifying an imminent environmental threat. Through an open-source weather data, packaged with proprietary supply chain intelligence, Tradeverifyd successfully detected a high-impact weather event which threatened a critical production region before traditional monitoring systems raised alerts.
This early warning would allow the affected company to swiftly reroute sourcing to alternate suppliers, preventing what would have been a 20% drop in operational capacity.
Another detail worth a mention is rooted in Tradeverifyd’s Multi-Tier Supply Chain Mapping solution. Here, Tradeverifyd conceives complete visibility across the entire supply chain, including every touchpoint from raw materials to finished goods. This the component does on the back of unique combination holding open-source intelligence and customer-provided data.
The solution’s privacy-preserving architecture in question treads up a long distance to ensure that each customer’s data remains fully their own, meaning it is never shared, reused, or used to train other customers’ models. It also sets the stage for deep multi-tier mapping without compromising ownership or confidentiality, an essential capability as import and export decisions increasingly rely on rules of origin that extend well beyond Tier 1 and Tier 2 suppliers.
Rounding up highlights would be Tradeverifyd’s focus on Verifiable Traceability and Compliance Reporting. In essence, the Tradeverifyd now offers AI-powered identification of documentation gaps across different languages, teams, and parts of the supply chain.
On top of that, the platform in question offers unified information integration into the N-tier map, USMCA, and CAFTA-DR reports to help enterprises minimize their tariff burdens.
We must also mention how this particular setup can be expected to provide seamless integration with existing enterprise systems, whether it’s ERP, procurement, or compliance platforms. This comes alongside the flexibility to access risk insights where they work, embed scores and alerts into their own workflows, and maintain full control over how data is used and shared.
“Supply chain risk management has reached an inflection point,” said Prorock. “With Tradeverifyd’s predictive capabilities, enterprises can now see what’s coming and take action before disruptions impact their operations and bottom line.”
