Meet Annie the owner of the Pies Factory
Do you sell products? If so, you require supply chain visibility into the input materials shaping their composition and information on who is involved, where and how. Otherwise, you might find yourself in a challenging situation.
The top photo shows women sorting green coffee beans, one-by-one. Seated directly on a concrete floor in a warehouse in Nairobi. They are paid less than one dollar per day. You do not want this coffee entering your supply chain, and being tainted by labor abuse allegations.
Whether you sell food, clothing, cosmetics, jewelry, furniture, vehicles or electronics, chances are you only know your direct suppliers, exposing you to significant risks. The next photo shows artisanal miners searching for gold in the Democratic Republic of Congo. You do not want this gold entering your supply chain. But how can you know whether this is happening so that you can take proper countermeasures?
360platform provides a comprehensive 360º vision of your supplies and supply chains. It helps you identify risks at the product level associated with the raw materials you consume, the composition of ingredients entering your supply chain, and the components purchased to make your products. The platform also assesses the ESG performance of suppliers across the different tiers in your supply chains, indicates the risk level of the countries where input materials are produced, and identifies their various sourcing areas.
These risk factors are combined and weighted to obtain a 360º Risk Assessment. For instance, the same raw material can have a low 360º risk when associated with a particular supplier and location, but a high risk when associated with another combination of suppliers and sources. Comparing the risks of using gold produced in a Canadian mine versus gold from panning in the DRC illustrates this distinction.
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