Earlier this month, Moody’s Analytics announced the launch of Supply Chain Catalyst, a data and analytics platform for monitoring and managing supply chain risk. Basically, users can monitor key, specific supply chain risk factors, as well as enterprise-wide risk, by combining their own supplier knowledge with Moody’s data and risk analytics. The solution provides a 360-degree view of suppliers across financial, sustainability, reputational and operational risk factors.
The reason to take notice of this announcement is because the solution is powered by Orbis, a high quality database that Moody’s acquired with its purchase of Bureau van Dijk in May 2017. BvD, with its Orbis database, is widely respected in the business research community because, from its inception, it addressed and delivered on the critical need for global data standardization. It has many strengths, including its international private company and detailed ownership data coverage.
Here are summarized highlights of what Supply Chain Catalyst can do:
- Deep dive into analysis of individual suppliers or entire portfolios
- Leverage corporate structure linkages across supply chain
- Measure, monitor and mitigate supplier risk exposures quickly
- Create and customize alerts to monitor supply chain
- Automate supplier risk decision process and approval workflow
- Match and onboard an individual or an entire portfolio of suppliers at one time
- Perform supplier segmentation analysis across direct/indirect, critical/alternative suppliers
- Use ESG scores and assessments to inform on responsible sourcing and sustainability strategies
- Compare financial data and metrics across industries and countries in a global standardized format
- Screen suppliers and identify those in watchlists, with PEPs, sanctions, and adverse media
- Automate financial spreading across portfolio
Dun & Bradstreet and Google Cloud
Last month Dun & Bradstreet and Google Cloud announced a 10-year strategic agreement to leverage Google Cloud for infrastructure modernization and jointly innovate new industry-specific solutions and services. As part of the agreement, Dun & Bradstreet will accelerate its infrastructure modernization using Google Cloud as its preferred cloud provider. The companies’ first innovation initiative will focus on managing supply chain risk. To address this, Dun & Bradstreet will become one of the founding data providers for Google Cloud’s Supply Chain Twin solution.
An article in The Wall Street Journal states that due to well-known logistics issues and concerns, investments in supply chain technology have exploded in the past year. Startups raised $24. 3 billion in venture funding in the first three quarters of 2021, which is 58% more than the entire year of 2020. The article also highlights a Gartner survey from last year, where 73% of companies indicated they “either are in the hunt for or in the process of putting in place supply chain visibility tech.”
GEP and COSTDRIVERS
Earlier this month, GEP agreed to acquire COSTDRIVERS, a supply markets forecasting, pricing trends and cost-modeling platform, and procurement intelligence and data science firm Datamark Ltd (Sao Paolo, Brazil), through the acquisition of its parent company, Datamark International (Bermuda) Ltd. Pending regulatory approvals, the deal is expected to close in Q1.
Says Subhash Makhija, CEO of GEP: “While GEP’s consulting and managed services teams are already leveraging COSTDRIVERS to deliver game-changing results, we will also enable GEP software customers to leverage the platform by eventually incorporating its powerful functionality into their GEP SMART and GET NEXXE digital procurement and supply chain management platforms.”
COSTDRIVERS, through easy-to-use interactive dashboards, provide price forecasts and customized alerts for cost reduction opportunities, which feed into budgeting and strategic planning tools.
U.S. Department of Agriculture (USDA)
The free app provides “instant access to market information published through USDA Market News. It was designed with producers in mind, who don’t always have time to sit down and search a website, and delivers market information to them where they are, when they need it…You can search for markets based on location, by state, or commodity. You also can add reports to your favorites for quick access, share reports with colleagues, subscribe to reports and receive notifications when a new report is published. The app lets you share the source data behind reports in case you want to dive in and analyze the information.”
USDA Market News captures data for:
- Cotton and Tobacco
- Dairy & milk products
- Fruits, vegetables & specialty crops
- Livestock, meats, poultry, eggs, grain & hay
- Local & regional foods
Note: The following have been added March 15, 2022.
Sourcemap, it was widely announced on March 1, has raised a $10 million Series A funding round. Sourcemap plans to “further expand its operations in North America and grow its global footprint with a European subsidiary to support growing demand for supply chain due diligence.” Sourcemap “provides state-of-the-art due diligence software for global brands to map their supply chains down to the raw materials and ensure operational best practices at every step of the way. Born out of MIT research, Sourcemap’s software platform encompasses the full suite of due diligence requirements to support all business needs, including: supplier discovery, supply chain mapping, supplier risk assessment, transaction traceability, fraud detection, resilience planning, real-time visualization and consumer-facing transparency.”
JAGGAER – TealBook continues to build out its impressive ecosystem of partners. In February, JAGGAER and TealBook finalized their partnership that “gives JAGGAER customers automated access to trustworthy data on global suppliers, at scale…Through its integration with TealBook, JAGGAER can intelligently identify and recommend suppliers that are most closely aligned with buyers’ needs.”
Market Dojo – On March 1, TealBook and eSourcing provider Market Dojo announced a new partnership that will allow TealBook customers “to take advantage of Market Dojo’s self-service, pay-as-you-go eSourcing solution,” while giving Market Dojo customers “the opportunity to include TealBook’s comprehensive supplier intelligence capabilities as an extension to the Market Dojo’s sourcing and supplier management processes.”
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