Permutable AI product & vision sustainable supply chains 2023 CEO update

At Permutable AI, we are revolutionizing the way companies approach supply chain risk management and ESG due diligence. Our unique product offers a comprehensive solution that combines real-time insights from public news data with a focus on supply chain transparency and environmental, social, and governance (ESG) factors enabling more sustainable supply chains. In this update, we will delve into how our product differentiates itself from existing solutions, the data we provide, the companies currently benefiting from our data, major product milestones, and our plans for future enhancements.
 

Distinguishing Features: Tailored Supply Chain Due Diligence in the ESG Space

Permutable AI’s supply chain risk management product stands out from existing solutions through its tailored approach to supply chain due diligence in the ESG space. While other offerings provide real-time insights from public news data, our product goes a step further by specifically addressing the unique challenges and requirements of ESG-specific supply chain analysis.

Traditional solutions, such as Refinitiv, lack the customization necessary for ESG-focused supply chain analysis. They often provide generic data and analysis that fail to capture the nuances of environmental, social, and governance factors within supply chains. In contrast, our product delves deep into the ESG landscape, enabling organizations to uncover critical insights and make informed decisions based on comprehensive and tailored information.

Services like Denied Party Screening by Thomson Reuters primarily focus on legal documents, leaving the environmental aspect of corporate due diligence overlooked. While legal compliance is important, it is equally crucial to consider the environmental impact of supply chains. Permutable AI’s solution addresses this gap by providing a holistic view that includes environmental risks, such as pollution, waste management, and carbon emissions, enabling organizations to proactively manage these factors in their supply chains.

Other solutions in the market, like ESGpedia from STACS, often provide limited metrics for their ratings, which restricts the scope of analysis. In contrast, our product offers a robust and comprehensive set of data and insights, covering a wide range of ESG factors relevant to supply chain due diligence. This breadth of information allows organizations to conduct thorough assessments, identify potential risks, and implement targeted strategies to improve their ESG performance.

By tailoring our product to address the specific needs of ESG-focused and sustainable supply chains, Permutable AI empowers organizations to go beyond generic assessments and embrace a more comprehensive and targeted approach. Our solution unlocks the potential for organizations to proactively manage ESG risks, enhance their sustainability efforts, and build more responsible and resilient supply chains.

In a rapidly changing business landscape where ESG considerations are becoming increasingly important, Permutable AI’s tailored supply chain due diligence solution provides a distinct advantage within the sustainable supply chain transformation market. It enables organizations to align their supply chains with their sustainability goals, mitigate risks, and gain a competitive edge in an ESG-driven marketplace.

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Data Sourcing and Types of Data Provided

At Permutable AI, we understand the importance of reliable and comprehensive data in supply chain risk management and ESG due diligence. To deliver the highest quality insights to our clients who are looking to achieve sustainable supply chains, we employ a rigorous data sourcing process that involves extracting all public news data available concerning companies in our extensive database.

Our data collection encompasses a wide range of factors relevant to supply chain risk management and ESG considerations. This includes but is not limited to information related to supply chain risks, environmental practices, product liability, labour violations, regulatory compliance, sustainability initiatives, and corporate governance. By casting a wide net, we ensure that our clients have access to a diverse set of data points that can inform their decision-making and risk mitigation strategies.

We employ advanced technologies and algorithms to aggregate and analyze this data, allowing us to provide our clients with a comprehensive and real-time understanding of the ESG landscape. Our goal is to empower organizations with the knowledge they need to proactively identify potential risks, seize opportunities, and align their supply chains with sustainability goals.

By leveraging our extensive database and cutting-edge data analytics capabilities, we enable our clients to make informed decisions at every stage of their supply chains. Whether it’s assessing the environmental impact of suppliers, identifying labour violations, evaluating product liability risks, or monitoring regulatory compliance, our data provides valuable insights that support proactive risk management and sustainable practices.

Furthermore, our commitment to real-time data updates ensures that our clients stay up-to-date with the evolving ESG landscape. By continuously monitoring and analyzing relevant news sources, we capture the latest developments and trends, allowing organizations to adapt their strategies and address emerging risks in a timely manner.

With our robust data sourcing and comprehensive data coverage, Permutable AI equips organizations with the tools they need to navigate the complexities of supply chain risk management and ESG due diligence. By providing accurate, timely, and actionable data insights, we empower our clients to make informed decisions, enhance their sustainability practices, and build resilient and responsible supply chains.

The Journey Towards More Sustainable Supply Chains: Companies Currently Benefiting from Our Data

We are proud to have a diverse range of companies utilizing our data to enhance their sustainability efforts.  Permutable AI’s supply chain risk monitoring capability is highly valuable for a wide range of companies across different industries.
 
Companies operating in complex supply chains, such as manufacturing, logistics, retail, and e-commerce, have all benefited greatly from this innovative solution. Additionally, we are currently looking to expand our reach into organizations involved in critical sectors such as healthcare, pharmaceuticals, and food production, all of which require robust risk management to ensure the reliability and safety of their supply chains.
 
Our Fortune 500 and Global 2000 clients are heavily reliant on international suppliers and have been  leverage Permutable AI’s solution to proactively identify and mitigate potential risks. Furthermore, businesses focused on sustainability and responsible sourcing are currently using our technology to enhance transparency and ethical practices within their supply chains.
 
Overall, any organization that recognizes the importance of proactive risk management and seeks to optimize supply chain operations and improve environmental and societal impacts can find substantial value in Permutable AI’s supply chain risk monitoring capability. It has also proven particularly effective in conducting supply chain due diligence when screening potential new suppliers as part of the onboarding process.  
 
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Major Product Milestones

One of Permutable AI’s major product milestones in the field of supply chain risk management has been the successful sourcing of data from all company websites. This accomplishment marks a significant breakthrough in our ability to gather relevant and up-to-date information directly from the source. By aggregating data from various company websites, we can access critical details about suppliers, manufacturing processes, certifications, and other relevant factors that impact supply chain risk.¬†

This direct sourcing approach ensures the accuracy and timeliness of the data we analyze, enabling us to provide comprehensive and real-time insights to our clients. This milestone not only enhances the effectiveness of our supply chain risk management solutions but also reinforces our commitment to delivering cutting-edge technologies that empower businesses to make informed decisions and mitigate potential risks in their supply chains.

Learnings from Early Versions

Permutable AI’s journey with the early versions of our supply chain risk management product has provided us with invaluable insights. Two crucial lessons have emerged from this experience, shaping the evolution of our solution. Firstly, we have recognized the paramount importance of score explainability and data quality assurance to our clients. Understanding how risk scores are determined and ensuring the reliability of underlying data are key factors that instill trust and confidence in our product. We have invested significant effort in developing transparent scoring methods that can be easily comprehended and validated by our clients. Additionally, our rigorous data verification processes ensure the accuracy and integrity of the information we provide, enhancing the overall credibility of our risk analysis.

Secondly, we have learned that industry-specific dashboards play a pivotal role in meeting our clients’ unique needs. Recognizing that different sectors face distinct challenges and requirements, we have embraced the importance of tailoring our insights and analytics to specific industries. By customizing our dashboards to align with the characteristics and dynamics of different sectors, we empower our clients with targeted and actionable information. This industry-specific approach allows organizations to make informed decisions that are relevant to their specific context, ultimately driving more effective risk management strategies.

These learnings have driven our commitment to continuous improvement and innovation. By prioritizing score explainability, data quality assurance, and industry-specific dashboards, we ensure that our supply chain risk management solution delivers maximum value and impact to our diverse range of clients. Through ongoing refinement and customer collaboration, we strive to exceed expectations, addressing the evolving needs and challenges of the industries we serve.

Benefits to Companies: Tackling Supply Chain Risks and Developing Sustainable Supply Chains 

Permutable AI’s supply chain risk management product offers a multitude of benefits to companies across various industries. By harnessing the power of our data and insights, organizations can effectively tackle a wide range of supply chain risks while fostering sustainable practices.

One significant advantage is the ability to address environmental damage. Our solution provides companies with the necessary tools to identify and mitigate environmental risks within their supply chains. By gaining visibility into the environmental practices of their suppliers, organizations can proactively address issues such as pollution, waste management, and carbon emissions. This empowers them to make informed decisions, implement corrective actions, and drive positive environmental change throughout their supply networks.

Another critical area of risk management is product liability. Our product enables companies to assess and monitor the quality and safety of their products at every stage of the supply chain. By identifying potential risks and ensuring compliance with regulations and industry standards, organizations can safeguard their brand reputation, mitigate legal and financial liabilities, and ultimately protect their customers.

Furthermore, our solution supports the adoption of sustainable practices by facilitating the onboarding of new supply chain providers aligned with sustainability goals. Companies can leverage our data and insights to evaluate potential partners based on their environmental, social, and governance performance. This helps companies build a more sustainable and responsible supply chain ecosystem, reducing their overall environmental impact and fostering long-term sustainability.

By utilizing Permutable AI’s supply chain risk management product, companies gain a competitive advantage. They can proactively manage risks, protect their brand reputation, and enhance stakeholder trust. Additionally, by creating more resilient and sustainable supply chains, organizations position themselves as leaders in sustainability and responsible business practices, meeting the growing expectations of customers, investors, and regulators.

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Enriching Our Product

At Permutable AI, we are committed to continuously improving our supply chain risk management product to meet the evolving needs of our clients. To further enrich our offering, we have identified two key enhancements that will provide even greater value and insights to companies.

The first enhancement involves integrating carbon emissions data and predictive tools into our existing platform. We recognize the growing importance of carbon footprint management and its significant impact on sustainability initiatives. By seamlessly integrating carbon emissions data, companies will gain a comprehensive understanding of their environmental impact throughout the supply chain. This integration will empower organizations to measure, track, and manage their carbon footprint effectively, enabling them to set and achieve ambitious sustainability goals.

The second enhancement focuses on incorporating industry-specific taxonomies, such as the Sustainability Accounting Standards Board (SASB) framework, into our product. We understand that each industry has unique sustainability challenges and metrics that require specific attention. By integrating industry-specific taxonomies, we will provide companies with deeper insights and benchmarks tailored to their specific sector. This will enable organizations to compare their performance against industry peers, identify areas for improvement, and make informed decisions based on industry best practices.

These enrichments to our product will empower companies to make more strategic and data-driven decisions in their supply chain risk management and sustainability efforts. By incorporating carbon emissions data and industry-specific taxonomies, we are equipping our clients with the tools and insights they need to navigate complex sustainability challenges and drive positive change within their industries.

We are excited about the potential of these enhancements and the value they will bring to our clients. At Permutable AI, we remain dedicated to staying at the forefront of innovation and providing cutting-edge solutions that empower companies to build resilient and sustainble supply chains. By continuously enriching our product, we are committed to helping organizations achieve their sustainability goals, enhance stakeholder trust, and create a positive impact on the planet.

Summing Up: Powering Sustainable Supply Chains Transformation

Permutable AI is revolutionizing supply chain risk management and ESG due diligence with our unique product. By tailoring our solution specifically to supply chain due diligence in the ESG space, we offer distinct advantages over existing solutions. Our comprehensive data sourcing from company websites provides real-time insights on supply chain risks, environmental practices, product liability, labor violations, and more. This data empowers organizations to make informed decisions and mitigate potential risks.

We are proud to have a diverse range of companies benefiting from our data, including those in manufacturing, logistics, retail, e-commerce, healthcare, pharmaceuticals, and food production. Our Fortune 500 and Global 2000 clients rely on our solution to proactively identify and manage risks in their international supply chains. Moreover, companies focused on sustainability and responsible sourcing utilize our technology to enhance transparency and ethical practices.

Major product milestones, such as successfully sourcing data from all company websites, highlight our commitment to accuracy and timeliness. We have also learned valuable lessons from early versions, prioritizing score explainability, data quality assurance, and industry-specific dashboards. These insights drive our continuous improvement efforts.

Furthermore, Permutable AI’s product delivers substantial benefits to companies. It enables effective supply chain risk management, tackles environmental damage, ensures product quality and safety, and facilitates the development of sustainable supply chains. By leveraging our solution, companies gain a competitive advantage, enhance their reputation, and build resilient supply chains. Looking ahead, we aim to enrich our product by integrating carbon emissions data and industry-specific taxonomies. This will allow companies to measure and manage their carbon footprint effectively while gaining deeper insights and benchmarks relevant to their specific sector.

At Permutable AI, we are dedicated to helping companies achieve their sustainability goals, enhance stakeholder trust, and make a positive impact on the planet. Through continuous innovation and collaboration, we empower organizations to navigate complex supply chain challenges and drive positive change within their industries.

If you’re ready to transform your supply chain risk management and embrace sustainable practices, why not reach out to us today.

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