The complete Supply Chain act Germany compliance solution from Prewave

Find out what's really happening in your supply chain

Supplier Monitoring

Monitoring thousands of suppliers in a multitude of languages and countries involves a lot of time-consuming work and therefore requires large teams in order to stay up to date with all potential supplier risks. Local strikes at Indonesian suppliers or a fire at a Chinese factory are events that will impact your supply chain, but you will rarely pick up on them since they frequently go unreported in English-speaking media. Typically such events get reported back to you by your supplier with a significant time lag, if they get reported at all.

We Answer The Critical Questions

  • Supply Chain
  • Purchasing
  • Sustainability

What are the real-time risks impacting my suppliers right now?

What risks impacted my suppliers in the past?
What risks are impacting my commodity markets as a whole?

Are my suppliers as sustainable as they look on paper?
Have there been incidents that went unreported?

Making
tomorrow’s
supply chains
more resilient
and sustainable

“Prewave enables us to find out about sustainability risks much earlier on, so we can respond more quickly.”

Marco Philippi
Head of Procurement Strategy

“Thanks to ‘Prewave’ we deal with a complex situation more effectively and furthermore we have the necessary transparency to get through the crisis. Moreover we are well prepared for the future!”

Andreas Schön
Manager Sourcing & Procurement Governance

“Working together with Prewave and its Artificial Intelligence we are identifying risks along the entire supply chain.”

Gunnar Büchter
Executive Director Procurement & Strategy

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We Cover Your Entire Supply Chain

50+ Languages

100+ Countries

100+ Risk Categories

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Risk Categories
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Languages
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Countries

Risk Categories

Labor unrestPredictable
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• Labor strikes
• Labor protests
• Labor disputes
• Worker suicides
Political unrestPredictable
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• Political protests
• Bomb threats
• Shootings
• Terrorism
Financial stressPredictable
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• Layoffs
• Unpaid wages
• Site closures
• Rating decreases
Legal stressPredictable
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• Regulatory shutdown
• Lawsuits
• Corruption, Theft
• Investigations
Industrial AccidentsDetectable
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• Fires and Explosions
• Building Collapse
• Workplace accidents
• Equipment failure
Natural DisastersDetectable
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• Floods
• Hurricanes
• Earthquakes
• Landslides
Cyber risksDetectable
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• Data Leaks
• Cyber Attacks
• Data privacy issues
OperationalDetectable
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• Congestion
• Supplier Issues
• Blockades and Interruptions
CSR Incidents Detectable
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• Pollution, Contamination
• Unethical Labor
• Poor Working Conditions
• Other Misconduct
Product Incidents Detectable
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• Product Recalls
• Product Hazards
• Product Failures
Consumer UnrestDetectable
Read More
• Consumer Campaigns
• Boycotts
• Petitions
Governance RisksDetectable
Read More
• Management Change
• Mismanagement
• Policy changes
• Corporate Wrongdoing
Strat. DevelopmentsDetectable
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• Mergers and Acquisitions
• Partnerships
• Product Launches
• Innovation Activities

The number of supply chain disruptions organizations encountered in 2020 was higher than any other year in the report’s history

27.8% of organizations reported more than 20 supply chain disruptions during 2020, up from just 4.8% reporting the same number in 2019. Organizations blamed COVID-19 for the dramatic increase in the volume of disruptions, although European respondents reported disruptions due to Brexit-related issues.

Source

Supply Chain Resilience Report 2021 - Business Continuity Institute

With the coronavirus crisis still looming over us, anyone in supply chain management will vividly remember the struggle of keeping up with production and operations as factories had to shut down and delivery routes seized up.
What if there was a solution which could pick up on all factory statuses and even give a risk prediction for coronavirus shutdowns?
What if you could already be prepared for the next crisis?

Purchasing departments’ daily bread and butter is the selection of new suppliers, the decisions are mostly based on financial data and supplier assessments. All of which are lagging behind the reality as data is only reported periodically. They also fail to include incidents at suppliers like strikes, fires, or other disruptions. What if there was a way to screen a supplier and get historical information as well as any current risks up to the minute?

With the coronavirus crisis still looming over us, anyone in supply chain management will vividly remember the struggle of keeping up with production and operations as factories had to shut down and delivery routes seized up.
What if there was a solution which could pick up on all factory statuses and even give a risk prediction for coronavirus shutdowns?
What if you could already be prepared for the next crisis?

Purchasing departments’ daily bread and butter is the selection of new suppliers, the decisions are mostly based on financial data and supplier assessments. All of which are lagging behind the reality as data is only reported periodically. They also fail to include incidents at suppliers like strikes, fires, or other disruptions. What if there was a way to screen a supplier and get historical information as well as any current risks up to the minute?

Ease and Time of Setup

Upload your suppliers now and get started right away. Typical assessment providers will take years to get all your suppliers on board and require the participation of your suppliers.
With Prewave we will have you fully up and running in a matter of days.

vs

Other Providers

Period: 12 months
24,661 messages collected
18 Alerts reported

The Power of AI

How did these disruptions happen?

COVID-related disruptions were more likely to occur beyond tier 1:
The importance of knowing your suppliers’ suppliers was emphasised this year when respondents reported that

of COVID-related disruptions were due to disruptions in tier 2 and beyond. Although this year’s research shows, that organizations’ due diligence beyond tier 1 is improving, COVID-19 has served as a tool to uncover where the gaps in processes lie.

Source

Supply Chain Resilience Report 2021 - Business Continuity Institute

In an ideal world there would be a way to be informed of any risks that suppliers might face, ahead of time and down to the raw material. Welcome to the ideal world with Prewave: We use our AI technology to scour all publicly available information such as social media data, databases and more in order to find any and all risks affecting your suppliers. If something is going on, we will find it. Start monitoring your supply chain now.