Supply Chain Due Diligence: Rapid affordable global location-based ESG screening at a strategic level
It is becoming increasingly important to understand not only the operational locations of a business but also where they source supplies from. Sourcing supplies from locales that have serious human rights abuses, environmental degradation or government corruption can not only run afoul of new regulations, such as the German Supply Chain Due Diligence Act, but also lead to severe reputational damage.
In conversations with our customers and partners in the sustainability consulting, legal and financial services markets, we have heard numerous areas of concern, but one of the most important is how do they quickly screen hundreds, if not millions, of supply chain locations to identify the risks and opportunities?
At the moment, this process is very manual, time consuming, costly and confusing as its not their core business to reconcile hundreds of different data sets in different formats, interpret them and make them comparable between locations. Furthermore, these data sets are updated at differing frequencies, some daily, weekly, monthly, annually, etc… making it near impossible to stay updated with the most recent and relevant information in a systematic manner that is cost effective.
At 7 Satya, we have developed a product suite that does just that. By providing consultants, lawyers, business managers and investors with a fast affordable way to screen up to millions of supply chain locations in a fast, affordable, comparable and understandable way that removes the complexity and provides the scale they need to handle larger clients. We combine hundreds of data sets to provide location-based environmental, social and geopolitical insights for any location on the planet giving them the insights they need to focus their energies on the most relevant risks and opportunities across all supply chain locations (tier 1, 2, 3 and 4).
To find out more about how we can help, please get in touch.