Home » Industry » Supply Chain Services

Supply Chain Services

Bertelsmann Plans Further Investments in Brazil, India and China

Bertelsmann continues to invest in its strategic growth regions of Brazil, India and China: The portfolio in the three countries, which has been increasingly concentrated on growth businesses over the past few months, will be further expanded. Besides developing existing activities, the main focus will be on investing in media content and the education  sector. They recently opened the new Bertelsmann ... Read More »

CRIF and Bohai Credit enter into a strategic partnership to help solve the financing problems of Chinese enterprises

CRIF signed a collaboration agreement with Bohai Credit, a credit information company operating under HNA USOLV, a subsidiary of HNA Group, with the objective of building a supply chain finance platform to help micro, small and medium-sized enterprises in China to access credit, and manage the high costs of financing and the risk of over-indebtedness. By capitalizing on CRIF’s solid ... Read More »

Companies are Sinking in Risk: Thomson Reuters 2016 Global Third Party Risk Survey

Many companies are struggling to monitor risks posed by their suppliers, distributors and partners due to internal pressures, lack of actionable data and insufficient attention to potential consequences Global companies are opening themselves up to greater risk including bribery and corruption and modern day slavery by conducting due diligence on just 62 percent of their suppliers, distributors, and third party ... Read More »

Dun & Bradstreet and Rosslyn Data Technologies in Partnership

Dun & Bradstreet and Rosslyn Data Technologies Partner to Provide Self-Service Data and Analytics to Procurement Professionals. Cloud-based platform offers near real-time analysis for actionable insight Focused on ensuring business leaders have timely access to mission-critical data to make informed decisions, Rosslyn Data Technologies, and Dun & Bradstreet, announced that they will partner to provide procurement professionals with self-service insights ... Read More »

China Cross-border Trade Boosted with New Scheme

Greater Information Sharing between Chinese Government Institutions A trade credit incentive mechanism was jointly unveiled by Chinese authorities recently to promote the credibility and standard of Chinese enterprises in carrying out cross-border business and boost international trade. The General Administration of Customs, National Development and Reform Commission (NCRC) and Bank of China (BOC) jointly initiated the credit incentives program by ... Read More »

Thomson Reuters Launches TRAC to Combat Trade Based Money Laundering

First of its kind end-to-end solution offering holistic risk management of trade finance as trade based money laundering becomes a growing global problem Thomson Reuters announced the launch of TRAC, its new anti-money laundering solution to combat trade based money laundering (TBML) and drive transparency and efficiency across trade finance. TRAC is now available in Singapore and Hong Kong: release ... Read More »

Supply Chain Disruption: Hurricane Matthew Closes 50% of East Coast Port Handling

As Hurricane Matthew approaches landfall at Cape Canaveral, hurricane force winds are set to run through the coasts of Florida, Georgia and South Carolina. Port closures are taking place for all the major Florida ports, Charleston and Savannah. The ports across the three states accounted for 18.3% of U.S. container import shipments according to and 49.8% of east coast and Gulf of Mexico imports in September according ... Read More »

Blockchains for Supply Chain Transparency

BIIA’s Recommended Weekend Reading:  This is an interesting example of a Blockchain application which was sent to BIIA by Provenance The global system of trade and commerce that sits behind our purchases is rarely something we think about, yet it spans the earth and impacts the wellbeing of people and environments.  Provenance was established to enable trusted transparency of key ... Read More »

Kompany and Tradeshift Announce Partnership to Automate Know- your-customer (KYC) and Know-your-business (KYB) Verifications

Kompany and Tradeshift have partnered to provide Tradeshift’s global customers with the tools and authoritative company data needed to reduce the time and costs associated with supplier verification.  This will allow for up to 90% reduction in total cost and risk exposure compared to traditional services. As part of the cooperation, kompany will enable the Tradeshift platform via an app ... Read More »

Supply Chain Startup Fluent Raises $1.65 Million in Seed Funding

Fluent, a blockchain startup dedicated to supply chain applications, has raised $1.65m in new seed funding. Fluent, which last year raised roughly $850k from a group of investors that included mass media corporation Thomson Reuters and Silicon Valley VC fund Draper Associates, is one of several startups in the blockchain space today working on supply chain applications. The concept of using ... Read More »

Blockchain:  Thomson Reuters Exec Believes There Will Be ‘Thousands’ of Uses

Thomson Reuters has made two significant moves in the blockchain sector.  In late March the firm had begun contributing to the Hyperledger project, an open-source blockchain initiative led by the Linux Foundation. The project boasts support from high-profile technology and financial firms as well as a number of blockchain-focused startups, and has attracted significant attention for its bid to bring the tech ... Read More »

Dun & Bradstreet: New Global Supply Chain Solution Helps Companies Identify Human Trafficking

First Human Trafficking Risk Index that Provides Visibility into a Company’s Family Tree and Corporate Linkages Helps Prevent Key Procurement and Related Reputational Risks In a hyper-connected global economy, where businesses and consumers increasingly make decisions based upon brand reputation and responsible corporate practices, companies large and small need increased visibility into the multiple layers of their supply chain to ... Read More »