Sourcemap provides supply chain regulatory software solutions to help companies navigate complex supply chain regulations.

Sourcemap

Sourcemap is the supply chain transparency company: helping consumers and companies trace products to the source and ensure standards are met every step of the way. Founded in 2011 after the Tohoku Tsunami devastated supply chain worldwide, Sourcemap is committed to providing visibility across the world's most complex trade networks. Our software solutions help companies visualize their supply chains, discover indirect suppliers, measure risk, manage continuous improvement, track and trace individual products, and publish their supply chains online.

MIT Media Lab

The E14 Fund

Everywhere Ventures (The Fund)

The Fund

Energize Capital

Sourcemap: the Supply Chain Mapping Company

Investing in sustainability software is becoming essential as key trends drive the demand for greater supply chain visibility. These trends include regulations targeting forced labor, deforestation, and sustainability.

As supply chains grow more complex, companies need tools that automate processes, enhance data consistency, and digitize information and workflows.

Our latest blog explores why prioritizing supply chain transparency is crucial and how modern supply chain software can help your company stay compliant and competitive.

https://hubs.ly/Q02MbQG70

US and EU regulators are both cracking down on food imports suspected of involving forced labor, which extends to other products, including fresh fruit and frozen fish. Also, by the end of 2024, any company importing soy, beef, coffee, cocoa or palm oil needs to upload a map of all farms to the EU prior to customs clearance. 

This can prove challenging for the food industry because new regulations require companies to perform due diligence on their indirect suppliers. In a single brand’s supply chain, there are often tens of thousands of farms and processors.

Is your organization prepared for forced labor due diligence and/or EUDR? Read here about the special considerations food companies need to take to implement due diligence across their entire supply chain.

https://hubs.ly/Q02LqKt50

U.S. authorities are heightening scrutiny for human rights abuses in supply chains of the world’s most traded food commodity: seafood. Rapid growth has led to an increase in illegal and unregulated fishing, with many fishing vessels taking longer voyages meaning crews are left on board longer, which increases the risks of forced labor, child labor, and human trafficking of fishers sold into slavery — not to mention overfishing and other environmental misconduct.

This article discusses the importance of ethical sourcing in the seafood industry and how visibility into your organization’s supply chain can reduce the risk of non-compliance.

https://hubs.ly/Q02JdRQh0

We’ve reached a tipping point: supply chain visibility is no longer a nice to have. It’s a must.

Already, organizations importing goods into Canada and United States need to understand whether there is forced labor in their supply chain. By the end of this year, organizations must have deep insight into their supply chains to comply with the terms of the EU’s Deforestation Regulation (EUDR). Soon, a supply chain map will need to accompany every shipment that enters the EU. By 2026, the new US Customs portal will be active, and by 2027, the Corporate Sustainability Due Diligence Directive (CSDDD)  will go into effect.

Complying with the laws requiring visibility into supply chains isn’t easy. Supply chain maps can’t be a shallow evaluation of tier 1 suppliers only. Regulators expect your organization to have a fully vetted chain of custody down to the N tier of suppliers.

Read our quick blog for steps you should take to get supply chain visibility.  
Read now>> https://hubs.ly/Q02JdS_20

The beloved French furniture and home goods Maisons du Monde has selected Sourcemap’s award-winning supply chain regulatory software for compliance with the EU Deforestation Regulation (EUDR). The EU Deforestation Regulation, set to go in effect on December 30, 2024, has the most stringent supply chain mapping and monitoring requirements of any global due diligence regulation. 

"Maison du Monde has been committed to the preservation of trees for more than 10 years to improve the impact of our wood sector through, among other things, the purchase of certified or traceable wood; this new step and our collaboration with Sourcemap will allow us to go even further in the fight against deforestation," explained Hélène Guiet, Directrice Qualité et Offre Responsable chez Maisons du Monde.

Read the full release here>> https://hubs.ly/Q02JpLfy0

The EU has published additional details regarding the forthcoming EUDR Information System, also known as the Deforestation Due Diligence Registry.

The Registry allows operators, traders and their representatives to make electronic Due Diligence Statements, and submit them to the relevant authorities to show that their products do not cause deforestation, in compliance with the EU Deforestation Regulation.

Registration to use the system will begin in November 2024 and the system will be opened to all users in December 2024. Read the full article here>> https://hubs.ly/Q02JngGY0

The prevalence of forced labor and human trafficking in supply chains has drawn increased scrutiny from regulators in the United States and Canada. Understanding how to detect and address these risks is crucial for responsible businesses.

Read this 7 minute blog we wrote on 5 steps you can take to identify any high-risk suppliers in your supply chain and in alignment with both US and Canadian legal requirements.  

Read more here>> https://hubs.ly/Q02GDYL10

The Department of Homeland Security and Forced Labor Enforcement Task Force continues to evaluate and focus on additional industries as they move to reduce products produced using forced labor.  As part of that strategy, aluminum, PVC and seafood were added to the list of high priority sectors for forced labor enforcement. 

The updates are the first time FLETF has publicly identified new priority sectors since 2022.  Read more about what we have learned and steps to take to protect your brand here>> https://hubs.ly/Q02GDWPb0

The EU Commission hosted a multistakeholder meeting late last month on the EU Deforestation Regulation (EUDR). Sourcemap Policy Team has put together a recap of key takeaways from this meeting to give more insight on the timeline and structure of the EUDR implementation later this year.

Read more here>> https://hubs.ly/Q02GDYC60

It's not too late to register for our joint webinar with Origem Sustainable Sourcing on all things CSDDD tomorrow at 3PM CET.  Please note, this webinar will be in French.  Register now >> https://hubs.ly/Q02DlsVn0

msh id	COM:SOURCEMAP
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name	Sourcemap
homepage url	https://www.sourcemap.com
country	US
sector	Technology
industry	Supply Chain Management Software
market	PRIVATE
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