TrusTrace launches AI-powered supply chain data hub to simplify traceability
TrusTrace, a leading provider of traceability and compliance data management solutions, announced the release of its AI-powered supply chain data hub on Tuesday. This significant upgrade to the company’s platform aims to streamline the collection, centralization, and analysis of supply chain and traceability information for brands and manufacturers of all sizes.
According to TrusTrace, supply chain data has long been fragmented, incomplete, and unverifiable, exposing companies to hidden risks. The new platform upgrade addresses these challenges by consolidating supplier-provided, brand-owned, and third-party data using advanced AI technology. This approach enhances data reliability and insight quality, allowing businesses to base their decisions on comprehensive, validated information rather than incomplete or inaccurate data.
The upgraded platform offers several key benefits, including seamless data reuse, which significantly improves operational efficiency. It enables brands to gather, structure, and share supply chain and traceability data effortlessly, covering everything from supply chain mapping and certifications to chain of custody records and regulatory compliance documents.
Moreover, the platform is designed to identify hidden risks within the supply chain, assess their potential impact, and address them before they escalate. This provides companies with a continuously updated view of actual risks and their severity across the entire supply chain.
TrusTrace’s new solution also moves businesses beyond reactive, check-the-box compliance to a scalable compliance framework. This framework stores and packages existing data, making it readily available for any regulatory or reporting needs. Gaps in compliance are automatically identified and addressed, ensuring that companies stay ahead of regulatory requirements.
The platform is scalable and can be adapted to meet the needs of any supply chain, regardless of its complexity or size. This makes it an invaluable tool for businesses looking to enhance their supply chain management and traceability efforts.
TrusTrace, based in Stockholm, Sweden, has a global presence with offices in India, France, Germany, and the US. The company is committed to providing innovative solutions that help businesses achieve transparency and compliance in their supply chains. Launching this AI-powered supply chain data hub marks another step forward in TrusTrace’s mission to revolutionize how companies manage and utilize supply chain data.
