Stockholm-based global SaaS company TrusTrace, which offers a unique product traceability and supply chain compliance platform for the fashion and retail industries, announced the launch of its updated, AI-powered Forced Labor Prevention (FLP) solution that will help brands proactively map supply chains, screen them for risk and efficiently collect evidence of compliance.
At the launch, Shameek Ghosh, CEO of TrusTrace, clarified that transparency and ethical practices in supply chains are non-negotiable. “Ensuring that forced labor has no place in our global economy is critical, and with our solution, brands can proactively and confidently lead the way in this imperative transformation, instead of merely ensuring they have a solution for the release of detained shipments,” he said. “With a proactive approach to supply chain data brands can be in the drivers’ seat not only for tackling forced labor but for multiple supply chain challenges, as well as opportunities, something that leading brands are already doing today.”
FLP uniquely combines AI’s power to manage large volumes of data from complex supply chains with a scalable collection of primary data per order that is risk-assessed and validated to ensure brands have validated evidence at product and shipment levels. The solution collects primary data directly from suppliers to ensure detailed and reliable information about facilities, products and materials. The data collected by the TrusTrace solution is specific to the context of the products being traced, unlike solutions that utilize third-party data that can bring in large amounts of irrelevant information from multiple sources, creating “noise” that can obscure critical insights and quickly become unmanageable. TrusTrace has traced more than two million orders to date and tracked more than 55,000 suppliers and facilities worldwide, demonstrating its ability to automate primary data collection at scale. The data is proactively screened for risk against the US Customs and Border Protection (CBP) list, and the solution can be integrated with any relevant risk screening database.
TrasTrace emphasizes in the updated solution that AI-powered supply chain creation and document capture provide speed, accuracy and cost savings, making it quick and easy to navigate the supply chain and keep compliance documentation up to date. FLP solution can classify, extract and translate large volumes of documents in over 100 languages, facilitating the creation of a digital chain of custody and transforming traditionally time-consuming manual processes, increasing efficiency and reducing the likelihood of human error.
More information can be found at www.trustrace.com.
