Sumitomo, Vodafone & Sony: Combatting Supply Chain Fraud

Sensos and Pairpoint are helping logistics companies to track goods at every stage of the supply chain
Pairpoint, co-owned by Vodafone and Sumitomo Corporation, and Sensos, founded by Sony Semiconductors, are collaborating to combat supply chain fraud

Supply chain fraud continues to rise worldwide, if recent statistics are anything to go by.

Research published in 2023 by Accuracy, the independent international consulting firm, found procurement fraud in the UK had jumped 13% year-on-year. 

Supply chain disruption, the cost-of-living crisis and the increased sophistication and volume of cybersecurity attacks were creating the “ideal breeding ground” for this variety of crime – and little has changed. 

Sensos and Pairpoint are combatting supply chain fraud

It’s why Pairpoint, an innovative Economy of Things (EoT) global platform co-owned by Vodafone and Sumitomo Corporation, and Sensos, a leading supply chain solution company founded by Sony Semiconductors, are strategically collaborating to combat supply chain fraud around the world. 

Enhancing trust across the supply chain ecosystem

The partnership between Sensos and Pairpoint brings together the former’s supply chain management solution with the latter’s EoT platform, allowing logistics companies to track their goods securely at every stage of the supply chain. 

Using Sensos’ cellular tracking labels and AI-powered control tower to detect supply chain anomalies alongside Pairpoint’s digital identity, trust and transactional platform, all items’ movements – from port departures to final deliveries – can be securely and immutably recorded. 

These goods are then authorised to make automated payments using blockchain technology and smart contract capabilities. 

Jorge Bento, CEO at Pairpoint

“We’re excited to work with Sensos to bring EoT capabilities to the wider supply chain sector,” comments Jorge Bento, CEO at Pairpoint. 

“There are billions of parcels and pallets operating across supply chains, and this partnership has huge potential to make them intelligent and equipped for e-commerce through globally connected cellular labels and the Pairpoint platform.”

Pairpoint’s secure technology overlays Sensos’ highly reliable, real-time supply chain management solution through the Pairpoint-enabled iSIM and device agent software embedded into a smart label. 

Every logistic transaction is then verifiable, transparent and resistant to tampering, effectively combatting fraud and enhancing trust across the supply chain ecosystem.

Aviv Castro, CEO at Sensos

“This collaboration represents a major step towards a more resilient and trustworthy supply chain ecosystem,” continues Aviv Castro, CEO at Sensos.

“By integrating Pairpoint’s blockchain technology with our AI-powered control tower, we are empowering businesses with unprecedented security over their supply chains, and by proxy granting them more business agility that translates into bottom-line savings.”

Countless benefits to Sensos-Pairpoint partnership

The benefits of Sensos and Pairpoint’s partnership extend beyond fraud prevention. 

Youtube Placeholder

This combined solution, which is being piloted at several sites in the US and Europe in cooperation with the global logistics operator Unilog, part of the ICL Group, also:

  • Enables automated logistic transactions
  • Streamlines proof-of-delivery processes
  • Facilitates seamless asset sharing through smart contracts
  • Supports vendor-managed inventory initiatives
  • Optimises Industry 4.0 manufacturing audits. 

It’s a holistic approach that enhances security and reliability, while driving operational efficiency and cost savings for businesses across multiple industries.

“We believe technology underpins superior supply chain management together with deep insight and a strong solution,” adds Osi Tagger, CEO at Unilog.

“By navigating across numerous partners, we can deliver a seamless set of robust services for customers that build on the strong Sensos and Pairpoint alliance.”

******

Check out the latest edition of Supply Chain Magazine and sign up to our global conference series – Procurement and SupplyChain LIVE 2024

******

Supply Chain Digital is a BizClik brand.

Share

Featured Articles

Procurement & Supply Chain LIVE Announces Chicago Event 2025

Procurement & Supply Chain LIVE heads to the US with its Chicago event in 2025, co-located with Sustainability LIVE and Manufacturing LIVE

Mars Snacking's Amanda Davies on Sustainability at P&SC LIVE

Amanda Davies, Chief R&D, Procurement and Sustainability Officer at Mars Snacking, discusses sustainable futures

DP World: Delivering the ICC Men’s T20 Cricket World Cup

Logistics giant DP World is among the companies playing a key role in the delivery of the ICC Men’s T20 Cricket World Cup hosted by the USA and West Indies

FuturMaster: Unlocking Untapped Potential in Supply Networks

Operations

Why you Should Automate your Supply Chain Analytics

Digital Supply Chain

P&SC LIVE New York welcomes Amanda Davies, Mars Snacking

Sustainability