A leader in global supply chain payments and marketplaces has partnered with a technology solutions provider to better highlight and mitigate the challenges of human trafficking in the supply chain.
Tradeshift has announced this week that it has partnered with FRDM (formerly Made in a Free World) to collaborate on the FRDM application, helping businesses all over the world proactively create an early detection of supply chain risk in human trafficking. Leveraging Tradeshift’s platform, FRDM brings together spend and supply chain data and analyses risks and compliance to allow users to better trace and monitor every stage of their supply chain ecosystems. FRDM combines global trade flow data with supplier and purchase level details to provide enterprises with multi-tiered visibility.
“We provide a platform for a community of businesses and consumers to buy better through the use of FRDM,” said Justin Dillon, CEO of FRDM. “This idea started in 2011 when the organization I founded partnered with the U.S. State Department to build the Slavery Footprint platform, combining product data with consumer purchase data to provide footprints of close to 30 million people worldwide. In joining with Tradeshift, we aim to make these tools available to the world’s most influential corporations. Consumers, investors, and governments expect companies to act on this.”
FRDM is designed to make it ‘far easier for internal stakeholders--like Chief Sustainability Officers--to persuade CIOs, CPOs, and CMOs to start treating supply chain slavery as an essential corporate medicine to take for the health of their entire supply chain’.
“No company ever says that slavery-based revenue is OK,” said Tradeshift CEO Christian Lanng. “But companies still don’t take action because it’s just too complicated to marry the analytics with the purchasing decisions. We believe that making this step frictionless is not just a compliance question from a business operations perspective, but, more importantly, a fundamental moral issue. And it’s one that must be resolved. We can help do that and this partnership is confirmation of our commitment.”