Tradeshift Joins FRDM to Launch App to Help Address Slavery in Supply Chains

App approach marks a breakthrough in making it easier for more
businesses to take a proactive stance on human trafficking

SAN FRANCISCO–(BUSINESS WIRE)–As human trafficking continues to plague communities worldwide,
Tradeshift, the leader in supply chain payments and marketplaces, has
partnered with FRDM (formerly Made In A Free World) to announce today
plans to help businesses detect and mitigate human trafficking in their
global supply chains. The FRDM-developed app, built on the Tradeshift
platform, enriches the entire Tradeshift ecosystem by allowing any
business on the Tradeshift platform to simply turn on the app to start
monitoring human trafficking. For many businesses, FRDM makes 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.

The FRDM-developed app allows companies to proactively create an early
detection of supply chain risk in human trafficking. It brings the most
comprehensive forced labor database analytics capability to Tradeshift’s
innovative supply chain network, without requiring customers to manually
integrate their procurement solution with the database. As an app, it is
easy to activate and use on day one, requiring no integration.

The app is specifically designed to analyze purchase data, atomize
risks, and protect corporate values while ensuring compliance with
international regulations. With FRDM, Tradeshift users can trace and
monitor social risks at every level of their supply chain, from raw
materials to finished goods. The application 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.”

With an
estimated 16 million slave laborers
layered into global supply
chains, legislation from the US to the UK to Australia requires
businesses to provide transparency into their operations by reporting on
the actions they are taking to address modern slavery in their business
and 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.”

About Tradeshift

Tradeshift drives supply chain innovation for the digitally connected
economy. As the leader in supply chain payments and marketplaces, the
company helps buyers and suppliers digitize all their trade
transactions, collaborate on every process, and connect with any supply
chain app. More than 1.5 million companies across 190 countries trust
Tradeshift to process over half a trillion USD in transaction value,
making it the largest global business network for buying and selling.
Discover commerce for all at tradeshift.com.

About FRDM

FRDM is a supply chain risk analysis and monitoring platform designed to
monitor Environmental, Social, and Governance risks within supply
chains. FRDM is the only platform offering end-to-end risk optics
including: primary inputs, products, product categories, and suppliers.
Customers can explore their company’s risk through intuitive data
visualizations and push alerts via the FRDM dashboard. FRDM assists with
reputation management, regulatory compliance, and risk mitigation
against challenges like forced and child labor in supply chains. FRDM
helps companies buy better by building a values-aligned supplier
network. frdm.co

Contacts

Dave Pedersen
Dave.Pedersen@tradeshift.com