Craft, a company specializing in supply chain resilience, has launched a new supplier risk management solution. It is designed to aid organizations in maintaining compliance and preventing supply chain disruptions.

The new solution includes over 1,300 data streams covering various risk categories like financial, compliance, cybersecurity, and geopolitical. It also has third-party data verification, foreign influence data, configurable portfolios, N-tier mapping, and AI-integrated risk alerts. The features are delivered in four modules that can be easily configured to align with the risk priorities of businesses.

Craft claims that the solution provides a comprehensive view of risk across a supplier's network, allowing organizations to identify and manage risks proactively. The platform also has provisions for enterprise-wide analysis and collaboration, promoting improved visibility, communication, and risk mitigation.

Craft is a supplier intelligence platform that enhances organizations' supply chain resilience and risk management. The company leverages a proprietary data platform that enables supply chain and procurement professionals to efficiently discover, evaluate, and monitor suppliers, as well as proactively manage associated risks. 

Analyst QuickTake: Recently, several startups have been focusing on delivering supplier risk management solutions to enhance supply chain resilience. Earlier this month, Exiger launched the proactive intelligence capability for predictive risk analytics. The service offers complete and accurate supplier data and predictive analytics to support organizations in navigating through a constantly evolving risk landscape.