TrusTrace has launched an upgraded AI-powered Forced Labor Prevention (FLP) Solution. It is designed to help brands proactively map out supply chains, screen them for risk, and efficiently gather evidence for regulatory compliance.
The FLP solution combines AI capabilities to manage large quantities of data from complex supply chains with a scalable collection of primary data per purchase order, which is screened and validated for risk. This ensures that brands have validated evidence at a product and shipment level regarding the presence of forced labor.
According to TrusTrace, the solution's key benefits include collecting primary data directly from suppliers for detailed and reliable information, proactively screening data against risk databases like the US Customs and Border Protection (CBP) entity list, and providing brands with a proactive approach to tackle forced labor and other supply chain challenges.
Analyst QuickTake: In recent years, TrusTrace has been focusing on growth and expanding its capabilities. As such, in January 2024, the company raised USD 24 million for this purpose.
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