Supply chain News and trends

Investment in supply chain technology and risk management is rapidly increasing as efficiency and sustainability becomes more of a priority across business operations, and two artificial intelligence platform providers announced receiving funding for their systems this week.

Those concerns helped supply chain tech companies raise $24.3 billion in venture funding over the first three quarters of 2021, according to PitchBook, which was 58% more than all of 2020. AI-software providers o9 Solutions and Supply Wisdom are taking part in the growth with investments in their platforms.

Via EcoVadis

The European Economic and Social Committee (EESC) fully supports the Commission's recent measures aimed at setting standards for the definition of "sustainable economic activities", but points out that some elements may prove a complex and costly challenge, particularly for SMEs, and questions whether the current version of the Delegated Regulation is fit for purpose.

The EU needs efficient and urgent measures to reduce emissions and get to grips with climate change. To that end, the Sustainable Finance Package presented by the European Commission could establish a clear, coherent and comprehensive framework in which a greener economy can develop without lock-in effects.

Via EcoVadis