News in brief

SGS buys stake in supply chain risk management platform

SGS acquires 20% stake in Transparency-One

SGS has acquired a 20% stake in a platform for supply chain visibility and risk management.

Transparency-One maps the supply chain, tracks compliance, and provides analytics to manage business risks. It helps companies interconnect and share product and facility data.

The investment coincides with the spinoff of Transparency-One from Trace One, a provider of private label product lifecycle management (PLM) software.

Founded by Jérôme Malavoy, Transparency-One has graph database technology combined with supplier onboarding services.

Driving factors

Consumers are demanding more information and accountability from brands and governments have responded with stringent regulations forcing more disclosure of product and supplier information.

Transparency-One said most brands know their immediate (Tier 1) suppliers but not the full supply chain down to the raw material and this opaque part is often where problems occur.

“Transparency means knowing the network of suppliers, ingredients/components, and facilities in the entire supply chain down to the raw materials. It means understanding the certification compliance, country of origin, and production environment at every stage in the process,” added the firm.

Francois Marti, EVP at SGS, said Transparency-One is a powerful platform for the industry.

"We believe the market will continue to digitize supply chain information to help diagnose and mitigate risks. The expertise that SGS can offer together with the Transparency-One platform will help ensure safe supply chains and protect our customers' brands.”

Chris Morrison, former chief marketing officer of Trace One, will become CEO of Transparency-One. 

"As an industry we're just beginning the journey of how supply chain risk management can impact brands and consumers. Having the financial support and domain expertise of SGS will help us execute our vision even more rapidly and broadly.”

Related News

Eurofins Scientific acquires Bureau de Wit

Eurofins makes third acquisition in a month

SGS invests in AgFlow; Ecolab in Aquatech International

SGS acquires stake in AgFlow

Metabiota plans add 2 or 3 customers this year to fine tune and develop the system. © iStock/LeoWolfert

Metabiota: Data platform helps surface critical issues

SGS did not reveal the price of the deal

SGS deal boosts official inspection capability

©iStock/Violka08

SGS acquires AXYS Analytical Services

©iStock/nightman1965

Transparency-One expands supply chain transparency software

©iStock/Temis

‘We are entering yellow in traffic light of risk management’ - Ecolab

Shaun Bossons at GFSI in Houston, Texas

Trace One urges firms to focus on the basics

The social network platform enables the supply chain to communicate in real time

SGS and Trace One partner for supply chain transparency

Picture: SGS

Investment in facilities and capabilities is not a one-off, says SGS

One finding from Trace One survey infographic

Trace One: Consumers concerned about safety and quality of foods

SGS said NGS DNA sequencing will tell you which meat species are in a hamburger in 1 test

SGS partners with Biopremier to grow NGS availability

Picture: Pixel Salad Studio and SGS SA

SGS sets out starting point for food safety plan

Related Products

See more related products

Submit a comment

Your comment has been saved

Post a comment

Please note that any information that you supply is protected by our Privacy and Cookie Policy. Access to all documents and request for further information are available to all users at no costs, In order to provide you with this free service, William Reed Business Media SAS does share your information with companies that have content on this site. When you access a document or request further information from this site, your information maybe shared with the owners of that document or information.