Press Release

Supply Wisdom Announced as a 2022 Future of Sourcing Award Winner

Written by Supply Wisdom Team

Future of Sourcing
Leading Third-Party Risk Intelligence Firm Recognized for Transformative ESG solution for Third-Party Management

New York, NY – October 27, 2022 – Supply Wisdom, the leader in continuous risk intelligence and actions, has been named the 2022 Future of Sourcing Winner in Third Party Management by Sourcing Industry Group (SIG), the premier membership organization for sourcing, procurement, outsourcing, and third-party risk executives.

“We are grateful to SIG for this recognition of our accomplishments and also of the criticality of ESG visibility in Third Party Management,” said Atul Vashistha, Founder and Chairman of Supply Wisdom. “Increased attention to ESG by boards, consumers, regulators, and employees means that leaders and their teams have a critical need for radical transparency into the ESG status of their suppliers and the locations from which they operate. Leveraging the latest technological advancements, Supply Wisdom provides not only the deep and current visibility needed but also a solution for swift mitigation, enabling companies to stay ahead of supply chain disruptions.”

Supply Wisdom was selected as a winner for its innovation in ESG risk monitoring. Its transformative ESG solution, which continuously monitors leading global standards-based ESG risk factors for companies and locations, provides real-time ESG risk intelligence in terms of metrics, ratings, and alerts. This intelligence can be leveraged throughout the entire third-party lifecycle, from procurement and sourcing to ongoing governance and risk management. ESG is one of seven risk domains that Supply Wisdom covers continuously.

“This past year, procurement and sourcing teams have dealt with some of the most difficult challenges this industry has ever seen. The Future of Sourcing Awards are a recognition of the talent and innovation that has helped the sourcing and procurement industries overcome disruption and excel amidst rising inflation and risk,” said Dawn Tiura, President and CEO of SIG.

The Future of Sourcing Awards recognize outstanding organizations and individuals that are transforming, leading, and innovating in categories critical to the sourcing and procurement industry. Applications were judged and selected by a prestigious panel in separate teams and individual categories.

SIG announced the winners of the Future of Sourcing Awards at its Global Executive Summit in Palm Springs, California, on October 19th, 2022.  For more information, including a complete list of the other winners, please visit https://futureofsourcing.com/sig-announces-winners-of-the-2022-future-of-sourcing-awards

About Supply Wisdom®

Supply Wisdom is how companies can finally stay ahead of supply chain disruptions. With today’s dynamic risk landscape, companies face endless unknowns in their supply chains and limited resources to act on them. From natural disasters and compliance issues to bankruptcies and cyber vulnerabilities, companies lacked a clear picture of all risks and the resources necessary for effective action.

Now Supply Wisdom’s always-on monitoring solution provides the most comprehensive real-time risk intelligence and triggers automated risk actions, so companies always have a clear picture of all risks and an efficient solution for swift mitigation. Now it’s all clearSM

For more information, visit www.supplywisdom.com.

Follow us on LinkedIn, www.linkedin.com/company/supplywisdom.

CONTACTS:

Media: Victoria Stevenson, Corporate Ink for Supply Wisdom, supplywisdom@corporateink.com

Investors: Sara Hauenstein, Supply Wisdom, 212-547-9481, sara@supplywisdom.com

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