Everstream Analytics and Slave-Free Alliance (SFA) have partnered to protect global supply chains against modern slavery. Everstream brings multi-tier supplier discovery and AI-powered risk monitoring, while SFA provides forced labor intelligence. Together, they aim to expose and eliminate these risks and enhance supply chain capabilities. Modern slavery affects 50 million people worldwide, and its complexity makes supply chains vulnerable. Over forty percent of these victims are imprisoned in upper-middle-income to high-income nations, highlighting the universality of this issue. Everstream is committed to eradicating this issue as SFA's global strategic and exclusive technology partner.
According to Slave-Free Alliance, 77% of companies expect to find modern slavery in their supply chains.
The intricate and opaque nature of contemporary global supply networks exposes companies to substantial risks of forced labor. Within the United States, the Uyghur Forced Labor Prevention Act, the German Supply Chain Due Diligence Act, and the imminent EU Supply Chain Law establish a framework in which manufacturers bear responsibility for any instances of exploitation within their supply chains, irrespective of their prior awareness of such occurrences. Noncompliance may lead to hefty fines and reputational harm. This strategic partnership empowers enterprises with deeper visibility into potential risks and facilitates swift issue resolution, ensuring compliance with evolving regulations.
Tim Nelson, CEO of Hope for Justice and Slave-Free Alliance, commented,
This partnership will advance our ultimate goal of bringing an end to modern slavery in supply chains. With the help of Everstream's technology and our team of forced labor experts, we will create global strategies and provide thoughtful solutions to protect people and supply chains from the threat of modern slavery.
[Source – Business Wire]
Everstream and Slave-Free Alliance's collaborative efforts extend beyond their partnership. They are committed to sharing their insights and expertise on modern slavery risks and mitigation strategies at prominent events like the Organization for Security and Co-operation in Europe (OSCE). With this partnership, the two companies will empower organizations globally to construct ethical and compliant supply chains while contributing to the fight against modern slavery. By combining their resources and knowledge, Everstream and SFA are dedicated to significantly impacting this critical issue and helping companies uphold the highest ethical standards in their operations.
About Everstream Analytics
Everstream Analytics, a leading force in the global supply chain, is committed to redefining industry standards. By harnessing artificial intelligence and predictive analytics capabilities, Everstream Analytics empowers businesses with insights and risk analytics, glorifying an era of innovative and environmentally conscious supply chain practices. Its renowned solution seamlessly integrates with procurement, logistics, and business continuity platforms, providing a comprehensive information ecosystem and astute analysis. Leveraging a vast proprietary dataset, Everstream Analytics ensures precise predictions, enabling businesses to optimize their supply chains and transform them into invaluable business assets.