SAN FRANCISCO, CA—December 11, 2024 — Food Logistics, the only publication exclusively dedicated to covering the movement of product through the global cold food supply chain, and Supply & Demand Chain Executive, the only publication covering the entire global supply chain, named Craft as one of the winners of this year’s Top Software & Tech award, which spotlights new-to-market software and technology solutions designed to provide automation, efficiency and visibility to the supply chain space.

“Automation, sustainability, smart technology, supply chain optimization and risk management were the major themes of this year’s new software and technology solutions. These new products and enhancements are upping the ante in modernizing how product moves through the chain, and I appreciate everything this year’s winners do to ensure the safety, security and sustainability of our supply chains,” says Marina Mayer, Editor-in-Chief of Food Logistics and Supply & Demand Chain Executive.

“We are honored to receive this recognition as one of the top innovators in software and technology in the highly competitive supply chain visibility awards category,” said Austin Chang, chief product officer, Craft. “This award reflects the hard work and dedication of our team in creating solutions that empower businesses to build resilient, transparent, and agile supply chains. As supply chains become increasingly complex, our mission to provide actionable insights and drive smarter decision-making is more critical than ever. We’re excited to continue shaping the future of supply chain intelligence with our groundbreaking technology.”

Today’s news is the latest in a series of announcements highlighting several key strategic initiatives and milestones for Craft in the second half of 2024, including the launch of Craft’s new platform functionality, being named “Top 50 Providers to Watch” and “Value Leader” by Spend Matters, Craft’s appointment of Austin Chang as chief product officer, and the expansion of Craft’s federal government contracts with the addition of The Department of Energy, among many others. To learn more, visit Craft’s newsroom.    

See the full list of winners.

About Food Logistics and Supply & Demand Chain Executive

Food Logistics reaches more than 26,000 supply chain executives in the global food and beverage industries, including executives in the food sector (growers, producers, manufacturers, wholesalers and grocers) and the logistics section (transportation, warehousing, distribution, software and technology) who share a mutual interest in the operations and business aspects of the global cold food supply chain. Supply & Demand Chain Executive is the only supply chain publication covering the entire global supply chain, focusing on trucking, warehousing, packaging, procurement, risk management, professional development and more. Food Logistics and Supply & Demand Chain Executive also operate SCN Summit and Women in Supply Chain Forum. Go to www.FoodLogistics.com and www.SDCExec.

About IRONMARKETS 

IRONMARKETS, formerly known as AC Business Media, is a leading business-to-business media and buyer engagement platform with a portfolio of renowned brands in heavy construction, asphalt, concrete, paving, rental, sustainability, landscape, manufacturing, logistics, and supply chain markets. IRONMARKETS delivers relevant, cutting-edge content to its audiences through its industry-leading digital properties, trade shows, conferences, videos, magazines, webinars, and newsletters. It also provides advertisers the analytics, data, and ability to reach their target audience. Learn more at https://www.iron.markets.

About Craft

Craft illuminates the path to global supply chain resilience. It empowers businesses to strengthen their supplier networks and supply chains with the industry’s most reliable and comprehensive data fabric and advanced risk mitigation engine. Craft’s, award winning, user-friendly AI platform offers 360-degree visibility to explore and evaluate supplier networks, AI-driven insights to detect and mitigate disruptions, and collaborative tools to enhance supply chain strategies. Procurement and supply chain professionals can confidently navigate regulatory environments, adhere to ethical standards, and ensure business continuity. Headquartered in San Francisco, CA, Craft assists commercial and governmental organizations worldwide in creating more resilient supply chains. For more information about Craft, visit www.craft.co.

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SAN FRANCISCO, CA – December 4, 2024 – Craft, the award-winning supply chain resilience company recognized by users and analysts for its ease of use, today announced the release of advanced features to tailor the user experience, boost intelligence, and increase personalization, to enhance risk protection, regulatory compliance, and further enable supply chain resilience.

“AI advancements in our platform give companies a complete, intuitive view of supplier risks, that adds intelligence across their enterprise functions, boosting agility and enabling faster, confident decision-making,” said Austin Chang, Chief Product Officer at Craft. “We focus on delivering a user-friendly supply chain resilience solution that offers actionable insights and comprehensive support around people, process, and technology, with best-practice guidance to ensure success.”

As the industry’s easiest-to-use platform, Craft simplifies traditionally complex tasks with google-like search instead of reliance on advanced queries, scaled supplier evaluations (up to 1,000 suppliers) with the click of a button, aggregate risk views, with quickly scannable risk scores, side-by-side supplier comparisons across all supplier metrics, configurable alerts that eliminate noise and improve relevancy, and robust company profiles “out of the box” so users see value on day one.

New capabilities include:

• Advanced search enhancements by keyword and location for improved relevance and precision 
• Supplier trend tracking over time with saved keyword settings
• Improved experience with updated supplier profiles and streamlined case management notifications to surface what is most important
• Expert-driven workshops, resilience and maturity assessment guides, and supplier risk management best practices to ensure implementation success

“Craft has transformed our approach to supplier risk management with its intuitive platform, delivering speed to value across our supplier engagements. The ease of use allows our teams to simply access real-time insights, enabling quicker, data-driven decision making and stronger collaboration across departments”, said Gary Wright, Procurement & Workplace Experience Director at Skyscanner. “With Craft we’ve been able to enhance our supplier resilience strategy, empowering our team to proactively manage risks and drive sustainable growth.”

Supply chain resilience technology has become a top priority for companies with the ever-increasing frequency of risk events, averaging 17 events annually. According to industry analysts, companies that invest in supply chain resilience technologies saw a 23% revenue increase from 2018 to 2023, versus 15% for those that did not. However, adoption of the technology is often slow, taking months to set up and deliver value. Procurement and supply chain teams tasked with vetting and monitoring hundreds, to thousands of suppliers, across myriad risk categories while navigating a complex regulatory landscape need solutions that pay off from day one. Whether they are getting ahead of supply chain disruptions, or moving suppliers out of China, they need intelligent solutions that deliver value quickly. Craft continues to simplify the user experience, speed up deployment and provide rapid value in detecting risks and opportunities in the supplier ecosystem. 

Today’s news is the latest in a series of announcements highlighting several key strategic initiatives and milestones for Craft in the second half of 2024, including being named “Top 50 Providers to Watch” and “Value Leader”by Spend Matters, Craft’s appointment of Austin Chang as chief product officer, and the expansion of Craft’s federal government contracts with the addition of The Department of Energy, among many others. To learn more, visit Craft’s newsroom.    

About Craft

Craft illuminates the path to global supply chain resilience. It empowers businesses to strengthen their supplier networks and supply chains with the industry’s most reliable and comprehensive data fabric and advanced risk mitigation engine. Craft’s, award winning, user-friendly platform offers 360-degree visibility to explore and evaluate supplier networks, AI-driven insights to detect and mitigate disruptions, and collaborative tools to enhance supply chain strategies. Procurement and supply chain professionals can confidently navigate regulatory environments, adhere to ethical standards, and ensure business continuity. Headquartered in San Francisco, CA, Craft assists commercial and governmental organizations worldwide in creating more resilient supply chains. For more information about Craft, visit www.craft.co.

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SAN FRANCISCO, CA – OCTOBER 23, 2024 – Craft, the supply chain resilience company, is proud to announce the launch of its Advisory Board with appointments of senior leaders and industry luminaries with deep technology, procurement, and supply chain experience across key global market sectors.  Craft’s advisory board will provide strategic guidance and support to enhance Craft’s supply chain resilience offerings, advance its market position, and help drive continued growth and innovation.

Craft’s Advisory Board members include:

• Chris Caine: President of the Center for Global Enterprise and former vice president at IBM
• Karen Evans: Managing director at the Cyber Readiness Institute and former chief information officer at Department of Homeland Security
• Mike Corbo: Former chief supply chain officer at Colgate-Palmolive, member of the board of directors at WK Kellogg Co
• Roger Goulart: Executive vice president of alliances and business development at Coupa, former vice president of alliances at SuccessFactors, Salesforce, and Okta
• Sasha Pailet Koff:  Former senior vice president, supply chain data analytics and automation at Dell Technologies and serves as co-chair of the Digital Supply Chain Institute (DSCI). Former vice president, supply chain technology at Johnson & Johnson 
• Elvire Régnier-Lussier: Former global vice president at Unilever, former chief purchasing officer at L’OCCITANE Group, and serves as ambassador of the UNESCO chair towards a culture of economic peace

“Today marks a significant milestone for Craft — it underscores our dedication to leadership in supply chain resilience and to our commitment in helping customers address key challenges across a wide spectrum of risk domains including foreign influence, cybersecurity vulnerability, financial stability, ESG, and regulatory compliance,”  said Ilya Levtov, CEO of Craft.  “The advisory board’s extensive leadership and global management experience will serve as a valuable resource as Craft moves into its next phase of growth.  We are honored to welcome such a distinguished group of industry leaders and look forward to advancing the industry together.” 

“Advanced technologies like AI are reshaping supply chain operations.  With this comes tremendous opportunity to impact procurement strategies and resilience.  Craft is well positioned to lead the future of supplier risk management by providing advanced technologies that deliver the strongest data foundation, risk monitoring, and collaborative workspace to gain greater visibility into supplier risk and optimize value chain strategies across teams,” said Sasha Pailet Koff, newly appointed Craft advisory board member.   “With Craft’s insight and emerging solutions, procurement and supply chain teams will have the potential to evolve into strategic partners, enhancing resilience across the entire enterprise.  I’m thrilled to work with Craft and my fellow advisory board members to help shape this new era of modern supplier risk management.”

Craft is the intelligent supply chain resilience platform that enables organizations to know your suppliers, protect against disruptions; and optimize supply chain strategies. With Craft organizations can confidently navigate regulatory environments, uphold ethics, and drive business continuity and growth. 

For more information about Craft.co and its new Advisory Board, please visit www.craft.co or contact press@craft.co .  

About Craft.co
Craft illuminates the path to global supply chain resilience. It empowers businesses to strengthen their supplier networks and supply chains with the industry’s most reliable and comprehensive data fabric and advanced risk mitigation engine. Craft’s user-friendly platform offers 360-degree visibility to explore and evaluate supplier networks, AI-driven insights to detect and mitigate disruptions, and collaborative tools to enhance supply chain strategies. Procurement and supply chain professionals can confidently navigate regulatory environments, adhere to ethical standards, and ensure business continuity. Headquartered in San Francisco, CA, Craft assists commercial and governmental organizations worldwide in creating more resilient supply chains. For more information about Craft, visit www.craft.co.

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SAN FRANCISCO, Oct. 09, 2024 (GLOBE NEWSWIRE) — Craft, the supply chain resilience company, today announced its risk management platform was selected by the United States Department of Energy (DoE) to provide risk assessments for companies that apply for awards and loans through the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. The collaboration is part of a larger effort to protect U.S. energy infrastructure, technology, intellectual property, and federal investments from hostile foreign nations and influence.

Currently, more than 500 employees across 61 federal government organizations use the Craft platform in support of the SBIR program to enhance their due diligence practices. The DoE’s Office of Research, Technology & Economic Security is the latest agency to use Craft to conduct due diligence on SBIR award applicants. This formerly manual process is now completed quickly and accurately and supports compliance with the U.S. SBIR And STTR Extension Act of 2022. With Craft, the DoE can discover foreign ownership and associations across myriad data points including patents, licensing, board seats, politically exposed people, investor locations, blocklists, ultimate beneficial ownership (UBO), and more.

“The U.S. invests significantly in the private sector to support the country’s energy infrastructure and technological innovation. However, foreign influence poses a major threat,” said Brian Mackerer, group director, Government and Defense Sector, Craft. “Craft’s platform provides the DoE with a gold standard for due diligence and ensures that all investments will advance U.S. energy interests.”

Craft’s due diligence data and intelligence can be accessed by any U.S. government agency for faster risk assessments and to avoid duplicative work. Its platform will continue to be essential for the DoE and other government agencies to invest confidently and quickly on SBIR awards for important energy technology across batteries, electric grid infrastructure, and renewable and clean energy.

“Foreign influence is increasingly more difficult to detect and manual vetting processes can slow the rate of U.S. innovation and technological progress,” said a representative from the Department of Energy’s Office of Research, Technology & Economic Security. “Craft’s platform allows us to vet federal funds candidates easier and faster to ensure they are free of hostile foreign influence.”

Craft’s work with the DoE is the latest in a series of announcements with the U.S. government. In May 2024, Craft announced a $28 million, five-year agreement with the Secretary of the Air Force to bolster due diligence efforts across the Department of Defense. In March 2024, it announced a partnership with Strider Technologies, Inc. to enrich the data used to identify foreign influence within supply chains for federal government agencies and organizations engaged in government contracts.

“Our vision is for Craft to be the supply chain risk and resilience partner-of-choice for the U.S. government. This collaboration is another step forward in that direction,” said Mackerer.

For more information about Craft, visit www.craft.co or contact press@craft.co.

About Craft

Craft illuminates the path to global supply chain resilience. It empowers businesses to strengthen their supplier networks and supply chains with the industry’s most reliable and comprehensive data fabric and advanced risk mitigation engine. Craft’s user-friendly platform offers 360-degree visibility to explore and evaluate supplier networks, AI-driven insights to detect and mitigate disruptions, and collaborative tools to enhance supply chain strategies. Procurement and supply chain professionals can confidently navigate regulatory environments, adhere to ethical standards, and ensure business continuity. Headquartered in San Francisco, CA, Craft assists commercial and governmental organizations worldwide in creating more resilient supply chains. For more information about Craft, visit www.craft.co.

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SAN FRANCISCO, CA – October 8, 2024 — Craft, the supply chain resilience company, today announced it was named a “Top 50 Providers to Watch” by Spend Matters. This achievement further solidifies Craft’s standing as an industry trailblazer, dedicated to developing innovative solutions that enable organizations to know their suppliers, protect against disruptions, and build resilient supply chains.  

Each year the Spend Matters’ ‘50 Providers to Watch’ list recognizes the fast-rising companies in the procurement and supply chain market. These companies are the up-and-coming solution providers who continue to grow and develop innovative products propelling the market forward.

“We are thrilled to be acknowledged by Spend Matters as a fast rising company to watch in this highly important market,” said Ilya Levtov, CEO and founder, Craft.  “Being named a top provider to watch reflects the recognition by our customers and dedication of our team as we illuminate the path to supply chain resilience by providing real-time visibility, predictive insights and coordinated execution across supply chains.” 

“With the emergence of new procurement software and services offerings, decisions on who make the lists are only getting tougher,” said Nikhil Gaur, Director, Strategic Projects & Research Analyst, Spend Matters.  

Abigail Ommen, Research Analyst & Production Manager, Spend Matters added  “Craft provides a supplier intelligence layer that stands out for its user-friendly UX.”  She also noted the depth and breadth of data in Craft’s platform which harnesses over 2,100 streams of data and provides 500+ data points per supplier profile.

With Craft, the U.S. Department of Defense and 60+ other federal government organizations, Hapag-Lloyd, major financial services institutions, and other Fortune 500 companies confidently navigate third-party risks, regulatory environments, uphold ethics, and drive business continuity and growth. 

#SpendMatters50toWatch

About Craft

Craft illuminates the path to global supply chain resilience. It empowers businesses to strengthen their supplier networks and supply chains with the industry’s most reliable and comprehensive data fabric and AI-driven risk mitigation engine. Craft’s user-friendly platform offers 360-degree visibility to explore and evaluate supplier networks, AI-generated insights to detect and mitigate disruptions, and collaborative tools to enhance supply chain strategies. Procurement and supply chain professionals can confidently navigate regulatory environments, adhere to ethical standards, and ensure business continuity. Headquartered in San Francisco, CA, Craft assists commercial and governmental organizations worldwide in creating more resilient supply chains. 

For more information about Craft, visit www.craft.co or contact press@craft.co.

About Spend Matters 

Spend Matters is the leading solution intelligence source for procurement and supply chain professionals. Combining deep technology analysis and tailored advisory services with daily news coverage and subscription research, Spend Matters is trusted by CPOs, consultants, investors and solution providers alike as their procurement technology intelligence partner.

For more information on Spend Matters Top 50 Procurement Providers to Watch, visit https://spendmatters.com/procurment-tech-recognition/

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“We are thrilled Austin is joining Craft as our new Chief Product Officer.   His extensive experience in leading cutting-edge product development, coupled with his deep understanding of our mission through his time on our advisory board, makes him an invaluable addition to our team,” said Ilya Levtov, CEO, Craft.  “His deep technical expertise, innovative product vision, customer-focused mindset, and proven track record as a leader will be instrumental as we position Craft as the world’s premier supply chain resilience platform.”

“I am incredibly excited to join Craft at this pivotal moment in the company’s trajectory,” said Austin Chang, chief product officer, Craft.  “Having served on Craft’s advisory board, I’ve seen firsthand the impact Craft is making in the world of supply chain risk management. The opportunity to now lead product innovation and work closely with the talented team at Craft is truly an honor. I look forward to joining the Craft team directly and being part of  the next chapter of growth.”

Chang brings over 25 years of business, product, design and engineering experience, having led product development, strategic operations and platform infrastructure teams at Meta, Google, Pinterest and MTV Networks, among other ventures.  He most recently joins from Meta, where he drove product development as a senior director of product management, overseeing Core Product for the Quest VR/MR platform. In his role as CPO, Chang will bring centralized leadership and product vision to Craft, ensuring alignment with business goals to help Craft scale the product organization, streamline development, and foster long-term innovation.

Craft empowers organizations to strengthen their global supply chains. Craft’s advanced data fabric provides 360-degree, trusted visibility to quickly explore and evaluate suppliers, AI-driven risk mitigation engine and insights to anticipate relevant supplier risk in your business and minimize disruptions, and collaborative workspace tools to easily align and execute on supply chain risk strategies across teams. With Craft organizations can confidently navigate regulatory environments, uphold ethics, and drive business continuity and growth. 

For more information about Craft.co, please visit www.craft.co or contact press@craft.co .  

About Craft.co
Craft illuminates the path to global supply chain resilience. It empowers businesses to strengthen their supplier networks and supply chains with the industry’s most reliable and comprehensive data fabric and advanced risk mitigation engine. Craft’s user-friendly platform offers 360-degree visibility to explore and evaluate supplier networks, AI-driven insights to detect and mitigate disruptions, and collaborative tools to enhance supply chain strategies. Procurement and supply chain professionals can confidently navigate regulatory environments, adhere to ethical standards, and ensure business continuity. Headquartered in San Francisco, CA, Craft assists commercial and governmental organizations worldwide in creating more resilient supply chains. For more information about Craft, visit www.craft.co.

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LONDON, UK – Procurement & Supply Chain Live –  September 24, 2024 – Craft, the supply chain resilience company, today announced it was named a Value Leader in the Spend Matters Fall 2024 SRM SolutionMap, which includes an evaluation of 93 procurement technology vendors. Craft scored the highest ratings for its overall functional depth, overall customer scores, UX and UI,  supplier intelligence and N-tier capabilities. 

To be considered for the list, Craft underwent a rigorous functionality and capability assessment that included an in-depth capability demonstration of their supply chain risk management platform, and anonymized customer reviews and ratings. Spend Matters helps buyers, consultants, investors, and sellers compare vendors across 500+ request-for-information (RFI) requirements for better and smarter procurement technology purchasing.

“Thousands of companies look to Spend Matters to help them find the right procurement and supply chain technology for their organizations,” said Ilya Levtov, CEO and founder, Craft.  “This comprehensive evaluation in the latest SpendMatters Fall 2024 Solution Map is further validation of Craft’s strategy to expand the definition of supplier risk management and serves as a testament to our ability to deliver the right solutions to power resilience across the entire enterprise.  We are thrilled to be recognized by SpendMatters, and above all to earn high marks from our customers as a value leader in this highly competitive market.”

Craft was evaluated under two vendor categories – Supplier Management (risk enhanced) and Risk Management (TPRM/SCRM) – and earned the following:

1. Named a “Risk Management Value Leader”: Craft was recognized for excelling in supplier intelligence and AI-driven monitoring and analytics for risk management as a result of high functional and customer scores.
2. Highest-rated vendor for functional depth: Craft was rewarded with high marks by its customers for its exceptionally quick deployment, user experience (UX) and ease-of-use, and its process expertise in helping clients identify and mitigate supply chain-related risk.
3. Top score for supplier profiles: Craft rated the top analyst scores within the entire category for SIM (supplier information management) and Supplier Profiling, designated by a gold ribbon in the SRM SolutionMap.
4. Surpassed other SRM vendors in multiple categories: Craft received high ratings for ability to assess and mitigate risks throughout the entirety of the supply chain, and providing detailed services on behalf of clients for supplier data / profile management.

“Vendors participating in SolutionMap undergo the most rigorous assessment from a tech capability and customer delivery perspective,” said Carina Kuhl, president, SpendMatters. “Spend Matters has the largest analyst team dedicated to in-depth comparison of solutions in the procurement technology space and pinpointing their differentiators.”

Craft is the intelligent supply chain resilience platform that enables organizations to know their suppliers, protect against disruptions, and build resilient supply chains. Craft’s flexible data fabric uses best of breed datasets from public and private sources across 500+ risk categories, such as ESG, geopolitical, foreign influence, cybersecurity, supplier financial health, weather, and much more.  Its risk engine is enhanced by AI-generated insights that can be shared, tracked and taken action on internally and across organizations via a collaborative workspace.  With Craft, organizations like the U.S. Department of Defense, Hapag-Lloyd, major financial services institutions,  and other Fortune 500 companies confidently navigate third-party risks, regulatory environments, uphold ethics, and drive business continuity and growth. 

For more information about Craft, visit www.craft.co or contact press@craft.co.  

About Craft

Craft illuminates the path to global supply chain resilience. It empowers businesses to strengthen their supplier networks and supply chains with the industry’s most reliable and comprehensive data fabric and AI-driven risk mitigation engine. Craft’s user-friendly platform offers 360-degree visibility to explore and evaluate supplier networks, AI-generated insights to detect and mitigate disruptions, and collaborative tools to enhance supply chain strategies. Procurement and supply chain professionals can confidently navigate regulatory environments, adhere to ethical standards, and ensure business continuity. Headquartered in San Francisco, CA, Craft assists commercial and governmental organizations worldwide in creating more resilient supply chains.

For more information about Craft, visit www.craft.co.

PR Contact

Carol Hickins

carol.hickins@craft.co

The post Craft Named Value Leader for Supply Chain Risk Management Platform and Achieves Overall Strong Performance in Spend Matters Fall 2024 SolutionMap appeared first on Craft.co.

Craft will work directly with FINN’s Global Supply Chain practice, a specialized team within its Technology practice that, over the span of 24 years, has worked with more than 70 brands in the supply chain space. Craft selected FINN Partners for its expertise and demonstrable success within its industry along with the FINN team’s strategic thinking and idea quality. This partnership underscores the agency’s proven track record of delivering exceptional results and driving growth and reputation for its clients within the supply chain industry. 

FINN, which was named to Fast Company’s 2024 Most Innovative Companies list, will provide an integrated communications strategy designed to aggressively grow awareness and understanding of Craft’s brand and offerings. The program will target decision-makers and purchase influencers across the supply chain, procurement, finance, regulatory compliance, and ESG business functions at large organizations and agencies across the U.S. federal government. 

“In today’s increasingly volatile world where disruption is constantly lurking around so many corners, supply chain resilience is becoming a top business priority,” said Mimi Spier, CMO of Craft. “Craft’s intelligent supplier risk management solution helps organizations efficiently get ahead of their supplier risk, protect against disruption, and simplify business continuity. We are an ideal solution for what the market is demanding, but we need greater awareness quickly. We have no doubt that FINN is the best team to help us achieve that. In fact, we’re astonished at the level of thinking and domain expertise an agency could bring to this space.”

FINN’s Global Supply Chain practice works with clients in every facet of the supply chain, including technology-based innovators, consultancies, conferences, logistics and transportation providers, procurement-related companies, the supply chain organizations of Fortune 50 brands, and more.   

“Supply chain has become inextricably linked to business performance, competitive advantage, brand perception and even global issues, such as fair global working practices and environmental responsibility,” said Casy Jones, Managing Partner and Global Supply Chain practice lead at FINN Partners. “The global supply chain is also experiencing foundational change not seen in 40 years as businesses and the U.S. government do the hard work of diversifying our global sources of materials and goods. Craft is uniquely positioned to be at the center of helping these organizations successfully transition, and we’re thrilled about the opportunity to tell that story and help Craft amplify the supply chain successes of their amazing customer base.” 

The assignment is effective immediately. 

ABOUT FINN PARTNERS

Founded in 2011 on the core principles of innovation and collaborative partnership, FINN Partners has grown from about $24 million in fees to almost $200 million in fees during the past 12 years, becoming one of the fastest-growing independent public relations agencies in the world. Recognized as one of Fast Company’s 2024 Most Innovative Companies, PRovoke Media’s 2024 Best Agency to Work For and 2022 Agency of the Year, the full-service marketing and communications company’s record-setting pace results from organic growth and integrating new companies and new people into the FINN world through a common philosophy. With more than 1,400 professionals across 35 offices, FINN provides clients with global access and capabilities in the Americas, Europe, and Asia. In addition, FINN provides its clients with access to top-tier agencies worldwide through its membership in the global network PROI.

Headquartered in New York, FINN has offices in: Abu Dhabi, Atlanta, Bangalore, Beijing, Boston, Chicago, Delhi, Denver, Detroit, Dublin, Fort Lauderdale, Frankfurt, Guam, Hong Kong, Honolulu, Jerusalem, Kuala Lumpur, London, Los Angeles, Madison, Wisc., Manila, Mumbai, Munich, Nashville, Orange County, Paris, Portland, San Diego, San Francisco, Seattle, Singapore, Vancouver and Washington D.C. Find us at finnpartners.com and follow us on Twitter and Instagram at @finnpartners.

ABOUT CRAFT

Craft illuminates the path to global supply chain resilience. It empowers businesses to strengthen their supplier networks and supply chains with the industry’s most reliable and comprehensive data fabric and advanced risk mitigation engine. Craft’s user-friendly platform offers 360-degree visibility to explore and evaluate supplier networks, AI-driven insights to detect and mitigate disruptions, and collaborative tools to enhance supply chain strategies. Procurement and supply chain professionals can confidently navigate regulatory environments, adhere to ethical standards, and ensure business continuity. Headquartered in San Francisco, CA, Craft assists commercial and governmental organizations worldwide in creating more resilient supply chains. For more information about Craft, visit www.craft.co.  

###

Contact:

Celia Jones

773.885.9781

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These prestigious awards aim to inspire a broader adoption of a more responsible approach to business and to honor those who integrate sustainability in their operations and decision-making processes.

The ceremony will be held on Tuesday 24th September at Procurement & Supply Chain LIVE London, located at the Business Design Centre.

Glen White, CEO at BizClik & Sustainability magazine comments: “The Launch of The Global Procurement & Supply Chain Awards is a key milestone for our Procurement & Supply Chain brands, honoring those who apply strategic thinking, innovation, and sustainable practices into their operations and decision-making to navigate the complexity of global supply chains.

The awards continue to build on the vision set back in 2014 for Supply Chain Digital, to be a voice and platform for CPOs, CSCOs & procurement and supply chain leaders, organizations, enterprises, and communities to advance the industry and shout about their successes.

It is an exciting time for BizClik, Supply Chain Digital, and Procurement Magazine as we continue to expand the brand’s events, networking opportunities, and more. Those shortlisted for the debut of the Global Procurement & Supply Chain Awards are having a critical impact on global supply chains driven by innovation, agility, flexibility, and a commitment to sustainable development.”

“In today’s highly complex and ever-changing global supply chain, procurement and supply chain professionals play a more pivotal role than ever before to ensure business is not disrupted,” said Mimi Spier, CMO, of Craft. “We are honored to be shortlisted for the inaugural Global Procurement and Supply Chain Awards and recognized for our role in elevating supply chain and procurement leaders by empowering them with the insights and supplier visibility necessary to protect their organizations from disruption and build more resilient supply chains.

At Craft, we illuminate the path to supply chain resilience, helping organizations identify and mitigate risk so they can confidently navigate regulatory environments, uphold ethics, and drive business continuity and growth.”

For further information on Procurement & Supply Chain LIVE London, and to purchase your tickets, please visit: https://live.supplychaindigital.com/ps-live-london-2024/

For more information about Craft, please visit www.craft.co or contact press@craft.co.

About Supply Chain Digital:

Supply Chain Digital connects supply chain, operations and logistics executives representing the world’s largest brands. The platform serves as a digital hub for industry leaders and offers a wide range of services including media and advertising, events, research reports, demand generation and data. With a comprehensive approach, Supply Chain Digital strives to provide timely and valuable insights into best practices, fostering innovation and collaboration within the supply chain community.

About Procurement Magazine:

Procurement Magazine connects the world’s largest Procurement & Logistics companies and their most senior executives with the latest trends as the industry pivots towards technology and digital transformation. As a trusted authority on the latest procurement news combining executive thought leadership interviews with the very latest case studies.

About Craft:

Craft illuminates the path to global supply chain resilience. It empowers businesses to strengthen their supplier networks and supply chains with the industry’s most reliable and comprehensive data fabric and advanced risk mitigation engine. Craft’s user-friendly platform offers 360-degree visibility to explore and evaluate supplier networks, AI-driven insights to detect and mitigate disruptions, and collaborative tools to enhance supply chain strategies. Procurement and supply chain professionals can confidently navigate regulatory environments, adhere to ethical standards, and ensure business continuity. Headquartered in San Francisco, CA, Craft assists commercial and governmental organizations worldwide in creating more resilient supply chains. For more information about Craft, visit www.craft.co.

The post Craft Shortlisted as Finalist for BizClik Procurement & Supply Chain Awards 2024 appeared first on Craft.co.

Exposing foreign influence threats is crucial to protecting the U.S.’s competitive edge in high-tech innovation and safeguarding strategic technological advancements. The expanded visibility provided in Craft’s platform supports compliance with the SBIR/STTR Extension Act requiring extensive due diligence to maintain federal support for innovative research and development.

“Craft is dedicated to safeguarding U.S. technological advancements and enhancing the resilience of global supply chains,” said Brian Mackerer, Group Director – Government and Defense Sector at Craft. “The addition of critical IP intelligence into our platform enhances our ability to provide clients with actionable insights into the complexities of foreign technology transfer and intellectual property security. This enables them to make informed decisions regarding investments, partnerships, and compliance with regulatory requirements.”

BlueFoot’s FITT data identifies potential threat actors from adversarial nations that may be involved in the improper transfer or theft of intellectual property. BlueFoot enables this identification by putting patents into business context – specifically by identifying global corporate ownership across 150M global patents and 15M companies – and by enabling technology categorization of patents.

“We are excited to integrate our FITT capabilities into Craft’s supply chain resilience platform, to enable government agencies and businesses to elevate their due diligence processes ,” said Ramya Possett, Co-Founder and CEO at BlueFoot. “Our capability  leverages proprietary data science and AI to perform nuanced patent analysis and financial assessments, designed to give businesses and government agencies a critical edge in safeguarding against complex international technology challenges.”

The integration of patent intelligence into Craft’s data fabric and risk mitigation engine boosts the platform’s ability to give clients 360-degree visibility into supplier networks. Known for its AI-driven insights, disruption detection, and collaborative tools, Craft’s platform now has enhanced features to assess all risks: financial, compliance, cybersecurity, ESG, and geopolitical, including those tied to foreign technology transfer and intellectual property security.

Today’s news follows Craft.co‘s recent announcement of its five-year, $28 million contract with Secretary of the Air Force for supplier risk and intelligence technology. 

About Craft

Craft illuminates the path to global supply chain resilience. It empowers businesses to strengthen their supplier networks and supply chains with the industry’s most reliable and comprehensive data fabric and advanced risk mitigation engine. Craft’s user-friendly platform offers 360-degree visibility to explore and evaluate supplier networks, AI-driven insights to detect and mitigate disruptions, and collaborative tools to enhance supply chain strategies. Procurement and supply chain professionals can confidently navigate regulatory environments, adhere to ethical standards, and ensure business continuity. Headquartered in San Francisco, CA, Craft assists commercial and governmental organizations worldwide in creating more resilient supply chains. For more information about Craft, visit www.craft.co. 

About BlueFoot­­

BlueFoot’s technology-based search platform empowers corporate due diligence in the rapidly evolving tech market. With its proprietary data science and AI, BlueFoot automatically correlates patent, financial, and market data to instantly create a global market map of companies in a bespoke tech area. BlueFoot enables the benchmarking of companies’ relative tech strengths in that bespoke tech area as well. BlueFoot also uncovers FITT (Foreign Influence in Technology Transfer) Risk to identify threat actors (both companies and persons) that transfer patents and technologies to entities in adversarial nations. Used by the financial sector, corporate IP departments, and the government, BlueFoot is a must-have software tool for automated corporate due diligence. For more information, visit www.bluefoot.ai.

Media Contact: press@craft.co

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Orlando, FL – Gartner Supply Chain Symposium/Xpo 2024 – May 7, 2024 – Craft.co (www.craft.co), the supply chain resilience company, today announced the launch of its next-generation supplier risk management solution, setting a new standard for data quality, usability, supplier risk and compliance monitoring, and proactive risk mitigation capabilities. The platform is powered by an expansive data fabric and a powerful risk engine enhanced by AI-driven intelligence. With comprehensive 360 supplier visibility, hyper-relevant risk signals, and the industry’s most user-friendly collaboration workspace, Craft makes it easy for organizations to stay in compliance while minimizing supply chain disruptions.

“Craft gives us a comprehensive view of risk across our entire supplier network without having to wade through a lot of disparate data and noisy alerts. The platform makes it easy to pinpoint potential relevant risk and share information across teams to proactively manage issues before they cause major disruption,” says Ingmar Mester, Director Supplier Management, Sustainability & Regulatory at Hapag-Lloyd AG.

Better, more comprehensive data fabric for smarter supplier decisions 
Craft simplifies the complexity of managing a global supplier network by providing a single platform powered by a comprehensive data fabric with:

• 1,300+ data streams covering all major risk categories: financial, compliance, cybersecurity, geopolitical, ESG, and forced labor
• Third-party data verification for quality and consistency 
• Best-in-class foreign influence data provided by Strider, Pitchbook, and Bluefoot 
• Configurable portfolios for supplier grouping
• N-tier mapping connecting across multiple locations
• Intentional, use-case-driven integration with operational data such as locations, product codes, etc. for easy search, export, and anchored risk evidence

A highly-configurable platform for risk prioritization and continuous monitoring 
Craft’s powerful Risk Hub provides a simple view of risk across your entire portfolio of suppliers so you can quickly identify who needs further attention and then drill down for details.

Where traditional risk monitoring systems produce a lot of irrelevant noise, causing important signals to be overlooked, Craft cuts through the noise to enable you to proactively anticipate risk and be ready when it happens with:

• Highly-configurable, user-friendly capabilities with risk monitoring and alerts
• Signal and event tracking with AI-driven alerts by commodity, location, and keyword
• Weighting based on risk thresholds and critical priorities
• 40 risk alert types backed by event timelines and score trending
• Automated risk checks to speed discovery
• Proactive insight on impacts of new regulation and geopolitical issues on supply chains

Collaboration-centered design for enterprise-wide impact analysis 
Craft’s user-friendly workspace centralizes data to improve visibility, communication, and risk mitigation to:

• Capture and display data documenting due diligence and compliance activity
• Automate actions based on risk type and business rules 
• Centralize compliance requirements management with auditable reporting
• Share enterprise-wide views on supplier risk and performance 
• Elevate response and follow-through with state-of-the-art case management, tracking, and analytics with anchor points and trending  
• Track communications internally and externally when collaborating with suppliers for risk mitigation

“Some of the largest government organizations and commercial enterprises including the U.S. Department of Defense, Hapag-Lloyd, 3VRM, and others trust the Craft platform to provide reliable data and actionable insights to manage risk to their operations,” said Mimi Spier, Chief Marketing Officer for Craft. 

The industry’s most flexible, scalable platform designed to grow with you
Craft is designed from the ground up to enable Supplier Intelligence for Due Diligence, Supplier Risk Management, and Supply Chain Risk Management. The Craft platform consists of four modules and offers flexible pricing based on your data priorities, required functionality, and number of suppliers.  

• Craft Sense provides reliable intelligence across all risk domains and is configurable to meet a company’s specific risk concerns. Craft offers a complete view of your suppliers with holistic company profiles, advanced search capabilities, and value stream data about your most lucrative product lines and SKUs. Large-scale, repeatable due diligence efforts are simplified with portfolio-level management. 
• Craft Protect helps minimize disruption with on-going monitoring to anticipate the most critical risks impacting your suppliers. Its powerful, centralized Risk Hub, timelines, configurable alerts, and insights based on AI and machine learning, can help connect the dots, understand impact, and proactively mitigate disruption.
• Craft Operate provides a central hub for communicating and tracking supplier risk across Procurement, Supply Chain, IT, Finance, Sustainability, Legal, and Risk Management teams. With collaborative workflows, private and group sharing of activities and conversations, case management and case analytics, you can efficiently manage risk, increase productivity, improve transparency, and ensure compliance. 
• Craft Impact brings your supply chain operations together with 3rd party supplier intelligence and n-tier mapping so you can quickly anticipate disruption, understand impact, and optimize supply chain strategies in one central place.

All Craft modules are easily configured to align with the risk priorities of your business now and in the future as you scale your supplier network.

About Craft.co

Craft illuminates the path to global supply chain resilience. It empowers businesses to strengthen their supplier networks and supply chains with the industry’s most reliable and comprehensive data fabric and advanced risk mitigation engine. Craft’s user-friendly platform offers 360o visibility to explore and evaluate supplier networks, AI-driven insights to detect and mitigate disruptions, and collaborative tools to enhance supply chain strategies. Procurement and supply chain professionals can confidently navigate regulatory environments, adhere to ethical standards, and ensure business continuity. Headquartered in San Francisco, CA, Craft assists commercial and governmental organizations worldwide in creating more resilient supply chains. For more information about Craft, visit www.craft.co. 

Contact: press@craft.co

The post Craft Launches New Solution to Simplify Supplier Risk Management appeared first on Craft.co.

Craft’s supply chain resilience platform simplifies large-scale due diligence efforts by providing a single platform for evaluating and monitoring suppliers across a wide spectrum of risk domains from foreign influence and cybersecurity vulnerability to financial stability and compliance. The platform is powered by an advanced data fabric with more than 1,300 data streams per supplier, a powerful risk engine enhanced by AI-driven insights, and a collaborative workspace that enables sharing and tracking of information internally and across agencies. 

Currently, more than 500 government employees across 23 federal agencies including the Under Secretary of Defense’s Research and Engineering (OUSD R&E), the Office of Commercial and Economic Analysis (OCEA), the Air Force’s AFWERX, the Air Force Research Laboratory, the Defense Logistics Agency (DLA), and the Missile Defense Agency (MDA), are using Craft in support of the SBIR program to enhance their due diligence practices.  

“The Craft platform has helped OCEA set the standard for due diligence at scale within the Department of Defense,” stated Jeff Hubert, Director Office of Commercial and Economic Analysis (OCEA). “In addition to simplifying initial supplier evaluations and ongoing monitoring, the platform facilitates collaboration and knowledge sharing between agencies allowing for a deeper understanding of risk across all categories from foreign influence to cybersecurity, and financial instability.” 

OCEA has used Craft’s platform to evaluate and monitor more than 35,000 organizations seeking to do business with the federal government through the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. The programs provide funding to domestic companies in the private sector to encourage research and high-tech innovation. To date, Craft’s platform, which includes premium foreign influence data from Strider, Bluefoot, and Pitchbook, has flagged approximately 15 percent of applicants for additional vetting, demonstrating the platform’s value in identifying potential vulnerabilities and risk.

“Craft is dedicated to providing the most comprehensive platform for identifying, monitoring, and mitigating risk across multiple risk domains while helping support the mission of fostering and protecting technological innovation within the Department of Defense,” said Brian Mackerer, Group Director – Government and Defense Sector at Craft.

In addition to helping federal agencies with supplier intelligence for due diligence, Craft’s platform also includes Supplier Risk Management, and Supply Chain Risk Management solutions for highly-regulated industries in the commercial sector.

About Craft.co

Craft illuminates the path to global supply chain resilience. It empowers businesses to strengthen their supplier networks and supply chains with the industry’s most reliable and comprehensive data fabric and advanced risk mitigation engine. Craft’s user-friendly platform offers 360-degree visibility to explore and evaluate supplier networks, AI-driven insights to detect and mitigate disruptions, and collaborative tools to enhance supply chain strategies. Procurement and supply chain professionals can confidently navigate regulatory environments, adhere to ethical standards, and ensure business continuity. Headquartered in San Francisco, CA, Craft assists commercial and governmental organizations worldwide in creating more resilient supply chains. For more information about Craft, visit www.craft.co. 

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The addition of Strider’s comprehensive foreign affiliation data to Craft’s supply chain resilience platform provides organizations like the Department of Defense with a holistic view of suppliers to streamline due diligence processes, safeguard supply chains, and protect against economic espionage and intellectual property theft.

The Craft supply chain resilience platform, powered by an advanced data fabric and risk mitigation engine, provides 360-degree visibility to quickly explore and evaluate suppliers, AI-driven insights to minimize disruptions, and a collaborative workspace to optimize supply chain strategies, mitigate risk, and build stronger, more reliable supplier networks. 

Under the partnership, Strider’s comprehensive foreign affiliation data is seamlessly integrated into Craft’s platform, which provides insights across all major risk categories, including financial, ESG, compliance, regulatory, geopolitical, and cybersecurity risk. Strider’s data offers additional capabilities that identify current and historical affiliations to governments across many categories, including employment, education, groups, author affiliation, co-author affiliation, co-inventor affiliation, membership, selectee, funding, and publication author.

“As globalization contributes to the complexity of multi-tier supplier networks, the lack of transparency becomes a breeding ground for potential threats,” said Brian Mackerer, Group Director – Government and Defense Sector at Craft. “This partnership is crucial in the face of geopolitical challenges, economic espionage, intellectual property theft, and cyber-attacks that can disrupt critical infrastructure.”

“Identifying and minimizing nation-state risks to complex supplier ecosystems is a formidable challenge for organizations operating in this rapidly changing geopolitical and regulatory environment. We are proud to combine our proprietary data with Craft’s comprehensive supply chain resilience platform to arm government agencies with the context and visibility they need to fortify their supplier networks, ensure compliance, and drive positive organizational outcomes,” said Eric Levesque, COO, and Co-founder of Strider.

For more information about Craft’s platform for supply chain resilience, please visit Craft.co or register to join the webinar Safeguard against Foreign Influence Threats and Streamline Supplier Evaluations, on March 22, 2024 at 11:00 AM ET.

About Craft

Craft illuminates the path to global supply chain resilience. It empowers businesses to strengthen their supplier networks and supply chains with the industry’s most reliable and comprehensive data fabric and advanced risk mitigation engine. Craft’s user-friendly platform offers 360-degree visibility to explore and evaluate supplier networks, AI-driven insights to detect and mitigate disruptions, and collaborative tools to enhance supply chain strategies. Procurement and supply chain professionals can confidently navigate regulatory environments, adhere to ethical standards, and ensure business continuity. Headquartered in San Francisco, CA, Craft assists commercial and governmental organizations worldwide in creating more resilient supply chains. For more information about Craft, visit www.craft.co. 

About Strider       

Strider is revolutionizing the way companies, government agencies, universities, and research institutions secure their IP and technology and compete in a new era of global strategic competition. Our trailblazing technology and strategic intelligence solutions enable clients to proactively identify, manage, and respond to state-sponsored IP theft and supply chain vulnerabilities. Strider has operations in Salt Lake City, UT, Washington, D.C., and London, U.K.

Media Contacts:

For Craft: Jocelyn Johnson, press@craft.co , 917-406-5886

For Strider Technologies: Dan Palumbo, Dan@vrge.us, 301-875-2356

The post Craft Partners With Strider to Safeguard Supply Chains Amid Rising Foreign Influence Threats appeared first on Craft.co.

Craft’s Supply Chain Advisory Board will provide valuable industry perspective, guidance and strategic direction as the company continues to deliver innovative technology and transform supply chain resilience, risk management and intelligence. Mr. Corbo’s extensive experience and insights will be invaluable to Craft’s growth and success as it embarks upon the next phase of its development following its recent Series B funding.

“We are delighted to have Mike join the Craft team as executive advisor on our Supply Chain Advisory Board,” said Ilya Levtov, CEO and founder of Craft. “His wealth of knowledge will bring deep industry insight and expertise as we develop products for supply chain transformation and build our impact in market.”

Prior to joining Craft’s advisory board, Mr. Corbo spent over four decades at Colgate-Palmolive, including most recently as its Chief Supply Chain Officer.  During his tenure at Colgate-Palmolive, Mr. Corbo was responsible for managing complex global supply chain operations and driving innovation in the function. A testament to his leadership was the notable resilience and success with which Colgate-Palmolive weathered the global pandemic.

“I’m impressed with Craft’s focus on delivering the integrated one-stop source for supplier intelligence, with advanced analytics and workflows that deliver supply chain resilience, third party risk management and strategic supply chain opportunities. Their vision is well suited to needs in the industry, and I am excited to be part of their growth and journey delivering innovation in supply chain management in the coming years,” said Mr. Corbo.

Craft’s Global Head of Business Development, Seb Butt added: “Mike’s extensive experience and deep understanding of supply chain operations will be a tremendous asset to Craft. We look forward to his valuable insights and guidance  as we strive to deliver exceptional value to our customers and continue to build a product that the industry needs.”

About Craft:

Craft is the leading supplier intelligence platform that helps supply chain and procurement professionals monitor, evaluate and discover suppliers to help build an unbreakable supplier network. Craft provides a comprehensive, reliable supplier data foundation with hundreds of  data types on suppliers around the world, as well as actionable insights through Craft Risk Hub, Craft N-Tier Mapping, and a collaboration workspace that, together, allow organizations to better identify opportunity, mitigate risk, and prevent disruption.

Our clients, including Fortune 100 companies, government customers, SMEs, asset management groups, and others, use our technology for supply chain intelligence, market intelligence and related use cases. Through our modular, secure, customizable portal, our clients can monitor any company they are working with and drive critical actions in real-time.

For more information, please visit www.craft.co

The post Industry Veteran Mike Corbo Joins Craft as Executive Advisor on Craft’s Supply Chain Advisory Board appeared first on Craft.co.

We closed our Series A in summer 2020, just as the COVID pandemic was gripping the world.  Our business was hitting stride providing advanced visibility into the complex supplier networks of Fortune 500 enterprises.  Suddenly, supply chain disruptions were dinner table conversation and a central story in daily news.

While the immediate disruptions from the pandemic have stabilized, the fragility of global supply chains remains clear to see and will take years to address.  It developed over decades of optimizing for efficiency, Just-in-Time delivery, with generally open trade routes around the world.  

Today we live in a less smooth, more volatile era.  In response, enterprise supply chains need to be rewired for resilience and to manage newer risks such as Geopolitics, Climate, ESG and Cyber-attack.  It is an urgent topic in the boardrooms and C-suites of enterprises, and a major topic in the halls of government.

Craft has developed a powerful software platform to address these requirements, comprising 3 distinct layers.  At its foundation is the most comprehensive set of data on suppliers flowing from external third party sources merged with internal first party data.  In the second layer, Craft provides advanced visibility into supplier risks and opportunities via Risk Hub, N-Tier mapping, Alerts, and other capabilities.  At the top sits a workflow layer including shared note-taking, collaboration and case management.  The whole suite is delivered in a highly usable cloud-based application, running enterprise grade security.  Craft integrates today with Google Cloud, SAP and ServiceNow, with more exciting integrations launching soon.

With strong backing to fuel our growth and expansion over the next several years, we feel privileged to be serving customers in the exciting dynamic world of supply chain transformation.

If this is an important topic for you or your business, please get in touch with our team at sales@craft.co, or connect with us on LinkedIn.

The post Craft Raises $32M Series B to Continue Driving Transformation in Supply Chains appeared first on Craft.co.

These events have led to a fundamental shift in how supply chain teams define and measure risk. In today’s complex and volatile environment, organizations must move away from operation models designed solely for efficiency and cost and begin accounting for risk exposure.  

This means investing in stronger supplier intelligence solutions that increase transparency along the entire value chain. 

That’s where Craft comes in.  In addition to a robust supplier intelligence platform, Craft is excited to announce several new product launches that will:

• Improve supplier discovery and evaluation 
• Better contextualize the overall health of your entire supplier network
• Improve collaboration, action, and contingency planning with internal teams and stakeholders
• Improve supplier monitoring so you know exactly when you should take action

Discover and Evaluate 

Researching suppliers is typically manual and tedious. In fact, it takes an average of three months for sourcing professionals to complete a single supplier search-costing valuable time and limiting the scope of suppliers organizations can review. 

But what if you could search thousands of global suppliers in days? With Craft’s improved Discover and Evaluate feature, you can.

Explore new or alternative suppliers using Craft’s robust database of company profiles and advanced search capabilities:

• Evaluate suppliers against competitors along 500+ data points, and even compare them side-by-side. 
• Organize hundreds or thousands of suppliers into portfolios based on select criteria to maintain seamless, efficient workflows.
• Enhance visibility into corporate hierarchies and ultimate beneficial owners (UBO) to improve and accelerate due diligence processes.

Craft Risk Hub 

Understand the overall health of your entire supplier network and determine where the highest risks exist with Craft’s Risk Hub. 

Risk Hub uses machine learning to comb Craft’s supplier data ecosystem and compile key risk metrics for evaluation. 

With Risk Hub, you can 

• Surface deeper insights into how suppliers perform against key industry benchmarks.
• Get notified when suppliers experience significant changes in key risk categories, like ESG or cybersecurity.
• Filter your view and focus on the metrics that are most important to you, whether that’s risk broken down by sector, portfolio, or risk category.

Risk Hub makes it easy to quickly measure, review, and analyze your risk landscape so you can uncover exposures and identify new opportunities.  

Craft Workspace 

Clear communication channels are essential to contingency planning and timely threat response in supply chain management. When something goes wrong, organizations must move quickly to notify decision-makers and execute plans seamlessly to minimize disruption and impact.  

Reduce time-to-action and collaborate with colleagues to respond to changes to a supplier’s risk profile with Craft Workspace.

Craft Workspace enhances communication in-platform, so everyone is on the same page. 

• Tag colleagues directly in a note on a company profile, or portfolio.
• Quickly notify other users of significant shifts in supplier data points.
• Start a thread for any conversation that requires a back-and-forth.
• Upload first-party data and unify disparate data sources into a single view.

Craft Alerts 

Supply chains are longer and more complex than ever before. This means it’s no longer possible to keep pace with the speed of business through manual monitoring and review. Instead, companies must take a proactive approach to supply chain monitoring and management.  

We’ve updated Craft Alerts to bring you more insights faster so you can take action right away.

Stay up-to-date on crucial changes to suppliers through real-time monitoring and alerts across multiple risk categories, including cyber, financial, and ESG. 

Craft Alerts: 

• Delivers curated, news-based notifications via email, API, or Craft Platform that are extracted, categorized, and validated from over 200k news sources. 
• Automatically flags significant changes to a supplier’s key risk scores and metrics to enable more proactive risk monitoring. 
• Contextualizes supplier data and illuminates trends through a structured alerts timeline to empower informed decisions. 

Craft N-Tier Mapping (BETA) 

N-tier analysis helps organizations understand who their suppliers’ suppliers are. This is critical to building a holistic picture of the value chain and its potential vulnerabilities, as well as supporting procurement efforts and supplier research. 

But without reliable supplier intelligence, conducting a thorough n-tier analysis is a challenge. 

That’s why Craft is launching a new N-Tier Mapping product. 

• Identify Tier 1, Tier 2, and Tier 3 suppliers to inform supplier negotiations and support due diligence.
• Visualize your supplier network in real time, so you’re always working with updated data.

Craft N-Tier Mapping illuminates your extended supply chain. With enhanced visibility into entire supplier networks, you can better understand key dependency points and risk areas, such as single-source suppliers. This also sheds light on areas where users may have a false perception of diversification. With better insight into the extended supplier network, you can mitigate risks, plan ahead, and take action faster.  

The post Craft Launches 5 New Products to Level Up Your Supplier Intelligence Efforts appeared first on Craft.co.

LeanLinking’s DEALS solution brings everything frontline professionals need to know into one AI-based solution that guides them through faster, more effective negotiations with vendors. And paired with Craft’s powerful repository of financial, operational, and market-related supplier intelligence, DEALS is able to automate analytics and provide actionable insights for powerful negotiation strategies.

“Preparing and executing mid-to-high complexity negotiations is a foundational challenge in procurement. Companies regularly leave between five to six percent of value on the table,” said Matthias Toepert, Chief Growth Officer at LeanLinking. 

“DEALS  addresses this with built-in best practices, benchmarks and structured approaches. And combined with Craft’s unparalleled depth and breadth of supplier insights, more negotiations can be delivered faster and with higher impact.”

By leveraging both LeanLinking’s DEALS with Craft’s best-in-class data ecosystem and proprietary machine learning technology, procurement professionals can maximize value in supplier negotiations while also maintaining a strong partnership with their suppliers. 

“This is a great opportunity to take back control of supplier negotiations and drive consistency across organizations,” said Matt Keyes, Head of Craft, EMEA.

LeanLinking will present DEALS at Digital Procurement World (DPW) in Amsterdam with Patrick Foelck, Head of Insights & Enablement – Global Procurement at Roche, on Wednesday, September 21 at 11am. Craft’s CEO and founder Ilya Levtov will present on Thursday, September 22 at 3pm as one of three finalists in the DPW Growth Stage competition. 

“We are excited to partner up with Craft. Our clients’ procurement teams will get 24/7 access to automated supplier analytics based on the latest supplier data, market intelligence, and risk insights. For the first time, users can benefit from better negotiation strategies and higher impact via truly automated analytics and actionable advice at their fingertips,” said Toepert.

About LeanLinking

LeanLinking is the leading relationship management solution that helps procurement teams improve the way they are collaborating with their supply base and build true customer-of-choice relationships. LeanLinking’s Relations and DEALS platforms combine structured workflows with in-built subject matter expertise and automated analytics to build better strategies for effective supplier governance and sustainable supplier negotiations.

About Craft

Craft is the leading supplier intelligence platform that helps supply chain and procurement professionals discover, evaluate, and monitor suppliers to help build an unbreakable supplier network. Craft provides a comprehensive and reliable supplier data foundation with 400+ data points on suppliers around the world,  as well as actionable insights through a Risk Hub, N-Tier Mapping, proactive supplier monitoring and alerting, and a collaboration workspace that allows organizations to better identify opportunity, mitigate risk, and prevent disruption. 

The post Craft Announces Partnership with LeanLinking at DPW Conference to Improve Supplier Negotiations via Cutting-Edge Intelligence appeared first on Craft.co.

“We faced off in front of over 70 of the most sophisticated intelligence and data analytics buyers in the world. Their involvement in banks and financial services mean they are experienced, and they’re the best of the best,” said Keyes. “And they chose us.”

Keyes’ winning deck and presentation outlined how Craft provides a customizable intelligence solution that uses a combination of innovative AI/ML technologies, premium data partners and human intelligence.  Whether you need a raw API feed or a custom-built platform that integrates with your ERP or current analytics platform, Craft offers a bespoke solution that aggregates unstructured data and channels it into structured and therefore insightful information for enterprise organizations.  

Each participating startup pitched directly to a group of panelists, who were all top decision makers at multinational firms and banks, such as JPMorgan Chase and Lloyds Banking Group. The final decision between the runner-up and Keyes was ultimately decided by the approximately 65 attendees, who voted in favor of Keyes’ presentation by a 20% margin.

FIMA’s Dragon’s Den competition follows a similar format of the popular TV show Shark Tank in the United States, and it requires sharp presentation skills and, in this case, an in-depth knowledge of the data & intelligence pain points that big banks face – particularly when it comes to ESG initiatives. FIMA Connect is an invite-only event for key decision makers, including Heads of Data, Analytics and Innovation, at banks and asset managers. Companies in attendance included HSBC, Bank of America, Deutsche Bank, and JP Morgan Chase. 

“The reason they chose Craft was because we were immediately applicable to their ESG objectives and goals, and they saw immediate pains and problems that they’re facing right now,” said Keyes.

According to Keyes, legacy incumbent data providers have lapsed in quality, providing startups with the opportunity to bridge critical gaps in the enterprise intelligence market. This award will allow Craft to expand its reach and underscores the gap in reliable, holistic intelligence solutions across a myriad of industries, including finance, supply chain, and more.

The post Craft’s Commercial Director Wins FIMA Connect’s Dragon’s Den Award for Best Startup Accelerating Data-Driven Growth appeared first on Craft.co.

Global supply chain disruptions have expedited the need for advanced, integrated technology that improves strategic sourcing, supplier monitoring, and risk mitigation. The Federal Advisory Board will help Craft accelerate the delivery of collaborative solutions that will lower barriers between the private and federal sectors. Its six members have held top leadership positions within the federal government and multinational corporations, with expertise in public policy, business and economic development, technology, cybersecurity, and law. 

“Given the urgent need for increasing supply chain visibility and resilience, it is a perfect time for this Board to help Craft and the government jointly mitigate supply chain disruptions. Demand for more interconnected networks in the industry is at an all-time high, and Craft’s successful relationship with the Department of Defense demonstrates that change is advancing to address this ongoing challenge to our economic growth and well-being” said Christopher Caine, Federal Advisory Board co-Chair.

Supply chain risks are increasingly multi-dimensional, stemming from cyber-attacks, adverse weather events, changing ESG requirements and more. Government actions such as Executive Order 14017 aim to address some of these vulnerabilities in supply chains, particularly for products including semiconductors and COVID-19 vaccines. 

However, information silos between the government and private sector have historically stalled innovation, as procurement and supply chain leaders often scramble to adhere to new guidelines, while government agencies seek to improve access to up-to-date data within the private sector. 

“The Federal Advisory Board will represent a step forward in uniting many different stakeholders to create a more resilient supply chain. With members representing a range of perspectives and deep expertise, we are uniquely positioned to leverage their knowledge to develop critical solutions,” said Ilya Levtov, founder and CEO of Craft.co.

Craft already provides the Department of Defense with cutting-edge intelligence to help identify risk and disruption across the US supply chain, as well as protect intellectual property, particularly within aerospace and defense. The company’s proprietary data platform includes over 400 advanced signals on suppliers, rendered in an intuitive user-friendly digital workspace. Craft also serves supply chain teams at dozens of Fortune 500 enterprises, helping them lay a stronger foundation for supplier analysis, evaluation, tracking, and other procurement initiatives designed to mitigate organizational business and mission risk.

You can view the original press release here.

The post Craft Forms Federal Advisory Board to Bridge Critical Gap Between Supply Chain Leaders in Private and Government Sectors. appeared first on Craft.co.

In order to continuously gather reliable data on customer usage, Cloudflare needed an API that was able to deliver relevant vendor data quickly and efficiently. After testing the functionalities and realizing that the Craft.co API could deliver on the requirements, the San Francisco-based enterprise quickly engaged Craft for this intelligence function.

Over 7 million active websites use Cloudflare, and the company serves thousands of enterprise customers. For CDN providers and website infrastructure organizations, enterprise intelligence products such as Craft.co have become increasingly pivotal in identifying customers who require better cloud deployment management, improved network security systems and more.

“We are thrilled to assist Cloudflare in making informed decisions around their customers’ needs”, said Ilya Levtov, co-founder and CEO of Craft.co. “They are a recognized global leader in providing critical web services to companies all over the world, and we believe our real-time data will lead to quicker, actionable solutions for their teams and their customers.” 

While Craft.co’s data has recently found increased utility among large technology providers, the platform has mostly catered towards supplier intelligence solutions that mitigate supply chain risk, offer visibility into suppliers’ ethical and environmental scores, identify and monitor cybersecurity profiles, and more. Craft.co’s customers, including Fortune 500 and government entities, span multiple industries that have large globally interconnected supply chains and a need to monitor and understand those supply chains in detail.

The post Cloudflare Collaborates with Enterprise Intelligence Firm Craft.co to Enhance Customer Solutions. appeared first on Craft.co.

“We’re extremely excited for the opportunity to partner with Google Cloud and its launch of the Supply Chain Twin, and be able to help power this amazing tool with Craft’s Supplier Intelligence,” says Ilya Levtov, founder and CEO of Craft.

Craft understands that supply chain visibility is crucial for strategic, agile decision-making. Yet lack of visibility into the supply chain remains a challenge for a majority of companies. Siloed, stale, or incomplete data create blind spots that often lead to poor decision making, which can impact business at every level-from stockouts at retailers to aging inventory at manufacturers and even weather-related disruptions.

That’s where Google Cloud comes in.

Supported by Craft, Google Cloud Supply Chain Twin brings together data from a variety of systems, both internal and external to the customer environment, enabling customers to digitally map their physical supply chain in order to improve planning and decision making. 

Google Cloud Supply Chain Twin gives customers:

• End-to-end visibility of their supply chain.
• Comprehensive data that enables better analytics (e.g. KPI monitoring and alerts)
• Enhanced collaboration and data sharing between companies through platform capabilities such as Analytics Hub.

Craft delivers the data foundation

Craft provides accurate, comprehensive, and up-to-date supplier data by aggregating millions of data points through proprietary machine learning, manual human review, and validated sources, including Dun & Bradstreet and SecurityScorecard. That data is then structured and made available in Craft’s Enterprise Portal and API. 

With Craft, customers can quickly discover new suppliers, conduct deep supplier evaluation analyzing over 350 data points, and automatically monitor suppliers with real-time, customizable alerts.

Google Cloud brings it all together

With the launch of the Google Cloud Supply Chain Twin, Craft has made its supplier data available through BigQuery and connected it into the Supply Chain Twin data model-making it easy to join and gather insights from Craft, ERP, PLM, and other supply chain signals, and then surface powerful insights.

“Most supply chain and procurement leaders are making crucial decisions every day with unreliable and incomplete supplier data,” says Levtov. “Craft utilizes artificial intelligence to create a complete, holistic view of suppliers that helps power Google Cloud Supply Chain Twin to better empower supply chain and procurement professionals to predict risk and identify opportunity.”

What might this look like in the real world? Let’s say you are viewing a demand forecasting pane in Looker (a data analytics platform that integrates with Google BigQuery) related to one of the commodities you manage. 

You notice a crucial commodity is highlighted red because of a new product introduction, as well as some demand shaping signals. You see the there will be a 50% increase in demand in the next six months. This outstrips the current delivery SLA with the supplier, and based on some risk signals from Craft, it’s apparent the supplier can’t support any increased future orders. 

To investigate, you move to Craft and start digging deeper into the supplier.

The holistic supplier data in Craft provides better context on the red flags. Your supplier has had high executive turnover and their financial health scores have dropped over the past year. It also appears their CSR ratings are below your corporate standards, so you determine the best course of action is looking for an alternate supplier. 

You click the “compare” button in Craft and are immediately shown several alternate suppliers. You can compare crucial metrics side-by-side, and see there are several suppliers that can not only meet your increased demand but also have better CSR metrics.

After making your selections, you can easily navigate to ServiceNow to search for the supplier. Craft’s integration with supplier lifecycle solutions like ServiceNow makes it easy to find the supplier, import the appropriate information, submit to procurement for approval, and automatically sync with SAP Ariba. As a result, you’re able to mitigate and prevent disruption long before it has a negative impact. 

Craft’s comprehensive supplier intelligence helps supply chain leaders gain a deeper understanding of both existing and potential suppliers. And with the launch of Google Cloud’s Supply Chain Twin, the ability to bring together multiple data sources and gain deeper insight into supply chain visibility, demand forecasting, and risk mitigation, is easier than ever before. 

Learn more. 

The post Craft + Google Cloud Supply Chain Twin = Unmatched End-to-End Visibility. appeared first on Craft.co.

Over 500+ delegates from Procurement Foundry’s global community of 5,000+ sourcing and supply chain professionals (as well as non-members) attended the live virtual event. 

Featuring discussions with top procurement leaders spanning multiple industries, including Ebiquity, Kantar, Deloitte, Scotiabank, and more, the virtual conference was “designed to help [attendees] uncover and put into play, cutting-edge tools and technologies advancing procurement.” 

Our team had the pleasure of leading two sessions at the event: 

• “Deploying Intelligent Management of Your Supplier Ecosystem” hosted by Craft CEO Ilya Levtov and Director of Deloitte, Aaron Parrott.
• “How Hapag-Lloyd Re-Engineered Its Approach to Supplier Risk Mitigation and Supplier Transparency with Craft” hosted by Seb Butt, General Manager for EMEA at Craft and Ingmar Mester Manager of Supply Management at Hapag-Lloyd.

We’ve summarized the highlights for you below: 

Breakout Session: Deploying Intelligent Management of Your Supplier Ecosystem

Craft CEO and co-founder Ilya Levtov was joined by Aaron Parrott, Managing Director at Deloitte for a discussion on rethinking supplier management. 

They tackle a few key questions:

• What do supply chains look like 18 months into the pandemic?
• What lessons have companies taken away from this experience? 
• How well does a company know what’s going on within its supply base?
• How are organizations shifting their priorities around cyber?

Here are some of the takeaways:

Rethinking how to effectively manage the health of your supplier ecosystem

In light of the COVID-19 pandemic, supply chains around the world experienced disruption-the effects of which are still impacting suppliers and markets today. 

But what lessons have companies taken away from this experience? 

Parrott noted that very few companies will go back to the way things were before. The majority of companies fall into two camps: 

1. Either looking into mitigation strategies and dabbling in more proactive management with some of their suppliers or,
2. Focusing on full-on engagement with their suppliers. These companies take the posture that they never want to be put in this situation again and will take a multi-tier approach to supply chain management and intelligence to proactively mitigate risk within their supply base.

Visibility of your risk

Part of this new post-pandemic supply landscape is re-examining risk. And one of the big questions for supply chain leaders is “How well does their company know what’s going on within their supply base?”

When it comes to cybersecurity, “supply chain is the great unguarded flank of the enterprise,” says Levtov.

“We’re starting to see a shift in the manufacturing space,” says Parrot, “that cyber is much more important than just protecting my IP and […]making sure that no one is stealing it.” Now companies are recognizing that a cyberattack can potentially shut down their supply chain. 

So the question then becomes: How do you address it and when you identify a cyber attack in your supply network, what do you do?

Now more than ever, understanding and managing those risks within your supply chain is crucial to ensure resiliency. 

See the full session here. 

Lunch & Learn: How Hapag-Lloyd Re-Engineered Its Approach to Supplier Risk Mitigation and Supplier Transparency with Craft

Hapag-Lloyd is a global container line business with a significant supply chain consisting of 40,000 suppliers. To manage this large-scale supplier base, the company created a procurement team led by Ingmar Mester. 

We were excited to sit down with Mester at this event to discuss the challenges facing Hapag-Lloyd and how Craft’s unique supplier intelligence solution helped solve them.

Here are the highlights of our conversation:

What were some of the challenges you were facing before Craft?

The main problem they faced was a lack of supply market and supplier transparency. 

The company didn’t have a synchronized approach to collecting intelligence about the supply base, leading to confusion and missed opportunities. In some cases, suppliers fell through or were taken over without notice-leaving Hapag-Lloyd scrambling. 

“This really cost us money because we were not prepared and had to react quickly,” said Mester. “So at the end of the day, when I came in, [I] very quickly learned that there’s one big task: How can we set up a global source of data for facts and figures about our suppliers? And how can we become the first to know about any relevant news that happened?”

How is Craft supporting Hapag-Lloyd to solve these challenges?

Craft’s supplier intelligence solution helps Hapag-Lloyd stay informed and prepared to act on changing supplier landscapes. 

Mester says two main features stand out: 

• Craft’s Company Profiles
• Craft Alerts

Craft pulls together supplier details ranging from public financials to lesser-known public and private company and market news. This provides a comprehensive view of their supplier ecosystem. 

Craft Alerts provides real-time monitoring of their suppliers and notifies the team when there is news-ensuring they always have the most up-to-date information at their fingertips. 

“I always try to describe it to my colleagues in Hapag-Lloyd as sitting in the procurement armchair,” says Mester, “relaxed and waiting for the email from Craft to arrive whenever there is any news available in that Craft has detected.”

This gives Mester and the Hapad-Lloyd team peace of mind that they won’t miss important news or get overwhelmed searching through piles of data. 

“This saves us so much time that we can dedicate to added-value activities. And this will benefit all of Hapag-Lloyd.”

Presenting Use Cases on the Craft Portal

Mester then walked through various use cases of the Craft Portal, demonstrating the powerful ways Craft helps Hapag-Lloyd manage their supplier intelligence.

See the full presentation here.

The post Craft “Forge: Dollars and Sense” Event Recap. appeared first on Craft.co.

Amid a fluctuating global supply network and a procurement landscape that requires nimble and intelligent decision-making, ProcureTech intends to identify and champion the most innovative and forward-thinking procurement technology, data and analytics solutions on the planet.

That’s why ProcureTech is collaborating with Craft and SecurityScorecard to build ProcureTech, a single platform for digital procurement solutions.

The mission is to curate and showcase the dynamic, diverse, and future-focused companies that are revolutionizing how we think about procurement. ProcureTech will do this by applying science, intelligence and experience to the procurement technology, data and analytics ecosystem of over 4,000 companies. The process will involve a unique combination of data, customer reviews and expert opinion from procurement and technology leaders and investors.  This will create the ProcureTech100 – the definitive 100 pioneering digital procurement solutions on the planet; and also ProcureTechSOURCE – the ultimate marketplace for digital procurement solutions.

A Unique Partnership with Powerful Synergy

Each partner will bring unique value to ProcureTech. As ProcureTech’s CEO, Lance Younger, explains, “The procurement environment is evolving at an increasing pace, with digital solutions able to simplify, expedite, and improve the process dramatically. ProcureTech, Craft and SecurityScorecard are partnering to create an intelligent, collaborative platform to help make this shift happen.”

ProcureTech provides the platform – an intelligent, digital market designed to change the way professionals source, select and buy digital procurement solutions. It provides a dedicated, transparent channel for vendors to share their capabilities, streamline lead generation and increase sales.

Craft provides comprehensive data that allows supply chain and procurement professionals to better understand their suppliers, proactively manage relationships, innovation and respond to risk.

Craft’s CEO, Ilya Levtov, believes the partnership will drive valuable innovation within industry. “We’re excited about uniting powerful data sources to enable companies to make informed supply chain decisions and gain access to the best digital procurement solutions available. ProcureTech fills a critical gap in the market, showcasing companies that offer the technology to meet complex selection criteria, especially when selecting technologies with supplier risk, diversity, and sustainability in mind.”

Seb Butt, Craft’s General Manager for EMEA has observed a sharp increase in demand for digitalisation over the past 2 years; “Procurement has not been prioritised when allocating digital transformation time and resources in the past few years, but this is changing. Through a combination of unprecedented disruption due to the pandemic, supplier challenges related to cyberattacks, shipping delays, geopolitical competition, human rights violations, and extreme climate events – enterprises have had to re-think what’s important for them – supplier resiliency is at the top of that list and digitalisation is a cornerstone.”

The partnership with SecurityScorecard will support companies in identifying and onboarding best-in-class procurement technology vendors by providing buyers with continuously updated security data that covers the comprehensive risks (including cyber) that face a business in a single location. This will eliminate the need for them to gather the data on their own, creating huge efficiency gains.

In a digital environment with constantly developing technology, cybersecurity is now more important than ever. That is where SecurityScorecard enters. SecurityScorecard’s CEO, Aleksandr Yampolskiy, writes, “We see this partnership as an opportunity to further the importance and role that cybersecurity plays in the procurement process in the interest of making it a table stakes requirement for all companies and their respective procurement teams.”

Transforming Procurement Together

The launch of ProcureTech combines the industry-leading standards, cutting-edge technology solutions and expert-driven insights of three deeply synergetic companies. In its creation, the companies hope to digitally transform procurement for the better – setting new standards for operating in the ecosystem.

The partnership enables greater transparency into the true capability, experience and performance of thousands  of digital procurement solutions. This is a unique perspective and a platform for creating faster, smarter matches. But it is also encouraging enhanced reporting on cybersecurity, facilitating deeper evaluation of risk and capability, and contributing to a stronger supply chain landscape that is resilient, adaptive, and digitally enabled.

Yampolskiy of SecurityScorecard adds, “We hope that other vendors, outside of the procurement technology space, see this as an example of how procurement should be done, and start aggregating continually refreshed comprehensive data on themselves and sharing it with prospective buyers.”

“Together, Craft, SecurityScorecard, and ProcureTech intend this new platform to help supply chain and procurement professionals discover, evaluate, and monitor digital procurement solutions to create stronger supply chain resilience through a powerful combination of comprehensive data, insights, and software solutions. In parallel, ProcureTech provides a collaborative platform for vendors to share their solutions and experience” says Younger of ProcureTech.

Procurement professionals can get involved by completing customer reviews on the digital procurement solutions that they are using.  ProcureTech will plant 10 trees for every customer review that is completed.  Digital procurement solution providers can check out their profile on ProcureTech.co, update and also ask customers for reviews too.

About ProcureTech
ProcureTech is on a mission to accelerate and amplify the digital future of procurement to solve the most pressing social, environmental, and economic challenges.  ProcureTech is a dynamic platform for procurement and technology leaders, entrepreneurs and the digital procurement ecosystem. For more information, visit procuretech.co or connect with us on LinkedIn.

Media Contact:
Lance Younger
Email: lanceyounger@procuretech.co

About Craft
Craft is the leading supplier intelligence platform that helps supply chain and procurement professionals discover, evaluate, and monitor suppliers to create stronger supply chain resilience through a powerful combination of comprehensive data, insights, and software solutions. For more information, visit www.craft.co or connect with us on LinkedIn.

Media Contact:
Jessica Erickson
Email: jess@craft.co

About SecurityScorecard
SecurityScorecard is the global leader in cybersecurity ratings. Founded in 2013 by security and risk experts Dr. Aleksandr Yampolskiy and Sam Kassoumeh, SecurityScorecard’s patented rating technology is used by over 16,000 organizations world-wide for enterprise cyber risk management, third-party risk management, board reporting, and cyber insurance underwriting-making all organizations more resilient by allowing them to easily find and fix cybersecurity risks across their externally facing digital footprint. Every company has the universal right to their trusted and transparent Instant SecurityScorecard rating. For more information, visit securityscorecard.com or connect with us on LinkedIn.

Media Contact

Chris Michaels

cmichaels@securityscorecard.io

(805) 390-0819

The post ProcureTech Launches in Collaboration with Craft and SecurityScorecard To Transform Enterprises Through The Adoption of Pioneering Digital Procurement Solutions.  appeared first on Craft.co.