The firm and fTRACE have developed an application program interface (API) to support integration of batch traceability information to combine sources of data for supply chain risk management.
Transparency-One's software supports GS1's GTIN, GPC, and GLN standards, meaning a US retailer, a Mexican cooperative and a Chinese manufacturer can use the same platform to collaborate and interpret data - in their preferred language.
Chris Morrison, CEO, said supply chains have become extremely complex and globally-dispersed.
“Coupled with increased consumer concerns about health, sustainability, and social responsibility, it has become mandatory for businesses to improve supply chain visibility to build consumer trust.”
SGS acquired a 20% stake in Transparency-One earlier this year.
Businesses can manage supply chains on over 100 certifications, making it possible to identify non-compliant suppliers, facilities or products to reduce safety risks from source to store.
Transparency-One said it can assure visibility to the farm of product labels, such as non-GMO or organic, help compliance with the Foreign Supplier Verification Program by collecting FDA identifiers and evaluating the food safety risk of suppliers and partners upstream and identify potential issues due to sourcing in high-risk regions by mapping the supply chain.
"The fact is, all industries are impacted by the need for greater transparency. Regardless of category, our platform is used in the same way, ensuring that supply chains across multiple verticals can achieve full transparency,” said Frédéric Daniel, chief technology officer.
During a crisis, businesses need to identify which products are connected to suppliers adversely affected by negative press or product safety incidents. However, the traditional method involves going through information from supplier to supplier - often through emails and spreadsheets - which can take days or weeks.
Transparency-One's risk management tool enables businesses to search commodities, countries, suppliers and determine which finished and purchased products have been impacted.