Tradeshift is a digital platform that enables buyers and suppliers to interact more transparently while facilitating data sharing between companies to encourage circular supply chains.
Tradeshift is promoting a circular global economy through initiatives to improve the sustainability and transparency of supply chains. All suppliers on the online platform can add information about their production processes, and they can highlight certifications of their products and services from over 850 global certification schemes such as ‘Cradle-to-Cradle’ and health ratings. These initiatives help to promote sustainable procurement and they encourage suppliers to improve their sustainability standards.
Tradeshift connects buyers to a growing network of suppliers – over 30% of which come from emerging economies where access to global supply chains on digital platforms had previously been limited. Tradeshift’s open infrastructure is free for suppliers and enables businesses in any market to participate freely in global trade with the world’s leading enterprises. 800,000 companies are already on board, including DHL, the NHS, Archer Daniels Midland and Air France-KLM.
Why you should care
In order to shift the global supply chain from cost-based to value-based management, transparent, flexible and efficient tools are essential. Tradeshift is encouraging this shift to a more circular economy through its digital platform, which allows for greater transparency between buyers and suppliers, and promotes sustainability throughout supply chains.