SupplyShift recognized in 2021 Gartner Market Guide for Supplier Sustainability Applications
May 13, 2021 — Santa Cruz, CA
Companies are facing pressure to address ESG issues in the supply chain. In a 2021 report by Gartner, it is recommended that companies leverage purpose-built technologies to scale up responsible sourcing efforts.
SupplyShift, a platform for supply chain sustainability, is listed as a Representative Vendor in the 2021 Gartner Market Guide for Supplier Sustainability Applications. The new Gartner report defines the category of supplier sustainability software and provides a comprehensive overview of trends, usage patterns, and top vendors in the space.
Consumers, investors, and regulators are increasing demands for greater transparency and accountability in global supply chains. As these demands gain traction, supplier sustainability applications can assist companies in addressing these rising needs for supplier accountability. By providing tools to monitor supplier sustainability issues throughout the supply chain, these tools can be used to “automate, augment, and scale responsible sourcing programs.”
SupplyShift built its supplier sustainability platform to facilitate collaboration and continuous improvement between global supply chain actors. They are currently working with several dozen enterprise customers across the consumer goods, retail, technology, apparel, pharmaceuticals, and food and beverage industries.
“We’re honored to be recognized in the Gartner Market Guide as a Representative Vendor,” said Alex Gershenson, CEO and Co-founder of SupplyShift. “For the last eight years, we’ve been steadfast in our mission to bring responsible sourcing information into every day decision making. It’s exciting to see this category gain traction, and we’re inspired to keep building tools that deliver on our mission.”
In the report, there is a clear distinction in the types of tools currently available. Where ESG rating systems and 3rd party data platforms provide static information about supplier performance, supplier sustainability applications are unique in their combination of “data collection, analysis, and domain expertise.” Gartner also highlights standardized assessments, which are pre-set supplier questionnaires for specific ESG topics offered by some vendors, including SupplyShift. Standardized assessments can reduce supplier reporting burden, eliminate the need for companies to invent measurement frameworks, and improve industry alignment.
Gartner predicts the adoption of these technologies will accelerate in coming years.
Read the 2021 Gartner Market Guide for Supplier Sustainability Applications here.