Climate change is disrupting global supply chains and making it more difficult for businesses to ethically source products. Global fintech RobobAI is using artificial intelligence to help large organizations shift their spend towards more ethical and sustainable suppliers to create real and positive impact on environments and communities around the world, according to Julian Harris, RobobAI CEO. The company believes that global organizations have enormous opportunities to positively impact human rights, protect the environment, and be more inclusive of indigenous, diverse, and small businesses.
RobobAI achieves this by helping organizations proactively monitor supply chain risk, sustainability, and diversity through third-party risk management. The platform constantly monitors and flags suppliers sanctioned, mentioned in media or listed for modern slavery violations. Organizations can utilize research and development of new environmental, social, and governance initiatives in areas including carbon management, cybersecurity, and diversity, equity, and inclusion programs.
The technology ensures data security and compliance with global regulatory standards while providing 360° visibility of supply chain spend to drive efficiencies and reduce waste. Harris emphasizes that collectively, global organizations have the opportunity to positively impact human rights and the environment while also being more inclusive of diverse business partners. By understanding their current reality, organizations can build a better future world through evolving the ethical and commercial management of their supply chain. The platform's approach addresses the growing challenges posed by climate change on global supply networks while promoting sustainable business practices. Explore more at https://robobai.com.
