Prewave

Prewave delivers "Supply Chain Superintelligence," an advanced AI-driven platform designed to help global businesses build future-ready, resilient, and sustainable supply chains. By analyzing millions of data points from global sources in multiple languages every day, Prewave transforms complex risk events into clear, actionable alerts. This enables companies to move from reactive problem-solving to proactive risk mitigation, ensuring operational continuity and efficient compliance with evolving international regulations.

The platform is built on a foundation of AI and predictive analytics, offering real-time insights into supplier risk. It empowers organizations to not only identify potential disruptions but also to turn supply chain exposure into a competitive opportunity. With a database of over 1.6 million registered suppliers, Prewave provides comprehensive coverage and deep visibility, helping companies navigate the complexities of modern procurement and logistics.

How to use Prewave

Using Prewave involves a streamlined, strategic process to integrate risk intelligence into your supply chain operations:

1. Supplier Integration: Begin by integrating your existing supplier list into the Prewave platform. The system can then start monitoring them immediately.
2. Supply Chain Mapping: Utilize the Tier-N Supply Chain Mapping feature to visualize your entire supplier network, from direct partners to raw material sources, uncovering hidden dependencies and risks.
3. Real-Time Monitoring & Alerts: The AI continuously monitors global data sources for over 200 risk categories (including ESG, labor disputes, financial instability, natural disasters). You receive instant, focused alerts on critical events affecting your suppliers.
4. Risk Assessment: Leverage the 360° Supplier Scoring to get a comprehensive risk profile for each supplier, allowing you to prioritize your mitigation efforts effectively.
5. Action & Mitigation: Use the integrated Action Platform to collaborate with suppliers on corrective measures, track progress, and document your due diligence efforts.
6. Automated Compliance Reporting: Generate automated reports for various regulations like CSDDD, EUDR, CSRD, and the German Supply Chain Act (LkSG), significantly reducing the manual effort required for compliance.
7. Seamless Integration: Connect Prewave with your existing ERP or procurement systems via its API for a unified workflow and data synchronisation.

Core Features of Prewave

• AI Supply Chain Monitoring: Real-time monitoring of suppliers across global and local sources in multiple languages.
• Tier-N Supply Chain Mapping: Provides full visibility into every level of your supply chain, identifying sub-tier supplier risks.
• 360° Supplier Scoring: A comprehensive scoring system that evaluates suppliers based on over 200 risk categories, including ESG, financial health, and operational stability.
• Predictive Analytics: Forecasts potential disruptions and risks before they occur, allowing for proactive strategy adjustments.
• Automated Compliance Management: Streamlines due diligence and reporting for major regulations such as CSDDD, EUDR, CSRD, UFLPA, and CBAM.
• Prewave Carbon 360: An automated carbon management solution to measure, report, and mitigate carbon emissions across the entire supply chain.
• Action Platform: A collaborative tool to manage risk mitigation activities and communicate with suppliers directly.
• API & Integrations: Seamlessly integrates with existing enterprise systems for a cohesive risk management ecosystem.

Use Cases for Prewave

Prewave is tailored for industries with complex global supply chains:

• Automotive: Mitigating risks of production halts by monitoring raw material suppliers (e.g., cobalt, lithium), ensuring compliance with regulations like the EU Battery Regulation, and managing geopolitical tensions affecting logistics.
• Manufacturing: Ensuring ethical labor conditions in subcontracted factories, managing environmental impact, and securing the supply of critical components.
• Electronics: Addressing challenges related to conflict minerals, managing e-waste responsibly, and building resilience against semiconductor shortages.
• Pharmaceuticals: Guaranteeing ethical sourcing of active pharmaceutical ingredients (APIs) and ensuring fair labor practices in global clinical trials.

Advantages of Prewave

Prewave offers a distinct competitive edge by combining resilience, sustainability, and compliance in a single platform. Key advantages include a 40x reduction in due diligence effort, a 3-day faster response time to disruptions thanks to AI-based alerts, and comprehensive coverage of over 200 risk types. Its predictive capabilities allow businesses to future-proof their operations, while its network effect—leveraging data from over 1.6 million suppliers—means many suppliers are already assessed, saving time and reducing redundant audits.

Pricing and Plans

Prewave provides enterprise-level solutions with pricing tailored to the specific needs of each organization, such as the number of suppliers monitored and the required feature set. Pricing information is not publicly available. To get a custom quote, potential customers are encouraged to contact the Prewave sales team or request a demo through their official website.