Aravo Recognized as a Smart Innovator in Supply Chain Sustainability Market
Capabilities for Third-Party Risk Management, Supply Chain Mapping and Supplier Network Analysis Designated as Market-Leading with Differentiated Offering
SAN FRANCISCO, Nov. 07, 2023 (GLOBE NEWSWIRE) — Aravo, the leading provider of third-party risk and resilience solutions, today announced that it has been recognized by Verdantix as a Smart Innovator in its report on Supply Chain Sustainability Software. In addition, Aravo’s capabilities for third-party risk management, supply chain mapping and supplier network analysis were designated as market-leading with differentiated offering.
The Smart Innovators report1 is an in-depth assessment of 30 of the most significant vendors who were able to meet corporate needs by offering the ability to:
- Collect, manage and report ESG supply chain data
- Assess and manage supply chain sustainability risk
- Enhance supplier development and engagement.
Verdantix expects the market for supply chain sustainability software to be worth over $4 billion in 2027.
The report also highlighted Aravo’s strong out-of-the-box functionalities for performance management and impact analysis, sustainability frameworks, external risk evaluation and supplier assessment.
“Organizations struggle with complex and decentralized data, often relying on spreadsheets to gather and analyze their sustainability and ESG data. These manual processes are time-consuming and prone to errors,” said Dean Alms, chief product officer at Aravo. “The Aravo platform with integrations to ESG and sustainability data provide customers with a unified view of their data so they can comply with reporting regulations, respond to supply chain disruptions and meet sustainability goals.”
A copy of Smart Innovators: Supply Chain Sustainability Software report is available through Verdantix (research subscription required).
- Aravo for ESG
- Blog: Climate Risk Management Beyond Compliance
Aravo delivers the industry’s leading third-party risk management platform including full third-party lifecycle management, a broad range of risk domain applications, unified visibility and integrations with dozens of risk intelligence providers. As a centralized system of record for all third-party data, Aravo provides organizations with a complete view of their third-party ecosystem throughout the lifecycle of the relationship and across multiple risk domains including ABAC, ESG, data privacy, InfoSec, financial, ethics, supply chain resilience, and business continuity. For more than 20 years, Aravo’s award-winning technology and unrivaled domain expertise have helped the world’s most respected brands accelerate and optimize their third-party management programs, delivering better business outcomes faster and ensuring the agility to adapt as programs evolve. Learn more at www.aravo.com.
Liza Goldberg, [email protected], 415.835.7622
1 Verdantix, “Smart Innovators: Supply Chain Sustainability Software,” Oct. 2023
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