Technology
SGS Compass Launches for Data-Driven Global Supply Chain Risk Management and Compliance
SGS, the world's leading testing, inspection, and certification company is pleased to announce the launch of SGS Compass, its supply chain solution for enhanced data-driven global supplier risk management and compliance. Leveraging the company's technical and cross-industry expertise in supplier audits and certifications, SGS Compass incorporates a robust supplier evaluation methodology to identify and categorize suppliers into four areas of risk that offer a 'single source of truth' for visibil
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BLOOMFIELD, N.J., June 30, 2026 /CNW/ - SGS, the world's leading testing, inspection, and certification company is pleased to announce the launch of SGS Compass, its supply chain solution for enhanced data-driven global supplier risk management and compliance. Leveraging the company's technical and cross-industry expertise in supplier audits and certifications, SGS Compass incorporates a robust supplier evaluation methodology to identify and categorize suppliers into four areas of risk that offer a 'single source of truth' for visibility, compliance, traceability and sustainability. This comes against a backdrop of several surveys conducted globally by industry thought leaders uncovering that a large majority of companies feel they do not have full visibility of their supply chains, including their tier 1 suppliers. "Organizations are looking for more effective ways of evaluating and managing their complex global supply chains including contractors, vendors and suppliers. There is also the added complexity of geopolitical unpredictability, in which we are seeing supply chain restructuring and demand for supplier optionality - which could lead to supply chains becoming more localized or regionally based," said Pablo Lomeli, Vice President of Supply Chain Solutions at SGS (North America). "Regardless of how organizations seek to procure, the common thread is that they're looking for real-time and robust visibility to monitor supplier production and integrity - and this is precisely what SGS Compass delivers." SGS Compass addresses the lack of supplier visibility caused by international or multi-tiered supply chains, amplified by the accompanying pressure to ensure that supplier operations and products comply with regulations, industry standards and societal expectations. Importantly, there is a growing need to satisfy consumer and investor expectations by mitigating negative social and environmental practices such as exploitative labor and environmental damage. Today, more than ever before, consumers assign higher value to products derived from ethical supply chains and are likely to develop a negative perception of a brand due to even a single poor ethical issue. The new SGS solution is cloud, AI and IoT driven. It leverages large data sets, complemented by predictive analytics and blockchain technology. Supplier test results, certificates, ISO certif...