Procurement intelligence and analytics SaaS platform Beroe is working with AI start-up Prewave to increase transparency of global supply chains.

Supply chains are becoming increasingly risk-prone across the globe, with spreading supply disruption and impaired customer fulfilment. Beroe is working with Prewave to improve suppliers’ understanding of emerging risks to global supply chains from a range of factors.

Beroe will integrate Prewave’s predictive risk intelligence onto its AI-powered intelligence platform, Beroe LiVE.Ai, to help procurement teams build a resilient supply chain. By tapping into digital news media, online media, and social media channels, Prewave enables businesses to continuously monitor supply chain risks and build the right mitigation strategy to achieve resilience.

Beroe LiVE.Ai is an AI-powered intelligence platform tailored for procurement and sourcing professionals – providing market intelligence, supplier risk information, category benchmarking, cost models, market monitoring dashboards, and supplier discovery.

“Our partnership with Prewave adds another dimension to our risk offering on Beroe LiVE.Ai and helps procurement teams to be on top of what’s impacting their business, minimise risk and maximise opportunity,” said Beroe Inc Chief Executive Vel Dhinagaravel.

“The future of data-driven sourcing lies at the synergy of different AI solutions. With the insights of commercial data through the Beroe AI in combination with external risk data from our Prewave AI we make your supply chain more resilient and transparent,” said Jonas Armeier, Sales Director Prewave.