Forced Labor Prevention
Global Supplier Risk Assessment
Our Global Supplier Risk Assessment tool enables businesses to monitor a specific product supply chain for forced labor and other trade and ESG compliance risks. Using integrations between KYG Trade’s product-focused platform and our partners’ advanced, supply chain mapping tools, this tool reveals supplier risk at the product level. By proactively assessing risk at the product level, companies can be prepared to respond to regulators on short notice.
SKU-Level Auditing Solutions
KYG Trade offers SKU-level auditing solutions in the event of a customs audit or detained shipment. Using KYG Trade’s ChatFL oracle (a KYG smart tool), in the unfortunate event of a shipment detention, ChatFL can produce a complete, written analysis of the individual, SKU-level, product supply chain.
The platform enables this unique supply chain mapping and risk identification and documents both the mapping and the specific risks. It facilitates communication with suppliers from within the platform and records those communications seamlessly for audit purposes and historical knowledge. If there are missing documents, using AI assistance, they are quickly identified, retrieved and used to complete the response to a detention.
ChatFL enables compliance teams to pinpoint product-specific, high-risk suppliers and make changes to ensure compliance with UFLPA, UK Modern Slavery Act, EU forced labor prohibitions and other global, ethical labor practices.
Businesses can now magnify visibility into their SKU-level compliance, and quickly respond to regulatory notifications, detentions and audits.
Ethical Sourcing and Procurement
KYG Trade’s open platform integrates product-level trade compliance with origin assignment technology which provides supply chain visibility to the mine, field or farm. Where companies are using this technology to prove origin, a comprehensive compliance report incorporates the scientifically derived origin results (isotropic testing) into the compliance picture for the tested products.
Simple, Streamlined Supplier Engagement
KYG Trade has built-in product and attestation-level collaboration features to make it easy to send and receive emails with suppliers from within the platform. Then, the answers are attached to the product and attestation and ingested by the AI assistant, as needed, for classification or other determinations.
This automation eliminates uploads, downloads, data sharing, email threads and inbox overload currently required to properly document for record keeping and audit trails.