New AI-powered platform capabilities unify, connect, and improve visibility across global value chain networks
NEW YORK–(BUSINESS WIRE)–Today, Altana introduced the world’s first Value Chain Management System, a massively scalable platform built on the only dynamic, intelligent map of the supply chain that brings together a host of new capabilities that enable customers to:
Government regulation, climate change, and supply chain disruptions — from port closures to turmoil in the Red Sea — are all driving a new imperative for businesses to know, understand, and manage their global value chains, from the sourcing and processing of raw materials, through intermediate production and final assembly, to sale and end use. Until Altana, there was no way to know, connect, or manage across these extended, global, multi-tier networks.
Altana has built the world’s first Value Chain Management System by using applied artificial intelligence on the largest body of supply chain data in the world, assembled through Altana’s unique, proprietary federated data architecture. This architecture delivers a map that is more than twice as rich as anyone else can provide, and allows Altana to integrate every customers’ siloed product knowledge, supplier data, and systems with Altana’s dynamic map to create one clean, integrated, and verified source of truth for their business, revealing their actual value chains, not outside-in estimates, situated within the context of the global supply chain network.
New capabilities using advanced artificial intelligence (AI) and machine learning (ML), include:
“Businesses today are now being held accountable for behavior related to their products and practices that occur anywhere in the global network, no matter how indirectly,” said Evan Smith, co-founder and CEO, of Altana. “We are coming upon a new era of global commerce that will require a refactoring of globalization around trusted value chains. It is now critical to know, collaborate, and manage across extended value chains, which is only possible with our new platform purpose-built for value chain management.”
“It can be difficult to know, connect, or manage across extended, global, multi-tier networks and ensure there is a clear, visible understanding of global value chains, but the introduction of a Value Chain Management System changes all of that,” said Lars Karlsson, Global Head of Trade and Customs Consulting, Maersk. “As a trusted Altana partner, we are thrilled to see a fully comprehensive Value Chain Management System, using the power of AI, that brings together partners, suppliers, and stakeholders from compliance, sourcing, and sales to legal, shipping, and finance, in one common operating environment.”
The first-of-its-kind platform establishes a unified system for value chain management, from sourcing and processing raw materials through intermediate production and final assembly to sale and end-use.
For a demo and additional details, please visit: https://altana.ai/value-chain-management-system-launch
About Altana
Altana is the world’s first Value Chain Management System — a unified, comprehensive approach that goes far beyond supply chain risk management, with unprecedented visibility, contextualized AI decision support across business areas, and a collaborative network with end-to-end workflows to get jobs done. We deliver more than twice the supply chain visibility of any other provider by applying AI to our vast network of public and private sector data — the largest, organized body of supply chain data in the world. Our unique federated data and machine learning architecture makes this possible while ensuring every customer maintains sovereignty, privacy, and security over their data. With customers like Boston Scientific, L.L.Bean, Maersk, US Customs and Border Protection, and the UK Department of Business and Trade, we are building a fairer, more secure, and more sustainable model of global commerce. To learn more, visit: https://altana.ai/.
Contacts
Media contact: press@altana.ai
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