ECOM Partners With Sourcemap for EUDR Compliance
ECOM Agroindustrial Corp Ltd., a leading player in agricultural commodities trading, is collaborating with Sourcemap, a company known for its expertise in supply chain mapping, in order to comply with the EU Deforestation Regulation (EUDR). The EUDR places greater demands on the collection and management of data throughout the supply chains of various commodities. It mandates detailed digital mapping of all farms supplying coffee and cocoa, including proof that these products are sourced without contributing to deforestation.
This innovative partnership aims to enhance the traceability and compliance of ECOM's indirect supply chains for cocoa and coffee using Sourcemap’s award-winning regulatory software. ECOM will be able to track essential farm-level data, utilizing advanced satellite imagery to monitor for deforestation. The integration of Sourcemap's solution into ECOM's operations plays a crucial role in adhering to the EUDR’s requirements, enabling comprehensive mapping and verification of its indirect supply chains.
Enhancing Compliance and Monitoring
Leonardo Bonanni, Founder and CEO of Sourcemap, noted, "ECOM's choice to implement Sourcemap's automated EUDR solution showcases their dedication to top-notch sourcing practices in the cocoa and coffee sectors." ECOM is keen to advance its EUDR compliance framework and enrich its customer offerings by harnessing Sourcemap’s platform for efficient supplier due diligence and data collection.
Integration of Advanced Solutions
Alain Poncelet, CEO of ECOM, expressed that this partnership strengthens the company’s EUDR compliance framework. By integrating their existing solutions with Sourcemap’s platform, ECOM can improve its operations while ensuring transparency and sustainability in the supply chain, thereby addressing challenges related to the sourcing of cocoa and coffee.
About ECOM Agroindustrial Corp Ltd.
ECOM is an internationally recognized group focusing on soft commodities, particularly in coffee, cocoa, cotton, and edible nuts. Operating across four continents and engaging with thousands of farmers and local businesses, ECOM is dedicated to sustainable practices. With a workforce exceeding a thousand agronomists and field specialists, the company runs innovative on-the-ground operations, benefitting customers and farming communities globally. Their vast experience and trusted relationships empower them to create beneficial and sustainable environments for farmers, suppliers, customers, shareholders, and employees.
About Sourcemap
Sourcemap is recognized as the premier supply chain regulatory software provider, serving over 250 brands and managing 5.5 million suppliers. Their automated EUDR solution offers a comprehensive suite that includes data collection, deforestation screening, supplier legality checks, ERP integration, and automated reporting for compliance with EU regulations. Sourcemap's innovative mapping and traceability technology has garnered numerous accolades, including TIME's Invention of the Year for 2022 and a spot on Fast Company’s Most Innovative Companies list in 2023.
Frequently Asked Questions
What is the purpose of the partnership between ECOM and Sourcemap?
The partnership aims to enhance ECOM's compliance with the EU Deforestation Regulation (EUDR) by utilizing Sourcemap's advanced supply chain mapping technology.
How does Sourcemap's solution help ECOM track its supply chain?
Sourcemap's solution helps ECOM gather accurate farm-level data and monitor deforestation through advanced satellite imagery, ensuring compliance and traceability.
What is the significance of the EU Deforestation Regulation?
The EUDR requires increased transparency and responsibility in sourcing commodities, ensuring that materials are not linked to deforestation activities.
What sectors does ECOM focus on?
ECOM specializes in coffee, cocoa, cotton, edible nuts, and other related soft commodities, operating in over 40 countries.
What accolades has Sourcemap received?
Sourcemap has been recognized for its outstanding solutions, winning TIME’s Invention of the Year in 2022 and being named one of Fast Company’s Most Innovative Companies in 2023.
