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scrioo and sinolytics cooperate to offer china-specific supply chain risk solutions for European companies

Writer's picture: scriooscrioo

Updated: Jan 29

Geopolitical dynamics and political interventions increasingly affect the stability and reliability of supply chains. In addition, regulations such as the Corporate Sustainability Due Diligence Directive (CSDDD) of the European Union introduce the obligation for companies to conduct appropriate due diligence on their supply chains. In this context, companies face unique challenges when it comes to evaluating their Chinese suppliers and tier-N networks. scrioo and Sinolytics have joined forces to offer a solution to this challenge, consisting of an effective supply chain risk and due diligence software platform and profound strategy consulting services based on many years of proven China expertise.


Having reliable and comprehensive information on Chinese suppliers, China-specific supply chain dependencies and political risks is more important than ever for European companies. This applies in particular to their reporting obligations under the CSDDD. Many still hide behind the myth that relevant information on Chinese suppliers is difficult to obtain. However, the opposite is true and sooner or later all CSDDD in-scope companies will have to determine their individual approaches to effectively integrate the wide range of available Chinese supplier information into their CSDDD reporting.

 

This is where the collaboration between scrioo and Sinolytics will be a powerful combination: Providing companies with the complete set of relevant risk assessment and supplier information, combined with deep dive analysis on Chinese suppliers and strategic evaluation of the best approach to deal with Chinese supplier data and supply chain dependencies.

 

Marco Feiten, Managing Director and Founder of scrioo, comments „Companies that will have to comply with the CSDDD should start working now to ensure that they fulfil their supply chain due diligence obligations. Many companies have suppliers from China, which poses particular challenges for them. The CSDDD will also indirectly impact numerous SMEs who are suppliers to these larger in-scope companies. With the scrioo Platform, we have developed an effective solution for monitoring supplier risks and fulfilling due diligence obligations, which has already proven its worth in the context of the German Supply Chain Act.”

 

Mirjam Meissner, Managing Partner and Co-Founder of Sinolytics, explains: “When it comes to collecting and publishing detailed supplier information, China is probably one of the most advanced and progressive countries in the world. The challenge is not necessarily if companies can get enough information to meet their CSDDD obligations with respect to China. Rather, the challenge is how to make sense of the vast amount of data available and use it strategically. This is exactly where the partnership between Sinolytics and scrioo will make a difference: supporting European companies to define their CSDDD China strategy while at the same time enabling the operational implementation with an effective software-based solution.”

 

About scrioo

 

Scrioo (‘Supply Chain Resilience Instruments for Optimal Operations’) offers an effective SaaS platform for the early detection, assessment and management of risks in supply chains and at suppliers and service providers. Over 180 million online sources worldwide (e.g. news, blogs, NGO publications, sanctions lists) as well as the customer's own data are analysed in real time using artificial intelligence and validated by media and data intelligence experts. The platform is suitable, for example, for the fulfilment of due diligence obligations under supply chain laws or the monitoring of IT service providers regarding cyber risks. Customers from the areas of procurement, supply chain, IT, legal & compliance and sustainability/CSR achieve transparency, resilience in the supply chain and compliance security with scrioo.

 

You can find further information at: www.scrioo.com

 


About Sinolytics

 

Sinolytics is the leading, specialized consultancy that provides companies with in-depth, customized analysis and strategic advice. Sinolytics empowers its clients to make the right decisions in the China context. Unlike large, standardized consultancies, Sinolytics delivers concrete actionable advice tailored to clients' individual needs. With strong analytical depth, operational applicability and an independent perspective, Sinolytics offers unique added value, especially for European and US companies operating in or doing business with China. Established in 2017, Sinolytics has helped numerous clients to successfully tackle their particular China challenges, among them large global MNCs as well as medium-sized industry champions from across sectors, including several of the most renowned and respected international companies.

 

You can find further information at: www.sinolytics.de



For media inquiries please contact:

 

Marco Feiten

Managing Director & Founder

Tel.: +352 2674 55 44 57

 

Theresa Terzer

Head of Marketing

Tel.: +49 151 28 43 02 37

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