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TruthExplorer
Eliminate illicit networks in your customer and supplier relationships
Your suppliers and customers represent a complex and opaque network, extending far beyond immediate relationships.
This network could expose you to modern slavery, inadvertently connect you with criminals, or entangle you with sanctioned entities. As regulatory and consumer pressure increases in major markets, failure to ensure transparency and integrity within your network of suppliers and customers can lead to severe legal, financial, and reputational damages.
PROFILE
A research profile is created for each subject in your dataset.
IDENTIFY
Implicit and explicit relationships inside and beyond your dataset are identified and researched.
LINK ANALYSIS
The analysis team determines exposure to risk presented by relationships in your dataset.
UNIQUE DATA
Your dataset is screened against unique data for illicit networks and local political exposure.
SCORE
Your new dataset, original data and identified relationships, are assessed and scored for risk.
TRUTHEXPLORER CASE STUDY
Forced labor in Ecuador
The Evidencity research team mapped an opaque global supply chain for abaca – a raw material used in paper products and tea bags – as it originates from Ecuador, passing through the Philippines and Japan, to finally land with consumer-facing companies in the European Union, the United Kingdom, and the United States.
We discovered where and how companies deep in the supply chain try to hide their commercial connections, as well as how commercial trade data is organized across multiple jurisdictions.
Not surprisingly, black holes remain.
Case study subjects
Abaca
Abaca fiber, or manila hemp, is a fiber extracted from the abaca plant, or Musa textilis, a banana species native to the Philippines, and is notoriously a labor-intensive fiber to harvest.
Abaca is valued for its strength, durability, and resistance to saltwater damage and is used in various industrial applications. It has been traditionally used for making ropes, twines, and cordage as well as specialty papers, textiles, tea bags, and handicrafts.
Furukawa Plantaciones
Furukawa Plantaciones has been the main producer of abaca in Ecuador since its establishment in 1963. The company is owned by Mavenz Incorporated through a subsidiary registered in Ecuador - FPC Marketing Co. Ltd. As a result, the Ecuadorian company which manages the abaca plantation is indirectly connected to the Japanese and Philippine markets.
Significant findings
MAPPING THE ABACA SUPPLY CHAIN
Companies directly and indirectly impacted by the abaca industry supply chain.
Mapping the global abaca supply chain has been a cumbersome task with seemingly endless threads to follow. Evidencity’s research team explored the main producing, exporting, and importing countries and identified key players in the abaca industry ecosystem and examined their links to Furukawa’s forced labor case. The extent of business entanglement within the global abaca supply chain was a challenging reality to surmount. Abaca products from Furukawa reached numerous unsuspecting customers around the world.
TRUTHEXPLORER
Discover relationships. Eliminate bad actors.
Understand more about the most challenging segments of your customer-supplier relationships and eliminate illicit networks.
A DATA AND RESEARCH COMPANY
As of 2021, Evidencity, Inc. is SOC 2 compliant (Third Party Auditor: LBMC @ https://www.lbmc.com ).
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