Sourcemap

About Sourcemap

Sourcemap offers a software-as-a-service platform for supply chain due diligence and transparency. The company originated from the PhD research of its founder and CEO, Leonardo Bonanni, at the MIT Media Lab between 2007 and 2011. The venture was officially launched as a company in 2011, prompted by the supply chain disruptions caused by the Tohoku Tsunami, which created an immediate demand for the technology he had developed. Bonanni's background in technology and advocacy for ethical supply chains has been central to the company's mission.

The firm primarily serves large multinational corporations across a wide range of industries, including apparel, food and agriculture, automotive, electronics, and pharmaceuticals. Its business model is based on providing enterprise software that enables clients to map their entire supply chain, from direct suppliers down to the origins of raw materials. This service is critical for companies needing to comply with a growing number of international regulations concerning forced labor, deforestation, and carbon emissions. Revenue is generated through subscriptions to its platform.

Sourcemap's core product is a cloud-based platform that functions like a social network for supply chains; a company invites its direct suppliers, who then invite their own suppliers, creating a cascading map of the entire network. This allows for comprehensive supplier discovery, risk assessment, transaction traceability, and real-time monitoring. A key feature is its ability to integrate with and enhance existing Enterprise Resource Planning (ERP) systems, which often lack visibility beyond direct suppliers. The platform has been recognized with awards, including being named one of Time Magazine's Best Inventions of 2022 and one of Fast Company's Most Innovative Companies in 2023.