Craft is pleased to announce the formation of its Federal Advisory Board in Washington D.C. to support the company in delivering its best-in-class supply chain intelligence software to the federal sector.
Global supply chain disruptions have expedited the need for advanced, integrated technology that improves strategic sourcing, supplier monitoring, and risk mitigation. The Federal Advisory Board will help Craft accelerate the delivery of collaborative solutions that will lower barriers between the private and federal sectors. Its six members have held top leadership positions within the federal government and multinational corporations, with expertise in public policy, business and economic development, technology, cybersecurity, and law.
“Given the urgent need for increasing supply chain visibility and resilience, it is a perfect time for this Board to help Craft and the government jointly mitigate supply chain disruptions. Demand for more interconnected networks in the industry is at an all-time high, and Craft’s successful relationship with the Department of Defense demonstrates that change is advancing to address this ongoing challenge to our economic growth and well-being” said Christopher Caine, Federal Advisory Board co-Chair.
Supply chain risks are increasingly multi-dimensional, stemming from cyber-attacks, adverse weather events, changing ESG requirements and more. Government actions such as Executive Order 14017 aim to address some of these vulnerabilities in supply chains, particularly for products including semiconductors and COVID-19 vaccines.
However, information silos between the government and private sector have historically stalled innovation, as procurement and supply chain leaders often scramble to adhere to new guidelines, while government agencies seek to improve access to up-to-date data within the private sector.
“The Federal Advisory Board will represent a step forward in uniting many different stakeholders to create a more resilient supply chain. With members representing a range of perspectives and deep expertise, we are uniquely positioned to leverage their knowledge to develop critical solutions,” said Ilya Levtov, founder and CEO of Craft.co.
Craft already provides the Department of Defense with cutting-edge intelligence to help identify risk and disruption across the US supply chain, as well as protect intellectual property, particularly within aerospace and defense. The company’s proprietary data platform includes over 400 advanced signals on suppliers, rendered in an intuitive user-friendly digital workspace. Craft also serves supply chain teams at dozens of Fortune 500 enterprises, helping them lay a stronger foundation for supplier analysis, evaluation, tracking, and other procurement initiatives designed to mitigate organizational business and mission risk.
You can view the original press release here.