WiseTech buys FRDM.ai to boost supply chain compliance
· Source: cfotech.com.au
In short
WiseTech Global has agreed to acquire FRDM.ai for up to USD $24.31 million, adding supply chain risk and compliance software to its portfolio. FRDM.ai's platform maps supplier networks beyond direct suppliers and scores risks in real time across categories including human rights, forced labour, sanctions and geopolitical risk. The acquisition will support WiseTech's new VerifyWise offering, combining FRDM.ai with existing compliance tools to verify identity, trust and trade data across supply chains.
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In the issue of week 30, 2026: AI Integration Drives Real-Time Gains in Supply Chain Execution and Productivity
Tags: supply chain, compliance, acquisition, risk management, AI, logistics