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Unleash the power of AI and satellites to track commodities' origins, revealing deforestation evidence of your suppliers. Get automated reports on a user-friendly platform.
About
LiveEO's compliance solution is an AI-powered satellite monitoring solution designed to help companies comply with the EU Deforestation Regulation and help detect deforestation while sourcing raw materials in their supply chain. The solution offers several benefits, including near-real-time data, comprehensive monitoring of suppliers' farmlands using advanced satellite analytics, customized risk assessment, automated alerts to detect potential non-compliance, and seamless integration with existing supply chain management systems. The EUDR Compliance Solution addresses the market problem of ensuring compliance with the EU Deforestation Regulation, which requires companies to establish a robust due diligence system, monitor their supply chain, and gather relevant information on the origin and legality of the commodities and derived products to ensure compliance. Non-compliance with the regulation can result in severe consequences, including fines of up to 4% of the company's annual revenue, reputational damage, and potential exclusion from the EU market. LiveEO's deforestation compliance solution provides companies with an efficient, accurate, and cost-effective way to ensure compliance with the EU Deforestation Regulation. By leveraging advanced analytics, machine learning algorithms, and high-quality satellite imagery from trusted providers, LiveEO ensures the accuracy and reliability of its satellite monitoring data. The solution can be seamlessly integrated with existing supply chain management systems via API, enhancing the effectiveness of the compliance process. Companies can use this technology to demonstrate their commitment to sustainability and compliance with the EU Deforestation Regulation, contributing to global efforts towards forest conservation and responsible supply chains.
Key Benefits
LiveEO's compliance solution offers several benefits to businesses that can help them improve their compliance with the EU Deforestation Regulation. Firstly, the solution provides near-real-time data, enabling companies to regularly review and update their due diligence systems as required by the regulation. This adaptability ensures that businesses can quickly address any emerging risks and maintain up-to-date risk assessments and mitigation measures. Secondly, LiveEO's solution offers comprehensive monitoring of suppliers' farmlands using advanced satellite analytics, providing customized risk assessment and automated alerts to detect potential non-compliance. Thirdly, the solution can be seamlessly integrated with existing supply chain management systems via API, enhancing the effectiveness of the compliance process. By implementing LiveEO's solution, businesses can ensure that they are complying with the EU Deforestation Regulation, which is essential for avoiding severe consequences such as fines of up to 4% of the company's annual revenue, reputational damage, and potential exclusion from the EU market. Additionally, LiveEO's solution can help businesses demonstrate their commitment to sustainability and compliance with the regulation, which can be beneficial for their reputation and relationships with stakeholders. LiveEO's compliance solution can help businesses improve their compliance with the EU Deforestation Regulation, enhance their supply chain transparency, and contribute to global efforts towards forest conservation and responsible supply chains.
Applications
The LiveEO deforestation compliance Solution offers comprehensive monitoring of suppliers' farmlands using advanced satellite analytics, customized risk assessment and automated alerts to detect potential non-compliance, and seamless integration with existing supply chain management systems. The solution is designed to facilitate compliance with the EU Deforestation Regulation for affected companies. The regulation covers specific commodities and their derivatives, including cattle, palm oil, soy, cocoa, rubber, coffee, and timber. It mainly targets companies affected by the EU Deforestation Regulation and its implications for importing/exporting products containing specific commodities within the European Union. It also provides recommendations for affected companies to ensure compliance with the regulation, including establishing a comprehensive due diligence system, implementing an AI-powered satellite monitoring solution, and engaging with suppliers and stakeholders to promote sustainable sourcing practices.