SOURCE: Panjiva


August 22, 2011 08:00 ET

Panjiva Partners With Bureau Veritas to Offer More Robust Supplier Data

Collaboration Increases Suppliers' Visibility in Front of the World's Biggest Buyers

NEW YORK, NY--(Marketwire - Aug 22, 2011) - Panjiva, the leading source of objective information on global trade and overseas suppliers, today announced a strategic partnership with the world leader in conformity assessment and certification services, Bureau Veritas. The partnership will bring Bureau Veritas' detailed Factory Assessments to Panjiva's robust supplier intelligence platform, allowing participating suppliers to provide greater transparency thus making it easier for buyers to evaluate them.

This partnership adds yet another layer of rich data to Panjiva's in-depth platform, which already incorporates multiple public and proprietary sources of independent information on the over 750,000 suppliers and manufacturers from the 190 countries constituting the U.S. supply base. By offering independently-verified Factory Assessments from Bureau Veritas in a matter of clicks, Panjiva makes it even easier for companies to do business across borders and gives buyers a higher level of confidence when selecting a supplier/partner.

Connecting Suppliers to the World's Top Buyers
Sourcing executives from many of the world's largest buyers leverage Panjiva to identify, vet and select overseas suppliers. But until now, many suppliers could not be included in Panjiva's search engine because it requires all companies to have third-party data in their profiles. With the Bureau Veritas integration, any supplier can now have the independent, validated information necessary to create a profile and be found by one of Panjiva's million-plus visitors each month.

Bringing On-The-Ground Due Diligence to Sourcing Teams
For U.S. companies, conducting on-site visits to potential suppliers is often a challenge -- it is expensive, time consuming and often results in disappointment when factories are closed, addresses are incorrect or communication is near impossible. The rich, verified information available on suppliers who have enhanced their Panjiva profile with a Bureau Veritas Factory Assessment will allow for cost reductions related to site visits. A Factory Assessment provides detailed information about systems in place to help produce safe, legal and acceptable quality products. The scope of the Assessment is guided by elements which cover: Quality Management Systems, GMPs, Process Control and Product Control. And, of course, Panjiva users also have access to other key supplier insights from a variety of sources, including financial health, potential competitive conflicts and more, providing a complete snapshot of current or potential partners at any point in time.

"We work tirelessly to identify the data sets that will be most useful to our clients around the world as they forge new buyer-supplier relationships," said Panjiva Chief Executive Officer Josh Green. "Panjiva is pleased to partner with Bureau Veritas and together bring greater simplicity, transparency and efficiency to the global supply chain."

Commenting on the partnership, Rick Horwitch, Bureau Veritas Vice President, Solutions Business Development & Marketing, said, "This partnership represents two notable leaders in the supply chain space coming together in a way that will benefit thousands of companies worldwide. We know Panjiva users will find significant value in Bureau Veritas' Factory Assessments when reviewing potential suppliers' profiles and conducting their due diligence."

Suppliers or buyers interested in learning more about leveraging Bureau Veritas via Panjiva can do so by visiting

About Panjiva
Panjiva is an online resource for sourcing executives to gain valuable knowledge about suppliers around the world. By providing the most comprehensive data in an easy to use format, Panjiva informs the decisions that facilitate doing business globally. Supply chain and global production executives responsible for finding the right factories, negotiating costs and avoiding costly supply chain disruptions have been "flying blind." Panjiva is the first and only online information source designed to provide complete transparency into overseas suppliers. Leveraging a variety of public and proprietary data sources, Panjiva is bringing new levels of visibility to the management of global supply chains. Panjiva was founded by CEO Josh Green and CTO James Psota. Panjiva received an equity investment from Battery Ventures and a contingent of angel investors. For additional information, visit:

About Bureau Veritas
Bureau Veritas is a world leader in conformity assessment and certification services. Founded in 1828, the group has about 50,000 employees in 930 offices and 330 laboratories located in 140 countries. Bureau Veritas helps its clients to improve their performances by offering innovative services and solutions in order to ensure that their products, infrastructure and processes meet standards and regulations in terms of quality, health and safety, environment protection and social responsibility. Bureau Veritas' Consumer Products Services division is a leading global quality assurance provider for the global consumer product and retail markets. This division offers an extensive range of specialized services including consulting, testing, inspections, audits and assessments for a full-range of consumer products including hard goods, toys and juvenile products, soft goods, premiums, electrical and electronic products and health, beauty and food. Bureau Veritas is listed on the Euronext Paris (Compartment A, code ISIN FR 0006174348, stock symbol: BVI). For additional information, visit:

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