PwC UK has acquired natural a resource tracking and data collection technology company called GeoTraceability, which will form part of its consulting business.
GeoTraceability uses data gathering and monitoring technology such as GPS mapping and other technologies to track products such as cocoa, coffee, cotton or minerals from origin to shop floor.
The company states in its public corporate profile that by tracking this data it aims at building trust and transparency through supply chains.
"Resource scarcity and supply chain management are significant issues for our clients," PwC chairman Ian Powell said.
Powell added that the acquisition of GeoTraceability is an investment in technologies and services that would enable PwC UK’s clients to establish trust and reduce their risk.
The company was founded in 2012 as a subsidiary of commodity trading house Armajaro. Since then it has facilitated the mapping and data collection of over 120,000 hectares of production in 11 countries, according to PwC UK.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataGeoTraceability’s most recent products addressed the traceability of conflict minerals, and the monitoring of key biodiversity indicators, PwC UK added.
Related link
