Procurement Magazine June 2021 | Page 47

DIGITAL PROCUREMENT

“ Where other sustainability solutions rely on supplier assessments and other supplier-provided inputs , the Prewave solution at its core relies on public data ” HARALD NITSCHINGER CO-FOUNDER AND MANAGING DIRECTOR , PREWAVE

understand what is going on in supply chains in real-time .
“ Can we find out where standards are not okay ? Can we find out where there may be pollution , but also can we find out what disruptions are going on ? Like fires , explosions , or anything else that could potentially disrupt global supply chains ? This was basically where we started and then we researched the technology together with the university and with other universities from Asia .
“ After that , Harald and I , who had known each other since high school , decided to
found this company together . Harald brought in his industry knowledge and we had regular exchanges on what I was researching and Harald saw the potential it had for the industry . And that is basically how Prewave was born .
“ Then the journey started of how can we best bring this technology into the market . This was where a lot of Harald ' s networking knowledge came in to use , in order to transform this technical prototype into the market-ready product global platform it is today .”
Catching the Prewave One of the great things about Prewave , is that it meets you wherever you are at , providing a very low barrier to entry . Nitschinger explains .“ One of the main advantages of a solution like Prewave is that you can start almost immediately .
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