TradeBeyond Acquires Pivot88 to enhance supply chain management

TradeBeyond, Hong Kong’s leading provider of extended supply chain management solutions for both private labels and branded products, has acquired Pivot88, an AI-driven Software as a Service (SaaS) company specialising in quality, compliance, and traceability solutions for global brands and retailers. Pivot88’s platform empowers retail businesses with a detailed view of their products, offering transparent supply chain data for risk management. Their platform manages data across an extensive network of over 50,000 supply chain partners in 112 countries, including some of the world’s most prominent and recognised brands and retailers.

This strategic acquisition will combine TradeBeyond’s offerings in product development, sourcing, and supply chain management with Pivot88’s advanced AI-powered capabilities in quality control, compliance, and traceability. This acquisition is expected to enable businesses bring products to the market with increased efficiency, responsibility, and profitability.

Stephane Boivin, co-founder of Pivot88, expressed enthusiasm about the merger, noting that it will provide global brands and retailers with a more streamlined and cost-effective means to enhance product quality, manage their supply chain partners, and mitigate supply chain risks. Boivin will also continue to play a leadership role at TradeBeyond.

TradeBeyond’s CEO, Michael Hung, highlighted the importance of this strategic move, emphasising Pivot88’s track record in helping major brands and retailers improve product quality and traceability. He welcomed Pivot88’s team of experts and innovators into TradeBeyond’s growing family to address today’s intricate supply chain challenges.

Since receiving an investment from EQT in 2022, TradeBeyond has been heavily focused on organic growth, expanding its reach both geographically and in terms of product offerings, with a particular focus on ESG solutions. The acquisition of Pivot88 is a key component of TradeBeyond’s strategic plan to invest in innovative solutions that will better serve its expanding customer base and secure a larger share of the rapidly growing SaaS supply chain market.