Panjiva to Help With Offshoring

Patrick Burnson, Executive Editor, Logistics Management -- Supply Chain Management Review, 5/4/2009

In a move promising to bring more transparency to sourcing from China, U.S.-based Panjiva will partner with an overseas credit specialist.

Panjiva, which gathers objective information on global manufacturers, and Sinosure , a leading provider of credit information on companies in China, announced an exclusive relationship to provide U.S. companies with information designed to help them mitigate the risks of doing business overseas.

In an interview with SCMR, Panjiva CEO Josh Green said that given the level of “macroeconomic uncertainty,” this can be a microeconomic solution.

“Sinosure has been the only provider of export insurance to Chinese manufacturers, which makes it a strong source of business intelligence,” he said. “They know which companies are financially stable and which ones are in trouble. At a time when many supply chains are vulnerable to collapse, this is vital information.”

According to terms of the deal, Panjiva will be the exclusive U.S. reseller of Sinosure’s credit reports on Chinese manufacturers, and Sinosure will be Panjiva’s exclusive provider of credit reports on Chinese manufacturers.

At the same time, Panjiva and Sinosure have unveiled Panjiva SinoScreen, a new solution designed to help U.S. companies quickly determine which of their Chinese manufacturers are at greatest risk.  Leveraging various data sources, including U.S. customs data and credit information from Sinosure,Panjiva SinoScreenprovides customers with an analysis of their Chinese supply chain. 

For a one-time cost, Panjiva SinoScreenwill give U.S. companies immediate insight into the stability and viability of up to 20 Chinese manufacturers.

Green said that his company may soon be working on a similar solution for U.S. shippers sourcing goods from Mexico.

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