SYNE Ratings today announced that its Supplier Ratings product has surpassed 1,000 rated suppliers across active global panels, spanning retail, industrials and consumer goods sourcing programmes.
The milestone reflects growth across two distinct routes to rating: suppliers rated as part of a buyer-led panel programme, where a retailer or manufacturer commissions ratings across its own supply base, and suppliers rated directly to support their own customer disclosure requirements.
Panel-wide programmes now account for the majority of rated suppliers, with buyers increasingly using a minimum Supplier Rating grade as a standard condition in new vendor contracts.