Observed Signal · Feb 13, 2024 · Policy Update · Source: Trending Topics · Impact: 2/5 · Sentiment: Neutral
Prewave Proposes Whitelisting Solution for EU Supply Chain Law
Vienna-based AI startup Prewave proposes a whitelisting mechanism to reduce bureaucratic burden for SMEs under the EU's Corporate Sustainability Due Diligence Directive (CS3D). The proposal follows Germany and Austria blocking the EU vote on the directive. Prewave suggests that the EU Commission or national ministries could whitelist SMEs that demonstrably comply with due diligence requirements, thereby protecting them from trickle-down obligations. The company's software monitors social media and news globally to flag supply chain risks and is used by 150 German companies, including VW, BMW, Lufthansa, Kärcher, and KTM. Prewave is also cooperating with German Mittelstand cooperative groups to make its solution affordable, with entry-level pricing under €1,000 per month.
Prewave's proposal to whitelist SMEs under EU supply chain law is a niche policy suggestion from an Austrian AI startup; limited direct impact on the AdTech industry, but relevant due to AI and media monitoring technology.
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Key Takeaways & Evidence Grounding
- Prewave proposes whitelisting of SMEs to ease bureaucratic burden under CS3D.
- EU vote on CS3D postponed due to opposition from Germany and Austria.
- Prewave's AI software monitors social media and news for supply chain risks.
- Prewave has 150 German corporate clients, including VW, BMW, Lufthansa, Kärcher, and KTM.
- Prewave cooperates with Mittelstand groups to make software affordable for SMEs.
Connected Companies & Entities
1 Entity mapped“Aktuell würden es 150 deutsche Unternehmen im Einsatz, darunter Großunternehmen wie VW, BMW oder die Lufthansa....”
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