As the Trump administration’s announcement of new tariffs on US trading partners continues to reverberate across the world, one software platform in Australia has created a live supply chain tariff calculator to help companies comprehend the impact the tariffs will have on their business.
Last week, Fair Supply, an environmental, social and governance (ESG) software company, launched what it calls the world’s first Supply Chain Tariff Calculator, which calculates cumulative tariff impacts across multiple tiers of international trade.
The calculator can be used to detect how costs amass through secondary and tertiary suppliers, letting businesses evaluate the full embedded cost of their inputs caused by a tariff war.
The calculator updates in real time, meaning any fresh tariff rates that are announced in different countries can be fed into the platform — a “real-time recalibration” that will ensure “…businesses always work with up-to-date insights that reflect current global trade dynamics, enabling users to respond proactively to shifting cost pressures and avoid cost blowouts or procurement disruption,” according to company’s Chief Technology Officer, Dr Arne Geschke.
A free version of the calculator is now available to the public, with a more comprehensive and premium paid version to become accessible in the coming weeks.
Founded in 2019, the SaaS startup has already been charting over 60 billion global supply chains for years with their agentic AI due diligence product, Spotlight, and using the knowledge to create the latest tariff calculator. Its original focus, according to its founders Kimberly Randle and Dr Arne Geschke, was on ESG and modern-slavery supply chain mapping to address tariff risks.
The platform offers companies visibility over ESG risk in supply chains and investment portfolios, and has helped tackle issues within modern slavery, biodiversity, water use and Scope 3 carbon emissions among others.
The company’s CEO, Kimberly Randle, is a human rights lawyer and former Senior Director of Corporate and Legal for International Justice Mission Australia. She told Forbes Australia that extending into tariffs from ESG felt like a natural progression for her company.
According to initial modelling by Fair Supply, the total direct and indirect costs of the new tariffs (which have currently been placed on pause) would have cost Australian economy over $12 billion, with the biggest hits coming from healthcare, construction and defence/security.
In January, the company announced a capital raise of more than $12 million after an investment round led by Sydney-based Five V Capital was aided by its Series A lead investor, Airtree Ventures and QIC.
Image credit: Shutterstock
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