Kodiak Hub, an AI-based supplier relationship management (SRM) platform, announced a strategic expansion into the U.S. market. Backed with a $6 million investment from Oxx, this move positions Kodiak Hub to help U.S. companies build resilient and sustainable supply chains amid growing pressure from regulatory changes, emerging tariffs, and increasing demands for supply chain transparency.
Kodiak Hub’s entry to the U.S. is critical as organizations face mounting financial and operational challenges tied to supply chain disruptions. And supply chain issues can cost businesses 6% to 20% of revenue losses in 2023 and can cost up to 50% of their EBITA.
Microchip shortages and surging energy and food prices underline the need for more innovative procurement strategies that optimize resources while balancing cost and risk. Kodiak Hub’s platform resolves these challenges for procurement teams by giving them real-time insights into supply chain risks and opportunities that help them seamlessly navigate market volatility.
Kodiak Hub’s user-friendly modular, plug-and-play platform delivers fast value with minimal implementation time. It gives procurement teams a 360-degree view of supplier risk, resiliency, and performance, helping them make smarter decisions faster.
With 250,000+ suppliers across more than 20 industries actively managed on the platform, Kodiak Hub has helped organizations reduce supplier onboarding times by 80%, improve supplier engagement by 90%, and achieve 7% to 10% cost savings on total spend. The platform also saves users approximately 10 hours per week by automating key SRM tasks. The company focuses on delivering solutions that empower procurement, sustainability, and quality leaders to make smarter decisions with confidence.
KEY QUOTE:
“At Kodiak Hub, we don’t just help companies keep up with change—we enable them to lead in redefining their procurement strategies and building future ready, high-performing supply chains. As demand for transparency and fair-trade practices grows, organizations must strengthen their supply chains to protect their reputation, profitability, and long-term trust. By embedding AI-driven insights directly into procurement workflows, our platform helps procurement teams anticipate these risks and unlock major opportunities for growth.”
– Malin Schmidt, founder & CEO of Kodiak Hub
