Building supply chain technology is challenging due to the industry’s complexity and the often slow pace of adoption, with numerous parties involved at each step. Ricky Ho founded SourceReady, which leverages big data and AI technology to provide comprehensive supplier information to help solve this problem.
After attending Berkeley Engineering, Ricky founded a startup at 19, raised $22 million, and successfully sold his first supply chain ERP company when he was only 23. Shortly after, he founded SourceReady, earning him a spot on the Forbes 30 Under 30 list. One of the most significant obstacles he faced when building SourceReady was aggregating and cleaning fragmented supply chain data, which posed considerable challenges. Many suppliers have minimal online presence, while others operate under various business entities, making them hard to trace.
This data comes in various formats and structures, requiring extensive standardization. The team at SourceReady tackled these issues by sourcing as much data as possible and cross-referencing across multiple sources. Leveraging AI and proprietary algorithms, they developed processes to clean the data at every stage, using human feedback and random sampling to ensure high-quality, reliable information.
Highlighting SourceReady’s Unique Qualities
SourceReady places a strong emphasis on providing an ad-free, unbiased experience that helps buyers find truly relevant supplier matches based on their unique needs. Rather than prioritizing paid listings or promotions, the platform relies entirely on AI-driven insights and large-scale data analysis. This ensures that the recommendations buyers receive are accurate, credible, and well-suited to small and medium-sized businesses (SMBs) seeking trustworthy sourcing options.
Currency sourcing is often fragmented and time-intensive, requiring deep supply chain knowledge. By leveraging AI, tools like SourceReady can automate and streamline sourcing, making the process accessible, efficient, and user-friendly for businesses of all sizes.
Supplier Directory
However, sourcing should not be a complex, overwhelming process. Buyers and entrepreneurs shouldn’t have to be supply chain experts to access quality products. Diversification has become essential in today’s rapidly shifting global landscape, where reliance on China alone poses increasing risks. Brands recognize the importance of building resilient supply chains that tap into various sourcing markets. An ideal sourcing tool would make this process straightforward, unbiased, and data-driven.
How to Find Where Competitors Are Sourcing?
With increasing geopolitical tensions and the risks associated with over-reliance on China, brands must diversify their supply chains. Expanding sourcing options beyond China can help businesses build resilience and adapt to global shifts. SourceReady addresses the growing need for supply chain diversification. As sourcing trends shift beyond China into emerging markets like Mexico and Vietnam, platforms like Alibaba and Global Sources lack the global flexibility to support these changes. SourceReady fills this gap.
The ultimate vision of SourceReady is to build the industry’s most popular, widely loved sourcing tool. The platform makes sourcing simple and accessible for any business, regardless of size or experience. Ricky Ho’s ambition is for SourceReady to become a trusted name everyone turns to when considering sourcing, making global supply chains easier for all.
Disclaimer: The information provided in this article is for general informational purposes only and is not intended as legal, financial, or professional advice. While we strive for accuracy, we make no representations or warranties, express or implied, about the completeness, accuracy, reliability, suitability, or availability of this information. Use of this information is at your own risk.
Published by Jeremy S.
