Avetta Partners with ASSP to Quantify Supply Chain Safety Culture

Event summary

  • Avetta has launched the Avetta Cultural Maturity Index (CMI), a new assessment tool for organizational safety culture.
  • The CMI is developed in partnership with the American Society of Safety Professionals (ASSP) and aligns with ANSI and ISO safety standards.
  • Workplace fatality rates in the U.S. plateaued at over 5,200 in 2023, despite declining non-fatal injury rates.
  • The CMI complements Avetta’s existing Safety Maturity Index (SMI) to provide a comprehensive view of safety systems and cultural conditions.

The big picture

The plateauing of workplace fatality rates despite declining injury rates highlights a systemic issue beyond traditional safety management. Avetta’s CMI represents a shift towards addressing the often-overlooked cultural drivers of safety, a trend likely to gain traction as regulatory bodies and investors increasingly scrutinize ESG performance within supply chains. This move positions Avetta to capture a growing market for more holistic risk management solutions, but also introduces complexities in measuring and influencing intangible cultural factors.

What we're watching

Adoption Rate
The success of the CMI hinges on supplier and contractor adoption; slow uptake will limit Avetta’s ability to demonstrate value and expand its network.
Data Integrity
The CMI's effectiveness is dependent on the accuracy and consistency of self-reported data, raising concerns about potential biases and the need for validation mechanisms.
Competitive Response
Other SCRM providers may develop competing cultural assessment tools, potentially eroding Avetta’s first-mover advantage and necessitating ongoing innovation.

Related topics

Partnership