Supply Chain Consulting mulls London IPO

Australia-based Supply Chain Consulting has confirmed plans for an IPO

Fresh from launching its new CarbonView software suite for monitoring the carbon emissions associated with businesses' extended supply chains, Australia-based Supply Chain Consulting has confirmed it is planning an IPO for next year and is currently considering floating in London.

Speaking to IT Week, Supply Chain Consulting chief executive Tony Carr said that the 500-strong company was weighing up the relative merits of floating in either Sydney or London.

"We had originally planned to float in Sydney, but given the sex and sizzle [in the UK] around carbon emissions we are also having a look at London or the AIM [exchange]," he said

The company is likely to use funds raised from an IPO to help develop the functionality and promotion of its new CarbonView product.

"It is going to be our flagship product that we will take to market going forward," said Carr. "Big companies know they are going to be forced into reporting on emissions at some stage and realise that early adopters [of reporting software] will enjoy the best returns."

He added that the company was particularly keen to develop more granular emission reporting, capable of showing firms the carbon footprint of individual products or supply chain processes. Such granular reporting software is likely to become increasingly popular in next few years as companies such as Tesco and Marks & Spencer execute on their recent commitments to provide customers with more information about the environmental impact of their products.