Visibility for informed decisions The ask for transparency has been building up for a while now and has certainly claimed center limelight during the past 18 months. Lockdowns, logistics issues and import bans are forcing buyers to map their supply chain well beyond tier 1 and 2.
More and more companies are looking for digital solutions to support them with their transparency objectives. QIMAone’s annual survey shows bigger quality and supplier communication issues for companies with a low degree of supply chain digitization.
Traceability for greater agility Traceability allows companies to trace products as they pass along the value chain from raw material to consumer. Digital traceability makes transactions visible, more effective and secure, allowing companies to react with agility when issues arise.
Where transparency is very much pushed by emerging Due Diligence legislation across the globe, traceability objectives are more focused on circularity, gathering data and the creation of credible claims. Policy makers and watchdogs have turned their attention on greenwashing, assessing the validity of sustainability claims.
For companies to pass the test, verified data and processes are needed to back up claims. Digital solutions which record, and link transactions will not be enough. Verification onsite of transactions and processes combined with innovative tracing tools must be part of a comprehensive traceability program to ensure proof of product origin, authenticity and integrity.
Clearly, transparency and traceability are a new business imperative. Combining best practice tools and local presence will get you there, one step at a time.