While multi-tier supply chain transparency is challenging to achieve, it can reap serious benefits for businesses that invest the time and resources. Taking progressive steps to achieve visibility at multiple tiers can benefit businesses in five ways.
Companies around the world have recognized the importance of the UN Sustainable Development Goals and the role that business plays in helping achieve them. In fact, many have incorporated the Goals into their CSR strategies as a framework for their own corporate sustainability and social responsibility goals. Gaining greater supply chain transparency is an important first step in meeting a variety of SDGs.
Editor’s note: You may have missed this post when Transparency-One published it last year. We have updated the content for 2019 are sharing it now because today’s market makes supply chain transparency and traceability as relevant as ever. *** Transparency and traceability are often used interchangeably, but they are in…
Discussions about the benefits of transparency generally focus on providing end-consumers with more information about the food they eat and the clothes they wear, with the ultimate goal of generating more business. But transparency also benefits businesses internally by providing a compelling reason for employees to join, stay, and engage with your company.
Supply chain transparency not always easy to achieve. Several barriers pose a challenge that can make it more difficult to convince your business to take the steps towards transparent supply chains. Different departments all benefit from achieving supply chain transparency—here’s how to make your case.