Business in a globalized world demands more trust and transparency in global operational structures. Supply chains carry a lot of sustainability and disruption risks. To proactively manage risks and enhance sustainability, every business needs greater transparency in the supply chain. But where is the right starting point for supply chain transparency?
Supply chains are usually complex in terms of structure, number of components and upstream suppliers. There is no “one size fits all” solution. The way companies approach greater transparency and traceability depend on the used resources, corporate priorities and the size of the supply chain as well as the desired outcomes and the corporate sustainability strategy. These are the most import steps to consider to increase your supply chain transparency: