More than 80% of the typical consumer company’s greenhouse gas emissions are embedded in their supply chains, and on top of that– the most severe human rights risks, such as modern slavery, are usually hidden deep down in the supply chain. Why is visibility important in Supply chains?įor most large companies, the majority of their environmental, social and governance (ESG) costs occur in their supply chain, rather than from their own operations. The goal of Supply chain visibility is to improve and strengthen the supply chain by making data readily available to all stakeholders. Supply chain visibility is the ability to track every tier of your supply chain – from the raw materials to the customer.
DEFINE VISIBILITY HOW TO
But where to start? In this blog, we will go through everything you need to know on how to build a resilient supply chain that can withstand uncertainty and promotes sustainability at every level of your supply chain! New legislations, such as the European Green Deal, are making it more important than ever to gain full visibility across your entire supply chain. The demand for businesses to achieve supply chain visibility in order to comply with modern slavery and other environmental, social, and corporate governance (ESG) rules has skyrocketed in the past years. However, as a company’s most environmental and social damage usually occurs in their supply chains, achieving it is a must. Modern-day supply chains are complex and far-reaching, and with a diverse supplier network distributed all across the world – tracking every tier of it can be a hard task to take upon.
The term Supply chain visibility refers to knowing everything that’s going on in your supply chain.
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