The Path to Supply Chain Transparency”** is a practical guide that outlines steps for companies to build transparency in their supply chains. Here’s a concise summary:
1. **Why Transparency Matters:**
– Supply chain transparency is crucial for managing risk, ensuring product safety, and maintaining reputation.
– Companies face scrutiny over workers’ rights, environmental responsibility, and product integrity.
– A solid foundation is essential for achieving transparency.
2. **Four-Step Approach:**
– **Define Your Goals:** Clearly articulate what transparency means for your organization.
– **Understand Your Supply Chain:** Map out your extended supplier network.
– **Leverage Technology:** Use tools for data collection, monitoring, and reporting.
– **Continuous Improvement:** Regularly assess and enhance transparency efforts.
3. **Critical Role of Technology:**
– Technology enables real-time data sharing, traceability, and risk assessment.
– Blockchain, IoT, and AI can enhance transparency.
4. **Conclusion:**
– Achieving supply chain transparency requires commitment and ongoing improvement¹.
