All industries are impacted by the need for greater transparency.
The retail and consumer goods industry is at the forefront. Increased consumer demand for a larger, more diverse set of products has resulted in a complex and globally dispersed supply chain. The result is a rise in issues of product safety, product fraud, and social responsibility.
Consumers in the meantime have become more concerned with health, wellness, and social responsibility – and are demanding more information and accountability from brands. Governments have responded with more stringent regulations forcing more disclosure of product and supplier information. The combination of factors has created a “perfect storm” – resulting in the urgent need for a transformative approach to managing supply chain transparency.