Corporate supply chains are changing, and there is a growing focus on traceability and technology.
This is done by mapping materials and processes in the entire chain, right from farms, forests and mines to individual factories and customers. Sensors and data analytics are important enablers in helping companies to move efficiently and affordably to account for the environmental and social impacts of their materials and products. Traceability improves product sourcing, reduces costs and ensures a good output.
Further, the rapid growth of third parties to verify the provenance of products and raw materials is another contributing factor in the move towards more sustainable business practices.
