Sourcemap is the supply chain transparency platform that helps companies and consumers find out where things come from, including the social, environmental and financial risks.
WHAT IS SUPPLY CHAIN TRANSPARENCY?
Supply chain transparency allows companies to understand what is happening in the supply chain and to communicate the knowledge to both internal company teams and share information with consumers who are demanding it.
The world is making a shift.
Across all industries, transparency has become very important and consumers are seeking information on product ingredients and materials, where products come from, and the conditions in which they were produced. These demands have increased and companies today are at reputational risk.
Why are all companies not focused on transparency?
So why is the transition to transparent supply chains so slow? Older supply chain models were not designed to be transparent. Companies and suppliers kept privacy because they did not want to divulge too much information. This would undermine their competitive advantage. Another issue with details of supply chain practices is the information may be inaccurate leading to false claims. Companies did not believe there would be a good ROI for investing in transparency. Over time, companies are seeing the value in integrating transparency to get a sense of how their business is performing.
TRUST = TRANSPARENCY
Sourcemap has pioneered a new supply chain transparency software. Supply chain transparency goes beyond compliance. The goal is to build relationships with customers and consumers and explore stories by embedding media and company-specific initiatives. Sourcemap enables content to be embedded in a variety of ways. CSR, shareholder reports, product pages to name a few.
The most obvious benefit of building transparent supply chains is stringent compliance regulations. Transparent supply chains also help build better reputation and give a company’s standing as being trustworthy. Lastly, companies that want to retain employees or hire new employees should be focused on building a responsible enterprise.