Data and the supply chain: Why be transparent?

As supply chains come under great pressure, data becomes a powerful lever to enhance visibility and strengthen stakeholder relationships.

The current state of supply chain visibility

77% OF PROCUREMENT DECISION-MAKERS CONSIDER SUPPLY CHAIN TRANSPARENCY TO BE CRITICAL OR OF PRIME IMPORTANCE¹.

VS

31% OF PROCUREMENT DECISION-MAKERS SAY THEY ARE SATISFIED (OR VERY SATISFIED) WITH THEIR CURRENT LEVEL OF VISIBILITY¹

 

59% OF PROCUREMENT DECISION-MAKERS BELIEVE THEY HAVE GOOD VISIBILITY OF THEIR TIER 1 SUPPLIERS¹.

VS

7% OF PROCUREMENT DECISION-MAKERS BELIEVE THEY HAVE GOOD VISIBILITY OF THEIR TIER 2 SUBCONTRACTORS¹.

4 benefits of a transparent supply chain

Boost your productivity

• THE MORE EFFICIENT YOUR SUPPLY CHAIN, THE GREATER YOUR OPERATIONAL EFFICIENCY AND COST SAVINGS

Ensure your compliance

• K. Modern Slavery Act, California Transparency in Supply Chains Act, French Sapin 2 law, European directive on ESG reporting…

Strengthen your customer relations

• 2 customers out of 5 say they take the transparent traceability of the clothes they buy into consideration².

Reinforce your partnerships

• A TRANSPARENT SUPPLY CHAIN CREATES A CLIMATE OF TRUST WITH YOUR SUPPLIERS AND SERVICE PROVIDERS

Sources:

¹ Procurement Leaders & Ivalua, Data-Enabled Chain Transparency, 2022 ;

² Avery Dennison, The Missing Billions – The real cost of supply chain waste, 2022.