No longer a 'nice to have', sustainability has rapidly become a societal expectation, with companies facing mounting pressure to align their operations accordingly.
The sustainability ethos now touches everything within the business environment – supply chains included – and organisations are consequently transforming the way they approach their sourcing, production, and distribution processes.
Many companies are finding the transition a tricky one, however, and are grappling with various challenges in effectively managing their supply chain sustainability data. From disparate data sources to the complexity of multi-tiered supply networks, navigating the intricacies of sustainability reporting is proving daunting for many.
Furthermore, ensuring data accuracy, integrity, and accessibility remains an ongoing struggle for organisations seeking to uphold a commitment to transparency and accountability.
Businesses often look at their current tech stacks to help solve emerging challenges – a strategy which can be successful in the short term. More often than not, however, they quickly realise that the complexity and expansiveness of collecting, synthesising, maintaining, and reporting on sustainability data is overly challenging to manage on their own.
Purpose-built technology solutions facilitate better processes, security, and efficiency. This translates into improved consistency, data integrity, visibility, and disclosures.
Specifically, purpose-built technology can help businesses manage their supply chain data via:
In summary, steadily encroaching regulations combined with heightened customer expectations has made managing supply chain sustainability data an increasingly important task for companies.
Purpose-built reporting technology has become a powerful tool for sustainability managers, offering a suite of capabilities designed to streamline data collection, enhance transparency, and drive actionable insights across supply chain ecosystems.
Embracing a data-driven approach and leveraging these purpose-built technology solutions is likely to better enable organisations to achieve their supply chain sustainability data management goals.
This article is excerpted from a longer whitepaper titled 'Easing the Burden of Collecting Supply Chain Sustainability Data' by Alexander deLong.
Click here to download the whitepaper.
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