SPLC Panel: Important Trends In Disclosure, Traceability, Big Data, And New Value Creation

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Last week Sourcemap CEO Leonardo Bonanni participated in a panel at SPLC 2019 with MIT Center for Transportation and Logistics researchers Alexis Bateman and Suzanne Greene.

While everyone acknowledges the future of supply chains is transparent, few can agree on what transparency is and how it should be achieved. The three speakers presented on the journey to supply chain transparency, starting with Alexis, who introduced the journey, to Leonardo, who presented case studies from early adopters of end-to-end transparency, and concluding with Suzanne with ideas for future areas where transparency can go. Here are some of the takeaways from the conference:

  • Supply chain transparency is here to stay, and in many instances it’s already law:

    • EU and US conflict minerals due diligence acts

    • California Supply Chain Transparency act

    • French and Swiss supply chain vigilance laws

    • UK and Australian modern slavery laws

  • Supply chain transparency requires new business processes including communications and IT infrastructure, and as such it follows an innovation adoption curve:

    • The Majority of companies have implemented codes of conduct and audits over their own facilities and direct suppliers

    • An Early Majority have begun to identify and benchmark their second-tier suppliers

    • Early Adopters are implementing traceability across their end-to-end supply chains

    • Innovators have begun communicating the end-to-end supply chain transparently with customers and consumers

  • There are many industries where supply chain transparency has yet to become adopted, including the mining and metals sectors, which are becoming increasingly important to high-tech industries including semiconductors and electric cars.

For more information on the panel, Sourcemap and MIT CTL feel free to contact us: info@sourcemap.com