WHAT SUPPLY CHAIN TRANSPARENCY REALLY MEANS

An article in the Havard Business Review on 20th August said that the concept of supply chain transparency was virtually unknown 15 years ago, yet today it commands the attention of mid- and senior-level managers across a broad spectrum of companies and industries.  Companies are under pressure from governments, consumers, NGO, and other stakeholders to divulge more information about their supply chains, and the reputational cost of failing to meet these demands can be high.  The article sets out to offer some clarity on the meaning of supply chain transparency and guidelines to map and extend progress.  To start with it explains that supply chain transparency requires companies to know what is happening upstream in the supply chain and to communicate this knowledge both internally and externally, and that a raft of new laws exist pertaining to transparency.  It also explains that transparency can be measured along 2 dimensions: supply chain scope (the depth of interaction in the supply chain) and milestones on the path to complete transparency.

https://hbr.org/2019/08/what-supply-chain-transparency-really-means

This blog is primarily for my own use, to keep informed and up to date. However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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