Q3 Market Perspectives: Achieving transparency and compliance with supply chain data collection

Maintaining a network of global suppliers provides companies with flexibility, enhanced resilience and cost-effective materials. However, the complexity of modern supply chains makes it difficult to gather data on materials and substances used in components. Regulations like the Toxic Substances Control Act (TSCA) in the U.S. and Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH) in the EU, demand increasingly detailed information about a product’s chemical composition and content levels.

Why Supply Chain Transparency Matters for Compliance

For most companies, collecting and consolidating data from suppliers presents a formidable challenge. In fact, a report from inspectario indicates that less than 10% of surveyed companies have achieved full automation with digital solutions. Organizations are scrambling to upgrade manual and legacy systems to solutions that are capable of generating needed data.

A recent survey conducted by 3E highlights the difficulties companies face when collecting chemical compliance and other data from suppliers. It explores their plans for achieving greater transparency, and their priorities when it comes to solution capabilities.

Use this information to:

• Assess your own supply chain data collection process
• Consider the drivers behind supply chain transparency
• Identify effective tools and methods for supplier engagement

3E’s work with dozens of the world’s leading chemical, pharmaceutical, manufacturing consumer package goods, industrial, and retail companies gives us keen insight into supply chain transparency trends.

We invite you to explore the new age of supply chain data collection and identify solutions to advance the speed, efficiency, and value of your supplier engagement.