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TRACK-AND-TRACE TECHNOLOGY IMPROVES VISIBILITY AND SUSTAINABILITY IN SUPPLY CHAINS

- DAMIEN MARTIN

What logistics executive doesn’t want more visibility into their supply chain? Apparently very few of them, because in a McKinsey survey, almost 80% said they needed to improve and invest in digital planning to gain that visibility. There are so many moving parts throughout an organization’s supply chain that it’s no wonder things fall through the cracks. But it’s not inevitable. Track-and-trace technology is a great way to keep that from happening. Tracking sensors can keep organizations up to date on where exactly in the world items are at a given time. They can send alerts when they’re tampered with or a delivery is going to be late. They can keep track of how much stock is on hand so supply chain leaders can consider that along with demand and location of the next shipment to know precisely how long they’ll need to fill orders. Track and trace optimizes routes, reducing that lead time and providing financial and environmental benefits. It should come as no surprise, then, that organizations employing track-and-trace systems outperform their competitors.

INSIGHT INTO GLOBAL CHAINS

New governmental regulations, particularly the European Union’s Corporate Sustainability Due Diligence Directive, have hastened the adoption of track-and-trace methods among some of the world’s leading companies.

INSIGHT INTO GLOBAL CHAINS

New governmental regulations, particularly the European Union’s Corporate Sustainability Due Diligence Directive, have hastened the adoption of track-and-trace methods among some of the world’s leading companies.