challenges & Impact
challenge
&
impact
Lack of Transparency Across the Supply Chain
Impact: This leads to a lack of accountability, makes regulatory compliance difficult, and prevents companies from verifying the authenticity and origin of products.
Modern supply chains are complex, often spanning multiple regions, vendors, and transportation modes. Traditional tracking methods are fragmented, resulting in insufficient visibility into product movements, ownership, and status at various stages.
Insufficient Data Capture Across the Value Chain
Impact: Without critical data, organizations struggle to identify inefficiencies in the supply chain, make accurate demand forecasts, and optimize processes to increase operational efficiency.
Increased Risk of Counterfeit Products
Impact: Companies struggle to protect their brands and consumers from counterfeit goods, leading to potential legal issues and financial loss.
Inefficiencies in Product Recall
Impact: Delayed responses lead to greater health, safety, and financial risks, and sometimes irreparable brand damage.
impact
This leads to a lack of accountability, makes regulatory compliance difficult, and prevents companies from verifying the authenticity and origin of products.
Without critical data, organizations struggle to identify inefficiencies in the supply chain, make accurate demand forecasts, and optimize processes to increase operational efficiency.
Companies struggle to protect their brands and consumers from counterfeit goods, leading to potential legal issues and financial loss.
Delayed responses lead to greater health, safety, and financial risks, and sometimes irreparable brand damage.