Preparing for the EU Deforestation Regulation: Using the Delay as a Business Advantage

What is Chain of Custody?

Chain of Custody (CoC) refers to the process of documenting and verifying the sequence of custody and control over materials and products within a supply chain.

In the context of supply chain traceability, CoC is crucial for ensuring transparency from origin through to the final consumer. This involves recording each transfer of material from one handler to another, including harvesting, processing, transportation, and distribution. 

For traceability companies, establishing a clear and auditable CoC is essential for certifying the authenticity of products, validating sustainability claims, and complying with legal and regulatory requirements. CoC serves as a backbone for systems aiming to ensure ethical sourcing, prevent counterfeiting, and support responsible environmental and social practices within supply chains.

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Supply Chain Transparency

Supply Chain Transparency refers to the extent to which a company discloses information regarding the practices, partners, policies, and origins within its supply chain.

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Digital Twin

In supply chain management, digital twins can model and monitor supply chain operations, predict outcomes under various scenarios, and optimise performance.

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Immutability

Immutability refers to the characteristic of data or records that cannot be altered or deleted after being recorded. This principle is a cornerstone in the realm of digital transactions, underpinning the reliability and security of data management systems.

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