What is 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. This concept is fundamental to building trust with consumers, investors, and other stakeholders by allowing them to see the ethical and environmental impacts of the supply chain operations.
For supply chain traceability companies, achieving transparency means providing accessible, accurate, and timely information about the source, manufacturing conditions, and journey of products. This includes details on labour practices, environmental management, and corporate governance.
Related terms
Distributed Ledger Technology (DLT)
Distributed Ledger Technology (DLT) refers to a decentralised database that is consensually shared and synchronised across multiple sites, institutions, or geographies, making it accessible to multiple participants.
Timber Traceability
Timber Traceability refers to the ability to track the origin and movement of timber and timber products through all stages of the supply chain, from the forest to the final consumer. This process involves documenting each step of the journey to ensure the legality and sustainability of the timber sourced.
Identities
Identities refer to the unique representation of individuals, organisations, devices, or software within a network or system. Digital identities can include a wide range of information, such as usernames, digital certificates, and cryptographic keys, used to authenticate and authorise entities in digital transactions and interactions.