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
Sustainability
Sustainability in the context of supply chain management refers to the development and implementation of environmentally responsible and socially equitable business practices throughout the supply chain. It aims at meeting the needs of the present without compromising the ability of future generations to meet their own needs.
Deforestation Legislation
Deforestation Legislation encompasses the body of laws enacted by governments to control, limit, or entirely prevent deforestation globally.
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.