Building Bridges of Security, Sovereignty and Trust in Business and Industry 27th Edition | Page 65

Integrity and Transparency for Trustworthy Supply Chain
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INTRODUCTION
Limited information and strategic understanding of supply chains in Government and Industry are largely due to inconsistent data standards, proprietary information, and a tactical focus on information sharing. In this environment, nations with the ability to require stakeholders to provide information about their supply chains and details about products find it easier to gain supply chain visibility.
New environmental and labor reporting laws [ 1, 2 ] requiring supply chain insight in a cooperative rather than coercive fashion are driving the creation and sharing of standardized supply chain data with built in integrity and identity mechanisms that if used as designed will provide data that is trustworthy and detailed.
This new data could also be used, collectively, to understand the supply chains themselves, creating opportunities to gather detailed information from individual participants that can be correlated, anonymized and then widely shared as information about the overall flows of material and goods across industries and sectors.
This type of insight into supply chain flows will improve Industry’ s ability to assess their supply chain risks from availability and constraints of goods and materials, more effectively manage the
60 May 2025