What are the main challenges of achieving supply chain transparency?
The main challenges include data silos, lack of standardization, and resistance to sharing information among stakeholders.
How do data silos affect transparency?
Data silos prevent the free flow of information, making it difficult to track products and ensure accountability.
What role does technology play in overcoming these challenges?
Technology, like blockchain and IoT, can enhance visibility and traceability, helping to break down silos.
Can you give examples of companies successfully improving transparency?
Sure! Companies like Unilever and Walmart have implemented technologies to improve supply chain transparency.
What are the benefits of achieving better supply chain transparency?
Benefits include improved trust, reduced risks, and enhanced efficiency in operations.
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