Sustainability Now Borderline Traceable: Tariffs Meet the Transparency Test
Apr 18, 2025
Recent U.S. tariffs have rattled global trade, prompting businesses to rethink their supply chains. The significance of traceability emerges as a key factor in managing risks related to sustainability and regulatory compliance. Various industries face unique challenges in ensuring transparency, especially retail and electronics. The impact of tariff pressures may force companies to change suppliers, potentially risking environmental and social standards. Discover how geospatial data can improve supplier assessments and resilience in uncertain times.
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Supply Chain Traceability Importance
- Supply chain traceability reveals the origin and production of materials, helping spot risks early.
- It assists companies in avoiding reputational and regulatory risks related to environmental and social issues.
Geospatial Data Enhances Risk Insight
- Knowing supplier locations enables analysis of physical climate risks and environmental sensitivity.
- Without this visibility, companies cannot leverage geospatial data to manage supply chain risks.
Industry Differences in Traceability
- Traceability levels differ widely across industries due to supply chain complexity and integration.
- Paper and forest product companies have higher traceability because of more localized and vertically integrated supply chains.