Supply Chains

challenge

only 6%

of firms have full visibility over their supply chain

57% of firms

consider their Supply Chain as a competitive advantage

3.3%

Trade in counterfeit and pirated goods has risen steadily and now stands at 3.3%

Supply chain participants store their data in their own information systems, resulting in difficulties to share and track information.

This is compounded by the dependence on paper-based processes in critical steps of the chains. And consequently, data is not only siloed but also subject to accuracy and integrity issues requiring burdensome reconciliation efforts by participants. This results in a lack of accuracy, visibility, efficiency and trust leading to billions of dollars lost worldwide across supply chains.

Full visibility over their supply chain has become a top priority for firms, but only 6% of firms have reached this target, with 77% of them having either no visibility or a restricted view.

A new approach is necessary where every transaction is accurate, assured and automated leading to a symmetric shared source of truth and enhanced visibility. This is essential so that organizations can enhance traceability and operational efficiency to achieve remarkable cost savings, free up working capital, mitigate disruption risks and ensure product authenticity and provenance.

we believe that this new approach is key to unleashing a new wave of productivity gains while enhancing sustainability. 

That’s why we have created a novel solution based on interconnected functional blockchains that enables real-time collaboration along the entire supply chain, providing end-to-end visibility.

solution

Product
traceability

Product authenticity
and provenance

Process
transparency

Process digitization
and streamlining

benefits

1

Full end-to-end supply chain visibility, leading to enhanced coordination, reliability and efficiency: disruption risk mitigation, better capacity utilization, cost reductions and working capital optimization

2

Full traceability of product and processes providing trustworthy auditable product authenticity, provenance and sourcing information

3

Enhanced product safety though real time traceability and environmental conditions monitoring (e.g., cold chains) allowing effective and efficient responses to safety incidents

4

Reduced disputes among the different counterparts in a supply chain, saving the time and effort required to solve them

5

Reduced paperwork and data reconciliation efforts, leading to significant cost efficiencies

6

Enhanced ESG compliance and reporting to clients, investors and other relevant stakeholders