In today's interconnected and fast-paced world, the significance of material traceability cannot be overstated. From the clothes we wear to the food we consume, understanding the journey and origin of the materials used in products has become paramount for individuals, businesses, and regulators alike.
The global marketplace is increasingly demanding greater transparency and accountability. Consumers are seeking reassurance about the sustainability, ethical sourcing, and safety of the products they purchase. They want to know if the materials used are responsibly sourced, if environmental regulations were adhered to, and if workers were treated fairly throughout the supply chain.
At its core, material traceability refers to the ability to track and trace raw materials, components, and finished products throughout the supply chain.
Read our article to discover how material traceability offers transparency, accountability, and the ability to address critical concerns such as sustainability, ethical sourcing, and product safety. This article discusses what material traceability entails, the challenges it presents, and a solution proposed by Deloitte and SAP, which will be detailed in relevant use-cases.