Businesses today are facing unprecedented pressure from stakeholders to have greater visibility and engagement across their supply chain. Building trust has become even more challenging as digital transformation disrupts the status quo.
Accenture Strategy works with organizations to identify the traceability and transparency capabilities, solutions and partnerships that will generate value and build trust:
Understand new risks and opportunities in a highly engaged and digital market: Determine where companies are vulnerable across their end-to-end value chain (e.g. sourcing locations, supplier relationships, consumer engagement); quantify the value at stake and develop focused traceability and transparency strategies.
Leverage digital technologies to manage risks and drive engagement across the value chain: Assess the digital technology landscape to identify and implement the appropriate tools to achieve product and performance visibility across the end-to-end value chain and support digitally enabled information exchange.
Build trust by meeting stakeholder expectations and demonstrating understanding: Identify and help build partnerships for collaboration across the end-to-end value chain, and support proactive sharing of agreed product insights, plans and progress information at the right time, with the right people, through the right channels.
Strengthen organisational ethics, conduct and culture to build stakeholder confidence: Review company culture, engage stakeholders, develop interventions and create buy-in to drive continuous improvement in ethics and culture leading to improved decision making and corporate trust.
By better navigating the trust, traceability and transparency journey business leaders can turn costs and risks into business opportunities.