What if everyone in a supply chain could benefit from the growing green economy? With circular supply chain, the seemingly impossible is now possible.
Circular production to transform supply chains
Our Circular supply chain capability leverages cutting-edge technologies and a collaboration with Mastercard, Amazon Web Services, Everledger and Mercy Corps to promote financial inclusion, empower consumers, and incentivize sustainable practices.
Provides controlled, shared access to applicable data and the ability to trace and verify actions as a commodity moves through its supply chain.
Leverages biometrics and facial recognition to verify that each supply chain participant is linked to the right digital identity.
Biometric payment solutions share the producer’s story and lets the consumer send a direct, secure tip with fast settlement and cash endpoints.
Better resource planning and utilization, captures product authenticity and confirms labor sources for more achievable corporate sustainably targets.
Adopting technologies that support rising consumer interest in product provenance will position companies to thrive in the digital world.
Positive Social Impact
Circular supply chain holds the potential to change how food, and retail goods are produced, enhancing producer’s incomes and environmental outcomes.
The opportunity in agriculture
The key to sustainable production is changing the dynamics at the point of origin. Small producers carry a disproportionate weight of assuring sustainable practices are followed, often at increased cost and reduced yield.
A prime example raising concerns worldwide is the expansion of palm oil plantations. According to WWF, ~50% of consumer goods contain palm oil. Millions of smallholder farmers depend on it for their livelihood and it’s an important crop for the GDP of emerging economies.
Yet a Manhattan-sized area—about 23 square miles—of orangutan habitat is cleared daily for palm oil plantations. The good news is palm oil can be grown responsibly, protecting nature and benefitting people.
Over 90% of CEOs view sustainability as a strategic imperative. Circular supply chain enables the transparency and financial incentives needed to accelerate the shift to a mainstream sustainable palm oil industry, ensuring it continues to play a key role in food security.
of CEOs see sustainability as important to success
of consumers would pay more for sustainable brands
Consumers can directly tip their farmer, rewarding responsible and sustainable practices
That improves livelihoods
Producers, in-turn, gain additional direct income, driving more diverse consumer markets
A new generation of producers emerges when economic benefits ease access to agriculture insurance and a financial credit history
Improves brand reputation
Processors, distributors, wholesalers and retailers can trace product provenance, creating market differentiation for sustainability and food security.
And mitigates environmental impact
Visibility into consumer demands enables effective inventory and harvest management, reducing enormous amounts of waste.
Join this effort
Accenture has developed this patent-pending capability, but it is just a start. It will take a global village to turn this capability into a reality.
To accelerate our journey and action plan, we are seeking interested partners to form a collaborative consortium. Participation provides a means to drive innovation and amplify emerging technology investments by furthering your corporate priorities. We invite you to join us as we build a circular supply chain ecosystem for a more sustainable and inclusive world.
Making a difference is a key point of differentiation. Participating in a blockchain-enabled circular supply chain not only improves traceability but creates differentiation through empowering consumers as well as suppliers.