The modern supply chain is undergoing a digital transformation. While concepts like blockchain and lifecycle assessment (LCA) might seem distinct, they share a crucial connection with this digitization: the need for and creation of better data to drive efficiency and sustainability. This post explores the relationship between these key elements.
Digitizing Your Supply Chain
Digitizing a supply chain means moving from traditional, often manual and paper-based processes to digital systems. Arkive's software contributes to this digitization by providing a platform to:
- Collect and analyze real-time data across the supply chain.
- Increase visibility into product flow and inventory levels.
- Automate key processes, improving efficiency and reducing errors.
Lifecycle Assessment (LCA)
New EU regulations are increasing the demand for proof of circularity by 2027. This necessitates accurate lifecycle assessments (LCA) to measure the environmental impact of products from cradle to grave. Digitized supply chains provide the data foundation for these LCAs, enabling businesses to track energy consumption, waste generation, and emissions at each stage.
The Common Thread: Data and Transparency
Ultimately, digitization, blockchain, and LCA all rely on and contribute to better data and increased transparency within the supply chain. This shared reliance leads to:
- Improved decision-making: Real-time data allows for more informed choices about sourcing, production, and distribution.
- Enhanced sustainability: Transparency enables businesses to identify areas for improvement and track progress towards sustainability goals.
Arkive's Role
Arkive's platform leverages digitization to provide businesses with the data and insights needed to manage their supply chains more efficiently and sustainably. By integrating data collection, analysis, and reporting, Arkive facilitates the transition to a more transparent and circular supply chain.
Conclusion
Digitizing the supply chain is essential for achieving both efficiency and sustainability. By embracing this transformation and utilizing tools like Arkive's platform, businesses can meet the demands of a changing world and build a more resilient and environmentally responsible future.