Supply chains are under closer scrutiny now in many parts of the world as regulations — such as the EU Corporate Sustainability Due Diligence Directive (CSDDD), German Supply Chain Due Diligence Act (LkSG), Carbon Border Adjustment Mechanism (CBAM) and EU Deforestation Regulation (EUDR) — have emerged to hold companies accountable for human rights and environmental impacts within their supply networks. By integrating Supply Chain Sustainability (SCS) and Supply Chain Risk Management (SCRM) into one platform, Sphera’s Supply Chain Transparency (SCT) product line provides organizations with end-to-end visibility across the entire supply chain to effectively manage supply chain risk, sustainability and regulatory compliance.
“Supply chains have been facing unprecedented volatility with network disruptions resulting from extreme weather events, economic trends, cyber incidents and ESG-related risks,” says Paul Marushka, Sphera’s CEO and president. “Companies are also facing growing pressure to meet global ESG regulations and consumer demands for greater transparency and ethical sourcing practices. A holistic approach to managing risk and sustainability in the supply chain not only enables businesses to address risk before it disrupts operations but also enables enterprises to build resilient supply chains that can adapt faster to evolving situations, withstand impacts and recover quickly.”
Key Takeaways:
- The Supply Chain Transparency (SCT) product line from Sphera, the leading provider of Enterprise Sustainability Management (ESM) performance and risk management software, data and consulting services, provides procurement, supply chain and sustainability professionals with an innovative solution for mitigating risk and strengthening their supply chain. Having the ability to proactively monitor risk, collect and assess direct supplier data and comply with evolving standards, helps businesses reduce potential costs associated with risk, gain competitive advantage and build transparent, agile supply chains.
- Sphera SCRM (formerly riskmethods) leverages AI along with a team of risk research experts to validate and manage information from internal and external data sources to provide real-time risk monitoring. Having an improved risk profile helps companies gain competitive advantage with a well-managed approach to ensure business continuity, protect their reputation and reduce the costs related to supply chain risk. Sphera SCRM issues alerts to users, which provide actionable insights that enable companies to implement countermeasures at the earliest opportunity, proactively monitor the situation to address additional developments and mitigate consequences.
