Supply chain provenance and its strategic importance

Knowing where your raw materials come from and how they get to you is super important these days. People want to know you're being honest about where things come from, and that you're not harming the planet. Let's break down how to do this in simple terms.

Using tech to track things

a. Using Blockchain

What it means: Blockchain is like a digital diary that can't be messed with. It keeps a record of each step a material takes.

Example: One company used blockchain to see every step of where their wood came from and made sure it was all above board.

b. Using IoT gadgets and RFID tags

What it means: These are tiny tech pieces that give real-time info on where goods are.

Example: A company used these tags to keep a close watch on their organic cotton, making sure it stayed organic.

c. Using online platforms and cloud storage

What it means: These are online spaces where all the people involved can share and check data.

Example: One company used a cloud platform to let farmers, shops, and processors track where organic cocoa beans went.

Helping suppliers report the right way

a. Offering training

What it means: Make sure suppliers know how to report on where stuff comes from.

Example: One company had online classes every month to teach suppliers about sustainable materials.

b. Giving clear guidelines

What it means: Create easy-to-follow rules on how to report.

Example: A company gave all its suppliers a booklet on how to show their minerals came from safe places.

c. Keeping communication open

What it means: Make sure suppliers can always chat and ask questions.

Example: One company let suppliers chat about any problems in being green, helping to find solutions together.

Making sure sources are green

a. Teaming up with certifying groups

What it means: Work with groups that can give a thumbs-up that materials are truly green.

Example: A company worked with the Rainforest Alliance to make sure their coffee was good for the planet and local people.

b. Regular visits to suppliers

What it means: Pop by suppliers to see that they're doing things right.

Example: A company visited mines regularly to check no kids were working there and that they cared for the environment.

c. Show off green badges

What it means: Proudly show any eco-friendly stamps or awards you get.

Example: One company put their Fair Trade badge big on their tea boxes, which customers loved.

In summary

Being clear about where materials come from is hard work, but it’s worth it. Doing it right means customers trust you, you follow rules, and you're good for the planet. Any modern company should make this a top priority.