Industry leaders from renowned brands discuss crucial supply chain issues.
- The conversation highlights the need to embrace digital product passports.
- Data management emerges as a critical element in the supply chain.
- The podcast provides tips to tackle supply chain compliance hurdles.
- Experts share insights on the future of supply chain management.
At the 2024 Drapers Supply Chain Summit, key figures from Harrods, Neem London, Deckers Brands, and Infor Nexus gathered to shed light on the pressing challenges of supply chain compliance. The discussion underscored the significance of adapting to new technologies and methodologies to enhance the efficiency of supply chains.
Nick Reed, the founder of Neem London, emphasised the inevitability of digital product passports. “People need to wake up to product passports,” Reed stated. “It’s going to happen, so just get on with it.” These passports are poised to streamline the tracking and verification of products, offering a transparent view into supply chains.
The summit further explored the intricacies of data management, crucial for a compliant supply chain. As businesses collect more data, effective management systems are necessary to ensure its use aligns with regulations and enhances operational effectiveness. The leaders discussed how companies can stay ahead by investing in robust data handling frameworks.
Practical advice was shared by the industry leaders on navigating these compliance hurdles. By adopting innovative tools and practices, companies can not only comply with regulations but also gain competitive advantages. The podcast episode serves as a valuable resource for understanding these dynamics.
As supply chain landscapes evolve, having foresight into these changes allows businesses to adapt proactively. The insights shared by the experts provide a roadmap for future-ready supply chain management.
The insights from industry leaders at the summit highlight the importance of embracing innovation to achieve supply chain compliance.
