Supply chain professionals want more collaboration!

As many as 90% of professionals believe the global supply chain needs more collaboration to improve efficiency, ensure compliance, avoid penalties and reduce costs, according to a survey conducted by Loftware, a corporate labeling specialist.

🔗 The supply chain ecosystem of the future

In the survey, which included representatives from various industries in 55 countries, as many as 84% of companies indicated that it would be beneficial to create an ecosystem in which supply chain partners could share access, data and standards. With cloud technology, flexible management of product labeling is possible, simplifying processes and supporting digital transformation.

🛡️ Solving compliance problems

Inadequate labeling and lack of automation generate billions of dollars in costs for companies! As many as 70% of companies with revenues of more than $1 billion are forced to repackage goods from suppliers. At the same time, 77% of respondents indicate that controlled access to labeling systems can minimize these problems.

💡 Technology innovation: AI, cloud and digital product passports (DPPs).

Technology plays a key role in building transparent and resilient supply chains:
* 78% of professionals see the potential of AI in detecting counterfeits,
* 59% of companies are already using serialization in logistics processes,
* 68% recognize the cloud as a key element in product tracking.

Digital product passports allow better management of the product lifecycle by providing information about the origin, ingredients or sustainability practices of products.

Already 54% of professionals agree that DPPs increase the transparency and sustainability of their operations.

The future of the supply chain is a combination of technology, collaboration and innovation. 🌐

💡 elcaro can help you achieve these goals! Contact us to learn more about solutions to support digital transformation and optimize supply chain processes.