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UNECE Advances Efforts in Supply Chain Transparency and Digital Connectivity

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UNECE Advances Efforts in Supply Chain Transparency and Digital Connectivity

by Daisy D.
07/09/2024
in Supply Chain Transparency

Geneva – The United Nations Economic Commission for Europe (UNECE) is intensifying its efforts to enhance supply chain transparency and digital connectivity within transport corridors to bolster sustainable economic integration. These initiatives were highlighted during the ongoing UNECE Sustainable and Digital Trade Facilitation Week, which features the 42nd UN/CEFACT Forum (8 – 10 July) and the 30th UN/CEFACT Plenary (11-12 July).

The digital exchange of trade data and documents promises to streamline operations, cut costs, improve transparency, and facilitate data analysis. Despite these potential benefits, current efforts remain fragmented across different supply chain sectors, posing interoperability challenges that hinder economic growth and sustainability.

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In response to mounting global demand for verifiable sustainability data, particularly in major markets like the European Union, UNECE is expanding its efforts to scale transparent supply chain tracing. This includes advocating for comprehensive sustainability data across entire supply chains, not just final products.

“Tackling current global challenges requires continuous innovation in digital solutions to mitigate trade disruptions and foster inclusive progress,” remarked UNECE Executive Secretary Tatiana Molcean during the event’s opening session. “By adopting UNECE digital tools, we can streamline cross-border transactions, enhance customs efficiency, and promote resilient and ethical global trade.”

Ambassador Vincenzo Grassi, Permanent Representative of Italy to the International Organizations in Geneva, underscored the role of UNECE-developed digital tools and standards in standardizing product origin information and sustainability compliance. These tools facilitate real-time data sharing, supporting enhanced risk and operations management capabilities.

To address concerns over greenwashing and ensure credible sustainability claims, UNECE is finalizing Recommendation No. 49 “Transparency at Scale.” This recommendation, to be discussed at the 42nd UN/CEFACT Forum and the 30th UN/CEFACT Plenary, aims to establish the United Nations Transparency Protocol (UNTP) for global supply chains by 2025. The UNTP seeks to validate ESG standards adherence, restore consumer trust, and incentivize sustainable business practices.

Furthermore, UNECE is championing the development of digital product passports to promote responsible consumption and production choices. These passports, leveraging robust data integrity, aim to inform consumers and businesses about product sustainability and production conditions.

In parallel, UNECE continues to focus on enhancing the digital connectivity of transport corridors. By promoting the adoption of digital trade facilitation measures such as Single Window, UN/EDIFACT, and UN/LOCODE standards, UNECE aims to reduce trade costs and enhance efficiency across global supply chains. These efforts are crucial for enabling economies to participate effectively in regional and global value chains, supporting sustainable growth and development.

Your source for supply chain report news updates: The Supply Chain Report. For international trade insights and tools, head to ADAMftd.com.

#SupplyChainTransparency#DigitalConnectivity#GlobalTradeFacilitation#SustainableSupplyChains#SupplyChainNews

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