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Hands typing on keyboard, "Blockchain" displayed over city skyline. Addressing supply chain disruptions. - Supply Chain News

Blockchain’s Potential in Addressing Supply Chain Disruptions

10/13/2023
Businesspeople shaking hands, symbolizing a trade agreement or negotiation impacted by increased tariffs. - Supply Chain News

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Compos Mentis Legal Practitioners, a leading Nigerian law firm with offices in Warri, Lagos, and Abuja, continues to set new standards in legal service delivery through innovation, strategic thinking, and a commitment to global best practices. Established in 2007, the firm has grown into a trusted name in dispute resolution, debt recovery, intellectual property, medical law, and corporate advisory. The firm holds the distinction of being the first Nigerian law firm certified to the ISO 9001:2015 standard, reflecting its dedication to quality management, transparency, and client satisfaction. This milestone reinforces Compos Mentis LP’s role as a trailblazer in legal professionalism, setting a benchmark for excellence across Nigeria and beyond. At the heart of the firm’s innovation strategy is Consultus Lawyer, a proprietary digital platform that allows clients—both local and international—to access legal services remotely. Through this platform, the firm provides affordable, high-quality support in a wide range of legal matters, including cross-border disputes and advisory services. Flexible pricing models ensure accessibility for diverse clients, including government agencies, public institutions, community trust boards, individuals, and small enterpr In 2024–2025, the firm recorded an 87.5% success rate across 24 litigation cases, a testament to its rigorous preparation and expert legal strategy. The firm's consistent results and sectoral expertise have been recognized through numerous accolades, including the Dispute Resolution Law Experts of the Year in Nigeria – 2025 by Global Law Experts and the Regional Law Firm of the Year at the 2024 ESQ Legal Awards. Compos Mentis LP has also earned multiple Mondaq Awards in 2024 and 2025 for its contributions to legal thought leadership, particularly in intellectual property and immigration law. These recognitions underscore the firm’s ability to blend deep legal insight with a forward-thinking approach to knowledge sharing. Beyond its commercial achievements, Compos Mentis LP is deeply committed to social responsibility. The firm provides pro bono legal services to indigent individuals and supports host communities in the Niger Delta with legal representation and governance advisory. It also invests in talent development, fostering the next generation of legal professionals through mentorship and continuous learning opportunities. As Compos Mentis LP expands its reach and digital capabilities, it remains grounded in its core values: excellence, access to justice, and service to the community. With a proven track record, global outlook, and commitment to legal empowerment, the firm is positioned as a leader in Nigeria’s evolving legal landscape. To learn more, visit: https://compos-mentis.com #ComposMentis #LegalInnovation #DisputeResolution #AccessToJustice #ConsultusLawyer #ISO9001Certified #RuleOfLaw #NigeriaLegal #LawFirmOfTheYear #GlobalLegalStandards

Compos Mentis Legal Practitioners Nominated for Go Global Awards 2025

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Blockchain’s Potential in Addressing Supply Chain Disruptions

by Anne C
10/13/2023
in Blockchain in Supply Chain, Industry

In the face of increasing supply chain disruptions, blockchain technology is emerging as a potential solution for enhancing efficiency and oversight. Traditionally, many companies have limited visibility over their supply chains, often only directly aware of their immediate suppliers. This lack of comprehensive oversight is increasingly challenged by regulatory changes and crises, such as the semiconductor shortage, bans on specific materials, and the emphasis on tracking Scope 3 emissions. These factors are driving industries to seek a more complete mapping of their supply chains.

Blockchain’s Advantages in Supply Chain Management

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Paul Brody, EY’s global blockchain leader, suggests that the era of minimal supply chain oversight is ending. Companies are recognizing the importance of understanding their supply chains to mitigate risks. Brody advocates for blockchain as a solution that could address some of the limitations of traditional supply chain tracking methods.

In contrast to conventional systems that silo information at different stages of the supply chain, blockchain allows for the creation of digital tokens that correspond to specific products or components. These tokens can move down the supply chain alongside the physical items, providing a comprehensive and dynamic record of their journey and provenance.

Efficiency and Accuracy Benefits

Blockchain’s detailed tracking can lead to more accurate inventory management, potentially reducing overhead costs and minimizing errors in data entry. This level of detail could be particularly useful in situations like identifying specific units affected by a defective batch in a product recall.

Challenges and Limitations

Despite its potential, blockchain does not completely eliminate the possibilities of human error or fraudulent activities. Suppliers might still forge documentation, and the technology still requires a degree of trust in third-party verification, such as audits.

Moreover, the adoption of blockchain in supply chain management faces challenges related to trust and privacy. Lower-tier suppliers may be hesitant to share sensitive information on a blockchain system owned by a larger, indirect customer. Additionally, Brody notes that most blockchain designs currently have significant privacy limitations.

Ongoing Developments for Enhanced Privacy

Brody and his team are working on improving the privacy aspects of blockchain supply chain maps. He believes that once these privacy concerns are addressed, blockchain could provide more transparent, accountable, and efficient solutions for supply chain management.

Conclusion

Blockchain technology holds the promise of revolutionizing supply chain management by offering greater transparency, efficiency, and accountability. However, its successful implementation will require overcoming challenges related to trust, privacy, and integration with existing systems. As these obstacles are addressed, blockchain could play a pivotal role in transforming how companies oversee and manage their supply chains.

Stay updated with supply chain news at The Supply Chain Report. Learn more about international trade at ADAMftd.com with free tools.

#BlockchainInSupplyChain #SupplyChainEfficiency #SupplyChainTransparency #DigitalTokens #InventoryManagement #EYBlockchain #SupplyChainInnovation #Scope3Tracking #BlockchainForTracking #SupplyChainPrivacy #BlockchainChallenges #SupplyChainSolutions #TechInLogistics #PaulBrody #SupplyChainResilience #SupplyChainTracking

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The Supply Chain Report is your essential daily news website, serving as a trusted source for comprehensive coverage of the complex and ever-evolving global supply chain dynamics. Our expert team delves into the intricacies of international trade, manufacturing, logistics, importing, exporting, and supply chain management; providing in-depth analysis and up-to-date news on the latest trends, disruptions, and technological advancements affecting industries worldwide. From detailed reports on international trade through to insights into procurement strategies and inventory management, we offer valuable content that helps professionals stay informed and make knowledgeable decisions in a fast-paced market.

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