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Sphera Launches Transparency Solution to Enhance Risk Management and Compliance

by Giezel Garcia
10/17/2024
in Supply Chain Transparency

Sphera has introduced a new platform that integrates Supply Chain Sustainability (SCS) and Supply Chain Risk Management (SCRM) into one comprehensive solution, offering organizations greater visibility across their entire supply chains. The Supply Chain Transparency (SCT) product line is designed to help businesses manage risks, sustainability efforts, and regulatory compliance more effectively.

As global scrutiny of supply chains increases, various regulatory frameworks such as the EU Corporate Sustainability Due Diligence Directive (CSDDD), the German Supply Chain Due Diligence Act (LkSG), the Carbon Border Adjustment Mechanism (CBAM), and the EU Deforestation Regulation (EUDR) are pressuring companies to address the human rights and environmental impacts of their supply networks. Sphera’s SCT platform aims to support organizations in meeting these evolving demands by providing end-to-end visibility to navigate the complex landscape of risk and compliance.

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Paul Marushka, CEO of Sphera, noted the challenges faced by supply chains today, citing disruptions due to extreme weather events, economic changes, cyber incidents, and increasing ESG-related risks. He emphasized that businesses are under mounting pressure to align with global Environmental, Social, and Governance (ESG) regulations, as well as meet consumer demands for transparency and ethical sourcing practices. Marushka explained that a holistic approach to managing supply chain risks and sustainability is crucial in helping companies mitigate potential disruptions and build more resilient, adaptable supply chains.

Explore comprehensive supply chain news at The Supply Chain Report. Those interested in international trade can visit ADAMftd.com for free tools.

#RiskManagementInnovation #SupplyChainTransparency #ComplianceSolutions #SpheraTech #SustainableSupplyChains

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  • Home
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  • Compliance
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    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
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    • Trade Policies
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  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
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    • Fraud & Scams
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    • Security Protocols
    • Data Protection
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    • Upcoming FREE Educational Webinars

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.