Q3 Market Perspectives: Achieving transparency and compliance with supply chain data collection

The close ranking of these drivers indicates that companies need meaningful data to report on a number of performance attributes, from sustainability to compliance and governance. The need is definitive, but as demand for data surges, the majority of companies find their ability to provide the required data in a seamless, timely manner, lagging the ambitious reporting demands of the modern, digital world.

Regulations Impacting Supply Chain Compliance

When asked to identify the top regulations impacting their organizations, companies identified the following topics as the most important to their organization.

1. Carbon footprinting
2. CSRD
3. PFAS
4. REACH

Compliance demands supply chain data collection

When asked about the primary motivator for supply chain data collection, respondents across roles identified regulatory compliance as a key driver.

Percent of respondents who cite regulatory compliance as the primary reason for data collection:

Challenges Grow Alongside Supply Chain Complexity

Organizations are expected to comply with a growing number of regulations, particularly on the chemical compliance side. Regulatory bodies including the U.S. Environmental Protection Agency, the European Chemicals Agency (ECHA), and the European Commission all require detailed accounts of chemicals used in products and amounts used.

Companies often scramble to collect missing data from suppliers by issuing surveys manually via email, survey collection tools, or spreadsheets. This approach often yields lackluster results. According to a recent survey of supply chain, sustainability and compliance professionals, conducted by 3E, companies experience several challenges.

For these reasons, companies are investing in tools to help them collect, consolidate and analyze data from across the supply chain.

Top five reported pain points in supply chain data collection:

Data Demand Spurs Investment in Supply Chain Data Solutions

As regulatory reporting requirements escalate, the need for more sophisticated digital solutions also increases. Our supply chain visibility and sustainability platform, 3E Exchange, is designed to simplify and streamline supply chain data collection. Our solution includes data collected from more than 250,000 global suppliers in 15+ languages, providing us with unmatched access to chemical data used in manufacturing. Increase supplier engagement by issuing surveys through the trusted 3E Exchange platform that enables suppliers to respond without revealing sensitive proprietary data. Embedded with regulatory intelligence, our platform adapts to changing regulations to help ensure compliance.

Achieve Greater Compliance and Supply Chain Visibility

3E provides intelligent compliance solutions to ensure safety and sustainability while creating new opportunities for growth. Our unmatched Environmental, Health, Safety and Sustainability (EHS&S) and product-compliance expertise empowers clients to improve chemical and workplace safety, product safety and stewardship, and supply chain visibility.

Actionable intelligence informs globally responsible business practices and improves Environmental, Social and Governance (ESG) performance.