Tracing supply chains, an opportunity to advance sustainability at scale
The cosmetics industry consists of numerous complex and multi-tiered supply chains. Gaining deeper knowledge of the sector’s supply chains has become essential to better understand and mitigate risks, enhance resiliency, and improve environmental and social sustainability.The unprecedented health, climatic and geopolitical events of recent years, have been revealing that complexity, causing supply chains disruptions.
In addition, local and international regulations are becoming increasingly more stringent.In light of this, it has become essential to better understand the sector’s supply chains, mitigate the associated risks and support their transition towards a more sustainable and resilient model.
Enabling collective intelligence around traceability approaches in the cosmetics sector
While different individual traceability initiatives have emerged in recent years, the TRASCE consortium was formed to address traceability at scale. The founding members have committed to working collectively to map their supply chains across the entire value chain on a common digital platform, Transparency-One, an ISN Company. In the long-term the consortium aims to develop a collective approach to the risk analysis of social and environmental risks in supply chains, to interpret the data collected and define common progress plans.
In this respect, TRASCE will help respond to three fundamental challenges for the industry bystrengthening the collective understanding of the cosmetics industry supply chains, assessing the related social and environmental risks and determining the necessary actions to support suppliers in their transition.
Transparency-One, a reference partner to deploy this ambitious project
Ingredients or components used, origins, supplier activities and places of transformation, names of suppliers: the Transparency-One platform guarantees each supplier the ownership, security and confidentiality of the data they share. Transparency-One has proven itself in other sectors of activity, such as the food and automotive industries, with the deployment of large-scale traceability approaches.