Navigating the Landscape of EU Deforestation Regulation: Challenges and Opportunities
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Our platform can unlock value and reduce risks by connecting your organisation into a value-generating network spanning global supply chains
A supplier uploads to our platform the basic data about a commodity needed for traceability, such as product references, dates and locations. When customers buy the commodity they add the next layer of traceability data, based on what they do with the commodity, but they don’t need to re-enter the original data. All the parties later in the chain only have to add their own layers of data. This saves time and money compared to all parties needing to keep a complete set of traceability data in their own records.
A supplier can choose to upload additional data about a commodity, and then they can control who can see this information. For example, in-depth operational data or sustainability metrics. The additional data allow a more joined-up understanding about a commodity, and further increase the value to customers in the chain.
A customer can trace a line of supply much more easily when all the data is held on our platform. Information is at their fingertips, not in multiple spreadsheets.
Sustainability data can be integrated into core business data, not separated or siloed. And risks to the business can be acted on more decisively when data is readily available and easy to access.
Also, subscribers to our digital platform can customize reports that help uncover patterns and insights that would otherwise be hard for an organization to access were it only using its own data.
Organizations can find themselves putting a lot of cost and effort into managing supply chain data which are needed for business intelligence, regulators, and financial disclosure. Working with suppliers through farmer connect you can take advantage of a cutting-edge digital platform that optimizes the accessibility and compliance of such data – without having the expense of building and maintaining your own solution.
Many organizations have excellent visibility of their own business and immediate suppliers but much less visibility of what’s happening several links away in the supply chain such as third or fourth level suppliers. Working with suppliers through farmer connect your business can see the bigger picture and sift through aggregated data to identify patterns and predictions.
At farmer connect we focus specifically on data that can be shared between suppliers and customers in the supply chain. Organizations that take advantage of our platform can offer digitalized traceability that gives them an advantage over their competitors that are behind in their traceability journey. Our traces allow the integration of additional customized data such as sustainability metrics.
"Thanks to the farmer connect traceability platform, we have taken a big step forward in transparency of our global supply chain and how we demonstrate that back to our consumers. Segafredo Storia is not only an innovative product series, it is also a symbol of our Group’s values and all the people who made the coffee possible"
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How does the EU Deforestation Regulation (EUDR) affect my business?
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