{"id":613061,"date":"2024-01-08T00:00:00","date_gmt":"2024-01-08T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/08\/data-driven-supply-chains-trust-transparency-and-the-road-to-sustainability\/"},"modified":"2024-01-08T00:00:00","modified_gmt":"2024-01-08T00:00:00","slug":"data-driven-supply-chains-trust-transparency-and-the-road-to-sustainability","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/08\/data-driven-supply-chains-trust-transparency-and-the-road-to-sustainability\/","title":{"rendered":"Data-driven supply chains: Trust, transparency, and the road to sustainability"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The global push towards sustainability has reached the heart of business operations \u2014<\/strong><strong> the intricate web of connections known as supply chains. <\/strong>Where and how companies source materials, manufacture products, and deliver goods are no longer solely a matter of cost and efficiency. The environmental and social impact of every step is now under scrutiny, driven by stricter regulations, rising consumer awareness, and a collective desire for a greener future.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">The digital key<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The key to achieving sustainability within these complex networks lies in digitisation,<\/strong> specifically harnessing the power of data to illustrate every step of the process. This begins with the adoption of ISO 20022, a standardized approach to payment transaction data. This seemingly technical shift holds immense potential. Embedded within each transaction can be a wealth of information on sustainable practices, labor conditions, and resource utilization throughout the supply chain. Granular data can be like a map, revealing the peaks and pitfalls in terms of environmental and social impact.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The importance of this data goes beyond mere reporting.<\/strong> It paves the way for trust. Consumers and businesses alike are increasingly demanding assurances that their choices align with their values. Transparency is no longer optional \u2014 it's a competitive advantage. When a company can trace a product's journey from start to finish, backed by verifiable data, it earns trust and loyalty. The old proverb comes to mind \u2014 \u2018\u201crust but verify.\u201d Data empowers companies to not only claim sustainability, but prove it.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">A wave of innovation<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This is where the next wave of innovation is poised to emerge. <\/strong>Imagine using procurement cards that not only track your spending, but also capture the carbon footprint of your purchases. This level of insight empowers more informed decision-making, allowing companies to choose suppliers based on their commitment to sustainability practices. This shift aligns with the growing trend of generative AI solutions that are being explored by multinationals and shipping companies to dynamically identify and connect with sustainable suppliers.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>However, data alone is not enough.<\/strong> The true power lies in its standardization and accessibility. Shared data formats and open platforms enable collaboration and collective action across industries. This not only simplifies analysis and assessment, but also fosters trust and accountability throughout the supply chain.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>HSBC, with its global reach, deep expertise in emerging sustainability standards, and<\/strong><strong> commitment to data-driven solutions, is uniquely positioned to guide businesses on this journey. <\/strong>We finance industries that significantly contribute to emissions, and we understand the urgency of acting upon it. Our goal is to be a partner in sustainability, empowering our customers to reduce their environmental impact and build resilient, responsible supply chains.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The path to a sustainable future<\/strong> lies not just in cleaner technologies and greener materials, but also in the invisible threads of data connecting every stage of the production and delivery process. By embracing digitisation, standardization, and transparency, we can unlock the true potential of our supply chains, transforming them from conduits of consumption to engines of positive change.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">By Kyle Boag (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/kyleboag\/?originalSubdomain=ae\" style=\"\" rel=\"noopener\">LinkedIn<\/a>), Regional Head of Global Payments Solutions, MENAT, HSBC.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The global push towards sustainability has reached the heart of business operations \u2014 the intricate web of connections known as supply chains. Where and how companies source materials, manufacture products, and deliver goods are no longer solely a matter of cost and efficiency. The environmental and social impact of every step is now under scrutiny, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":613062,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7351],"tags":[2284,72,490],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-613061","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-a-message-from-hsbc","tag-a-message-from-hsbc","tag-enterpriseam","tag-hsbc","wpautop","entry"],"acf":{"mongo_id":"3af32af6-3e60-44ed-adbd-8b26e110f29f","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/1\/310.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Data-driven supply chains: Trust, transparency, and the road to sustainability","related_issue":[613046],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.1dbb3b77-69f7-42c8-8c3d-86f5e606155e.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Data-driven supply chains: Trust, transparency, and the road to sustainability - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2024\/01\/08\/data-driven-supply-chains-trust-transparency-and-the-road-to-sustainability\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Data-driven supply chains: Trust, transparency, and the road to sustainability\" \/>\n<meta property=\"og:description\" content=\"The global push towards sustainability has reached the heart of business operations \u2014 the intricate web of connections known as supply chains. 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But the role that SMEs need to play in the\u2026","rel":"","context":"In &quot;A MESSAGE FROM HSBC&quot;","block_context":{"text":"A MESSAGE FROM HSBC","link":"https:\/\/enterpriseam.com\/egypt\/category\/a-message-from-hsbc\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/217.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":615903,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/26\/global-trade-faces-its-biggest-transformation-in-decades-and-businesses-must-adapt\/","url_meta":{"origin":613061,"position":2},"title":"Global trade faces its biggest transformation in decades, and businesses must adapt","author":"enterpriseam admin","date":"26 February 2024","format":false,"excerpt":"The impact of geopolitics on supply chains, and the pace at which trade and investmentflows have shifted over the past two years are topics that will be keenly discussed at the World Trade Organization\u2019s (WTO) ministerial meeting in Abu Dhabi this week. Whilst shipping challenges caused by tensions in the\u2026","rel":"","context":"In &quot;A MESSAGE FROM HSBC&quot;","block_context":{"text":"A MESSAGE FROM HSBC","link":"https:\/\/enterpriseam.com\/egypt\/category\/a-message-from-hsbc\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2427.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":655388,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/18\/navigating-egypts-trade-transformation-a-glimpse-into-the-future\/","url_meta":{"origin":613061,"position":3},"title":"Navigating Egypt\u2019s trade transformation: A glimpse into the future","author":"enterpriseam admin","date":"18 November 2024","format":false,"excerpt":"Egypt stands at a critical juncture and may reshape its role on the global stage as the world of trade undergoes a seismic transformation. Five emerging trends\u2014service trade growth, supply chain shifts and sustainability, trade digitisation, business-to-business platforms, and embedded finance\u2014are reshaping trade globally, and Egypt\u2019s ability to embrace them\u2026","rel":"","context":"In &quot;A MESSAGE FROM HSBC&quot;","block_context":{"text":"A MESSAGE FROM HSBC","link":"https:\/\/enterpriseam.com\/egypt\/category\/a-message-from-hsbc\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/ads\/imgs\/337.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":567767,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/07\/youll-be-back-to-pre-covid-profit-levels-by-2022-an-hsbc-survey-says\/","url_meta":{"origin":613061,"position":4},"title":"You\u2019ll be back to pre-covid profit levels by 2022, an HSBC survey says","author":"enterpriseam admin","date":"7 December 2020","format":false,"excerpt":"Egyptian businesses are starting to see through the covid gloom: Almost nine in 10 (89%) Egyptian businesses forecast revenue growth in 2021 and 83% expect their bottom lines to return to pre-covid levels by the end of 2022, according to the results of an HSBC poll. The bank\u2019s 2020 Navigator\u2026","rel":"","context":"In &quot;SENTIMENT&quot;","block_context":{"text":"SENTIMENT","link":"https:\/\/enterpriseam.com\/egypt\/category\/sentiment\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/12\/112.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":577774,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/05\/growing-internationally-with-metito\/","url_meta":{"origin":613061,"position":5},"title":"Growing internationally with Metito","author":"enterpriseam admin","date":"5 December 2022","format":false,"excerpt":"Metito, a leading sustainability business, is able to unlock large scale circular water projects in MENA via sustainability-linked funding from HSBC: The world\u2019s natural water resources are facing an unprecedented challenge. 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