Too many retailers are struggling to document the complete makeup of their finished products. A 2021 McKinsey survey found that about half of senior supply chain executives can identify the locations of their tier-one suppliers and the key risks facing those suppliers, but only two percent can do the same for tier-three suppliers and beyond.
Increasing Concerns for Ethical & Sustainable Practices
These companies are operating without end-to-end visibility into their supply chains — a shortcoming that not only puts them on the wrong side of consumer preferences, but leaves them vulnerable to disruptions early in the supply chain.
