Thepayoff of efforts to improve supply chaintransparency variesby business model and industry, but there are benefits organizations canreap.Perhaps the most obvious benefit is compliance with increasingly stringentregulations. Transparent in supply chains also reduce reputational risk andstrengthen thecompany's position as atrusted company. It also aid in attracting and retainingyour employees whowant to work for responsible companies. And as such,Supply chain transparency helps companies retain a safety and quality standards, minimize risks and build consumer confidence. The improved visibility will allow these companies to make better informed decisions about business strategies, investment risks, purchases and regulatory requirements. There's no doubt that supply chains have become increasingly complex as business markets have gone global. Unfortunately, this complexity has made it difficult for many businesses to maintain in-house supply chain transparency, let alone improve public translucence. This translates to ineffective oversight that leads to increased risks and a lost opportunity to capitalize on the benefits of building transparency.

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