Regulatory Landscape: Government Initiatives to Enhance Supply Chain Transparency
Governments globally are implementing initiatives to enhance supply chain transparency. Through legislation, industry guidelines, public-private partnerships, and technology adoption, governments are driving the importance of supply chain transparency, responsible business conduct, and sustainable development. These initiatives require companies to disclose information about their supply chains, collaborate with industry stakeholders, explore digital solutions like blockchain, and empower consumers with product information. By creating a strong regulatory landscape, governments are promoting accountability, protecting consumer interests, and fostering a more transparent and responsible global supply chain.