Supply chain transparency is not just knowing where your products are; it equally applies to risk management. You’ll never break the chain sort of thing. In this context, it is only logical that supply chain compliance is approached holistically: no more fragmented product classification, license requirements, denied party screening and certification processes but a single, unified approach towards supply chain risk or compliance. The movement towards a single compliance program is not coincidental: party, product, and transactional compliance are everywhere, sometimes hard to distinguish from one another, and a landslide away from their original setup decades ago. Legislation, a more holistic view of compliance programs, and the progression of software solutions are the drivers that have forced and/or facilitated the unification of processes.
