A key challenge of supply chain compliance management is access to reliable real-time information. Apps and technology tools can offer a possible solution, though they also come with some risks. There is an increasing array of data analytics products utilizing data on the market that seek to support supply chain compliance by providing up-to-date data and other analytics to help businesses navigate increasingly complex supply chain compliance issues. The COVID-19 pandemic has seen even more…
Blockchain technology was born in the midst of the financial crisis and proposed as a means of reliably transferring a store of value without using a bank or other financial intermediary. Bitcoin was the first such blockchain token, and multiple cryptocurrencies have followed. But blockchain use cases extend far beyond the financial world, and some of the more creative uses of blockchain technology have emerged in the supply chain. The numerous benefits of blockchain to…
When multiple industry groups join efforts to push back on regulations proposed by the US Department of Commerce (“Commerce”), it likely means two things: first, the topic is highly relevant to many US businesses, and second, the proposed regulations need further refining. Many trade associations and businesses expressed concerns with the highly anticipated proposed regulations issued by Commerce on November 26, 2019 (“Proposed Regulations”) to implement Executive Order 13873, “Securing the Information and Communications Technology…