Sphera: Enhanced Supply Chain Transparency Becoming Critical

Sphera's research, which takes into account insights from CPOs and CSOs, reveals a concerning lack of transparency beyond Tier 1 suppliers.Amid geopolitical conflicts, complex regulations and uncertain supply routes, Sphera's latest report underscores the vulnerabilities plaguing many current supply chains.As companies navigate choppy waters, the findings highlight a pressing need for critical appraisal of visibility across their networks.Limited transparencySphera's research, which takes into account insights from 500 senior leaders including Chief Procurement Officers (CPOs) and Chief Sustainability Officers (CSOs), reveals a prevalent lack of transparency past Tier 1 suppliers.​​​​​​​While connections at the Tier 1 level are often robust, subsequent layers—comprising Tier 2, Tier 3, and Tier 4—lack visibility.This reluctance primarily stems from suppliers' unwillingness to disclose data regarding their upstream networks. Consequently, the main buyers struggle to gain insight into th...