The ROI of Improved Traceability in Supply Chain

As enterprises adjust to evolving global trends and customer expectations, the need for greater visibility into product data is coming to the fore. Knowledge of product components’ origins, and their journey to the consumer, is growing in importance. Companies must invest in new strategies and technologies to improve their ability to serialize and trace their products, which prevents improper reproduction or use of a company’s products and enables quick recalls when problems are discovered. Companies and customers are more invested in sustainability initiatives throughout the supply chain, and serializing — and automating the serialization — of products provides increasing ROI.