Minespider - Experts in Traceability

Meet the Circular Supply Chain Experts

Key news and trends in the area of sustainable supply chains and traceability

What is Circular Supply Chain Experts?

Responsible, compliant and circular supply chains are no longer a trend, this is fast becoming a must.

Minespider launched Circular Supply Chains Experts to track all important changes in the industry with the help of the world's top experts responsible practices, circularity, and traceability for supply chains.

Article #1

What are the upcoming trends in supply chain traceability?

5 min read

We asked the top industry experts in supply chain traceability what they expect in the first half of 2024 and what trends they foresee.Experts agree that supply chain traceability enhances transparency by tracking goods from origin to consumer and is increasingly mandated by regulations. Data standardization is crucial for efficient traceability, simplifying compliance and information exchange. Continuous investments in technology are expected to improve supply chain transparency and sustainability. However, the increased reliance on technologies like IoT raises cybersecurity concerns, prompting companies to prioritize secure data collection and storage.

Featured experts

In the year ahead, I see a rationalisation of traceability solutions, with consolidation driven by both the commercial, social and environmental value that each provider can deliver as well as the degree of interoperability that is achievable. I also see a lot of efforts to standardise data governance to facilitate data sharing across jurisdictional and corporate boundaries, in the interest of the common good.

Estelle Levin-Nally
CEO and Founder, Levin Sources

While companies and governments are increasingly addressing traceability and responsible sourcing aspects of their vital supply chains, there remain significant challenges. A toolbox of metrics, standards, certifications, and regulations, backed by cutting-edge technologies like blockchain and IoT, is deployed to tackle these hurdles. Streamlining these measures is in progress to facilitate their implementation and boost their impact.

Jenni Kiventerä, PhD and Patrick Nadoll, PhD
Senior Advisor at EIT RawMaterials

Naturally, the increase in reliance on new technologies will bring a "trend" in investing in and increasing cyber security to identify and address new potential weak spots in the supply chain. It will be interesting to see how the stakeholders approach these latest developments in 2024.

Matthew Gore
Partner, HFW

With market restrictions being placed on material supply it is very likely that the transparency transition will be led by suppliers of raw materials rather than downstream manufacturers. To access G7 markets, suppliers of key materials will adopt traceability systems voluntarily, in order to front-load transparency data and retain preferred supplier status with downstream clients.

Nathan Williams
Founder & CEO, Minespider

In my opinion, sustainability initiatives will and should be perceived as investments in the future. Right now we are implementing the largest blockchain traceability project in tin on our San Rafael mine in Peru. We expect other minerals producers to follow, and traceability to become a more common practice for all minerals, especially the critical ones.

Gonzalo Quijandria
Corporate Affairs & Sustainability Director at Minsur SA

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