Thursday, July 25, 2024

Top 5 This Week

Enabling a Deeper Insight to Facilitate a More Effective Clean Up of Your Supply Chain

Altana, the world’s first Value Chain Management System, has officially announced a partnership with Epoch Blue, an environmental monitoring and Scope 3 emissions decarbonization platform. Together, the companies will aim to create unprecedented transparency and decarbonization capability across agriculture and forestry supply chains. Under the agreed terms, the partnership will combine Altana’s Value Chain Management System with Epoch Blue’s environmental intelligence and insetting capabilities. This it will do for the sole purpose of enabling Altana’s users to employ Epoch Blue’s comprehensive environmental monitoring capabilities and provide full traceability, environmental impact analysis, and decarbonization levers across agricultural and forestry supply chains. Talk about the whole value proposition on a slightly deeper, we already referred to how the partnership will conceive end-to-end traceability of the carbon and deforestation impact attached to agricultural commodities across the industry’s entire value chains, but what we still haven’t covered is the promise of allocating environmental outcomes. You see, organizations can come expecting an ability to allocate environmental outcomes of a product to specific entities in a value chain, thus creating optimal transparency, accountability, and improved economics. Another thing the end user should be able to expect here is rooted in the chance to generate Product Carbon Footprint (PCF) for products with global and complex value chains.

“The combination of traceability of supplier and distribution networks and globally scalable and cost-effective environmental monitoring is a key to unlocking the decarbonization of global supply chains,” said Jinal Surti, co-founder and CEO of Epoch Blue. “These integrated capabilities are a global first and we are thrilled to be able to help our customers with complex supply chains manage decarbonization in a way that has low overhead and is minimally disruptive to their core operations. More importantly, this has the potential to significantly accelerate the timeline for our customers to reach net-zero.”

Moving on, the partnership will also ensure a markedly seamless collaboration between suppliers and buyers within the Altana platform. This, in turn, will enable smooth upstream and downstream sharing of information via company and product profiles. Rounding up highlights for us would be the decarbonization incentives. Accessible through Epoch Blue, these incentives will come in handy especially when the agenda is to engage suppliers on decarbonization interventions.

In order to understand the significance of such a development, we must take into account how, on an annual basis, nearly 10 gigatons of CO2e emissions are generated just from growing ingredients and commodities across more than two billion farms globally.

“This is an important step toward a global net zero carbon footprint for public and private organizations alike,” said Evan Smith, co-founder and CEO of Altana. “We are thrilled to join with Epoch Blue, enabling customers to ensure their suppliers are using their land sustainably, and to reduce their carbon footprint. The Altana platform offers a unified approach to managing extended supplier and distribution networks that is built on the only dynamic, intelligent map of the global supply chain, and Epoch Blue’s data makes us that much more valuable to our customers.”