World Wildlife Fund (WWF) and Amyris, a leading synthetic biology company, announced a new three-year partnership aimed at leveraging science to protect ocean biodiversity with an initial focus on shark populations. This new partnership will support WWF’s global efforts to reverse the downward trends that threaten biodiversity and human well-being by repairing, restoring, and protecting the oceans.
You can’t build a smart strategy if you don’t first get a full picture of what you’re facing. You need to know where your best opportunities are for transitioning your supply chain effectively toward sustainability. You also need to be able to identify crucial issues in your supply chain that could expose your business to potential danger and censure, ranging from health and safety risks from incorrect labeling to serious illegality such as unsafe working conditions, forced labor, or even human trafficking.
KNOW WHAT YOU BUY
Gathering sourcing data allows you to assess the current sustainability of your products, and identify associated risks, so that you can develop an action plan to improve and transition your supply chain.
Conduct a supply chain assessment
A supply chain assessment gives you a broad view of your company’s current sourcing risks and sustainability opportunities.
To start, gather all your sourcing data, and look across it to distinguish as much of the who, what, where, and how as you can for all of the seafood products in your portfolio. WWF can provide a list of common and feasible data elements, also known as Key Data Elements (or KDEs), as a starting point for this assessment. This process allows you to discover where there are gaps or inconsistencies in information. Knowing this will help you assess the current sustainability of your products, and identify associated risks, so that you can develop an action plan to improve and transition your supply chain.
Get traceability systems up and running
Effective traceability is one of the most important tools to end illegal fishing and strengthen sustainability practices.
Companies should be able to track seafood products to their point of origin – in this case that means the fishing vessel or the geographic location of the farm. It is critical that sourcing information can flow easily between points along your supply chain. Common data element collection across supply chain actors and system interoperability are important ways to help ensure information transfer.