Every supply chain participant is experiencing unprecedented degrees of connection. Brands are more global and influential than ever before. More suppliers are being linked to more downstream partners in ways that we could not have predicted even a decade ago.

1. Supply Chain Blind Spots
That You Might Be Missing

2. About Cozentus Technologies
• Cozentus is a complete business solutions provider transforming operational
productivity and efficiency of businesses across Supply Chain Management
and Financial Services.
• Operating globally, we bring you the best domain-specific expertise combined
with digital transformation capabilities so your business can thrive in today’s
connected world. Our long-term partnerships and valued relationships
provide the basis for fluid collaboration and an innovative solutions-
orientated approach.

3. Supply Chain Blind Spots That You Might Be Missing
• Every supply chain participant is experiencing unprecedented degrees of
connection. Brands are more global and influential than ever before. More
suppliers are being linked to more downstream partners in ways that we could
not have predicted even a decade ago. Third-party logistics providers (3PLs)
are increasingly important in storage and fulfillment. Through the rise of B2B
eCommerce, even distributors are breaking the pattern.
• Working with additional trade partners entails managing more channels via
which information must be sent, received, and tracked. And since this shift is
occurring so fast with interwoven systems that are growing more complicated
over time, it's causing supply chain "blind spots."

4. The Possibility Of Supply Chain Obscurity
• Lack of supply chain awareness not only has immediate and indirect financial
effects, but it also undermines the company's ethics. Reputations are on the
line. And, in an era when a company's reputation may make or break your
market growth, your whole business is at risk.
• In the 'fast-fashion' sector, there is a persistent ethical concern with supply
chains. The name gives the game away. These organizations must be quick to
market, and as a result, they lose sight of their suppliers. According to Julie
Niederhoff, associate professor of supply chain management at Syracuse
University's Whitman Business School, "there's a trade-off between complete
visibility and the slower speed of getting people on board."

5. Global Executives Back For A "Culture Of Openness."
• A research, commissioned by Harvard Business Review Analytic Services
(HBRAS), discovered that worldwide executives feel a culture of openness is
crucial as organizations strive to exhibit more ethical practices.
• It is not only considered significant, but the survey also discovers that the
most successful organizations are almost twice as likely to be adept at
assessing suppliers. Visibility into the movement of money, commodities, and
services is a distinguishing feature of successful companies. This implies that
corporations must accept responsibility not just for the quality of their
products and services, but also for how they are created.

6. The Cost Of Supply Chain Transparency
• Another problem is that customers are unwilling to pay more for the goods,
thus merchants must increase their ethical standards while maintaining a
steady final price for consumers. According to Drapers' Sustainability Survey,
which was released in June 2019, 60% of retailers that replied claimed the
primary hurdle to becoming more sustainable was that it raises prices.
However, there is mounting evidence that customers are prepared to pay a
premium for items supplied responsibly.
• Despite the significance put on ethical concerns, the most popular reasons for
assessing suppliers continue to be economic. Sixty percent of respondents
choose "value for money," while 54 percent prioritize "cost reductions."

7. Conclusion
• COZENTUS recommends the following steps to mitigate and remain resilient in
the event of a successful exploit in your environment:
• Recommendations from Cozentus:
1. Maintain an inventory of information system components.
2. Determine your key data and establish a baseline for how that data
moves across processes or systems.
3. Deploy artificial intelligence and machine learning analytics to discover
irregularities in data flows that may be early signs of a danger.
4. To separate distinct sections of the organization, use simple network
segmentation.

8. Contact Us
Address
Odisha
3rd Floor, Infinia Tower, Infocity,
Bhubaneswar
751024, Odisha, India
Contact Details
Contact No: +91 977 712 6600 (India)
Email: supplychain@cozentus.com
Website: https://www.cozentus.com/