The document discusses issues with current supply chain management practices and visibility. It notes that most companies still rely on spreadsheets to manage supply chains and have limited visibility. It then introduces some open source standards and specifications like OpenChain, SPDX, and the OpenChain Security Assurance Specification that can help address these issues by providing standardized processes for areas like license compliance, security assurance and software bills of materials. It encourages adopting these standards and participating in related communities and events to help improve supply chain management.