Spark Newsletter – July 2024
This month’s newsletter takes a look at:
A well-oiled supply chain is the lifeblood of any business in today’s globalized economy, but what happens when unrecognized risks suddenly disrupt the supply chain?
The modern supply chain has evolved to be more efficient and interconnected, but it has also become susceptible to a myriad of risks — many of which can go unrecognized until they turn into significant disruptions. By their very nature, supply chain risks can be exceptionally hard to pinpoint.
And while it may be nearly impossible to pinpoint every potential risk in a supply chain, most supply chain risks can be sorted into one of three categories: geopolitical tensions, hidden dependencies and environmental factors. This categorization can help in identifying lurking dangers in the supply chain. And there are tools that can enhance risk recognition capabilities.
Strengthening the ability to recognize risk can help to effectively mitigate potential threats and create a more resilient supply chain that can adapt to changing circumstances and withstand unforeseen shocks.
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The data consumers for MRO: The evolution of ERP
Companies rely on enterprise resource planning (ERP) systems to manage their day-to-day business activities, and it’s imperative to have a master data management (MDM) hub that connects to ERP systems and delivers standardized master data throughout the various systems. By running ERP instances with a centralized MDM platform, data consumers can maintain trust in their data to improve business outcomes and meet sustainability goals.
The EU Carbon Border Adjustment Mechanism
Developed by the European Union, the Carbon Border Adjustment Mechanism (CBAM) is a carbon-pricing tool that aims to equalize carbon pricing on domestic and imported goods. The regulation aims to put a fair price on the carbon emitted from emission-intensive goods produced or sold in the EU. Under the CBAM, manufacturers and importers must report on the embedded GHG emissions of carbon-intensive goods in six defined categories that enter the EU. The transitional phase began in October 2023 and continues through December 2025.
We hope you found this issue of the Spark Newsletter to be informative and insightful. Between issues, you can keep current with the latest from Sphera by following us on LinkedIn or by visiting us at sphera.com.
The information provided in this newsletter is for general information purposes only, may not be updated in real time and does not constitute legal advice. Please consult with your legal and other advisors to discuss your particular needs and circumstances.