Service Innovation Presentation Flashcards
How can TracedSystems be integrated into a company’s existing software?
TracedSystems can be integrated with a company’s existing inventory or management systems, allowing firms to choose which data to share.
This helps businesses maintain control over their information while benefiting from greater transparency and efficiency.
What industries benefit from the Digital Product Passport (DPP)?
Key sectors benefiting from DPP include:
* Textiles
* Battery and electronics industry
* Packaging & Plastics Industry
* Luxury Goods & Jewelry
Each sector has specific advantages such as ethical sourcing and enhanced transparency.
What are the benefits of DPP in the textiles industry?
DPP helps tackle supply chain gaps, ensures ethical sourcing, and drives circularity across the textile lifecycle.
How does DPP streamline the battery and electronics industry?
DPP enhances transparency, ensures compliance, and optimizes the full product lifecycle.
What advantages does DPP provide to the packaging and plastics industry?
DPP helps manufacturers track material use, recyclability, and disposal methods, supporting brands in reducing plastic waste.
What role does DPP play in luxury goods and jewelry?
DPP verifies authenticity and ethical sourcing, enhancing brand trust and resale value.
What are some barriers to adopting DPP?
Barriers include:
* High initial costs and training
* Data privacy concerns
* Resistance to change
Why might companies adopt DPP out of necessity?
Companies may adopt DPP for:
* Regulatory compliance with EU regulations
* Avoiding penalties
* Meeting supply chain requirements
What are potential penalties for non-compliance with environmental laws?
Potential penalties include:
* Fines
* Legal issues
* Restricted market access
What motivates companies to use DPP voluntarily?
Motivations include:
* Brand reputation
* Cost savings
* Market differentiation
What corporate actions can enhance the impact of DPP beyond regulation?
Actions include:
* Enhance product longevity
* Reduce waste and inefficiency
* Use blockchain for trust and security
Does providing supply chain information influence stakeholder decision-making?
Yes, it empowers stakeholders by encouraging trust, accountability, and collaboration.
How do stakeholders interpret and act on supply chain data?
Stakeholders interpret supply chain data to improve business practices, enhance market positioning, and promote long-term sustainability.
Fill in the blank: DPP is anticipated to be adopted by the EU and mandated between _______ and _______.
[2026] and [2030]
