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Interview enables you to take a structured, strategic approach. Once you have accurate, unified, governed data that’ s required for reporting, it becomes the foundation for much wider innovation. For example, procurement teams can use the data and insights to build stronger business cases, negotiate supplier rebates, create cash-back opportunities and drive more resilient sourcing. What begins as a compliance exercise can quickly become a driver of efficiency and growth.
5. The EU and UK packaging rules are fast approaching. What’ s the biggest misconception you’ re seeing in boardrooms about these regulations? These regulations are already being recognized as a board-level risk. Beyond the financial penalties, companies that fail to comply risk being excluded from government tenders and large-scale procurement programs. And there’ s no safety net; insurers won’ t underwrite non-compliance. So, most organizations do understand the cost of getting this wrong.
Where I see the biggest misconception is in how they view the opportunity. Often, it’ s still treated purely as a compliance box-ticking exercise, when in fact it can be so much more than that. Companies that approach these regulations strategically, using them to drive innovation, strengthen supply chains, and differentiate on sustainability, can turn compliance into a real source of competitive advantage. foodchainmagazine. com 13