The challenges of 2020 have demonstrated just how dangerous the lack of reliable information can be. The same rules apply in the world of Product Stewardship. To safely—and sustainably—develop new products and grow market share, businesses need standardized, accurate and up-to-date information.
When it comes to Product Stewardship, a global, proactive approach to content provides the foundation you need for more effective and fact-based decisions. Here are four ways content can drive safety, sustainability and productivity goals.
4 Ways Content Can Drive Product Stewardship Maturity
Most formulators and chemical companies have mature product compliance systems and processes in place. They know they must follow regulations closely, as they evolve, to take their products to market. Many firms are beginning to automate these processes, making the quality of content more important than ever. Automated systems alone cannot ensure product compliance. They need to be backed by verifiable, accurate data and information. To better support decision-making, this content should also be digestible, making it simple to locate relevant regulations and interpret their implications. The output is only as good as the input.
Now, more than ever, chemical companies are beginning to look at articles compliance management more broadly. They know company reputation is on the line in today’s global economy. Previously, businesses focused on recycling and materials compliance on a regional basis. However, if an article is regulated in one region, businesses that want to stay a step ahead should work to remove it from the supply chain entirely. This means businesses need verified content based on high-level visibility of substances in use throughout the supply chain.
Businesses know chemical management is core to building an ideal safety culture. Having a system and process in place to access safety information is critical, but, at the end of the day, their safety relies on the quality of information available. Businesses need a proactive, global approach to content to ensure chemical management regulations are evenly applied across the enterprise. If a substance is highly regulated because of its potential hazards in one region, the dangers don’t disappear for workers in a region where those regulations may not apply. To keep vital information from getting stuck at borderlines, businesses need granular, high-quality data and content.
Consumers now expect companies to focus on Sustainability, and investors are realizing this is what will drive future growth. Yet, net-zero emissions and carbon neutral initiatives can have far-reaching implications throughout the value chain. Companies need high-quality Sustainability data from every step of the product lifecycle to create a clear, full picture of their current carbon footprint and develop a realistic strategy to improve sustainability. Progress requires measurement and reliable information.
Keeping people safe, safeguarding productivity and building a more sustainable world hinges on accurate, up-to-date content that is standardized across an organization and the Product Stewardship lifecycle.