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Is your business ready for the digital product passport? Here's why you should start now
Det digitale produktpas er på vej og vil påvirke alle virksomheder. Er du klar til at møde kravene?
Although the details of the digital product passport may still be a little unclear for many, one thing is certain: it's coming, and it will affect us all. The question is no longer if it’s coming, but if your company is prepared to meet future demands. If you start now, you can get ahead and gain a valuable advantage.
It's not just another IT project
Let’s be honest: the digital product passport is about much more than simply installing a new IT system. It requires time, dedication, and coordination across your supply chain. It's a big task, and it’s not something one person can handle alone. Successful implementation requires close collaboration between your employees, suppliers, and other partners.
If your suppliers can’t provide the necessary information, it may mean that you will need to find new partners. That’s why it’s crucial to start early, so you’re not caught unprepared when the requirements tighten.
Smaller players need to participate too
The big players, especially in industries like textiles, have already started preparing for the digital product passport. But if you are part of their value chain, you also need to be able to deliver accurate and structured product data. Competition is becoming tougher, and if you can’t keep up, you risk being outcompeted. A good PIM system can help you centralize and organize your product data, making it easy to share with those who need it. This way, you can ensure that you stay ahead of the competition.
Use your data strategically
The digital product passport is more than just about compliance. The data you collect can provide invaluable insights into how you can optimize your production, reduce waste, and, most importantly, enhance your marketing. It’s your chance to show the world that your products are sustainable and transparent. This can be a strong selling point, giving you an advantage with both customers and partners. Additionally, this data is crucial when it comes to your ESG reporting, which is only becoming more important.
Conclusion: The time is now!
The digital product passport is not just a necessity, but also an opportunity to strengthen your business. The sooner you start preparing, the better you’ll be positioned for future demands. Don’t wait until the last minute – start now, and make your company ready to harness the full potential of this new regulation. Contact us today to learn how we can help you get ahead.