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Protecting Luxury Cargo Across the Supply Chain
A secure supply chain for high-end luxury cargo is essential for maintaining product quality and brand reputation. Luxury products, from couture fashion to antique collectibles, must meet the meticulous scrutiny and uncompromising expectations of consumers for flawless craftsmanship and certified authenticity.
Risks for luxury goods as they move across the supply chain include counterfeiting, theft, and damage during transit. These risks differ from those in standard supply chains in two significant ways: first, the economic loss is considerably greater due to the high value of luxury goods; and second, damage to brand reputation can be irreparable in cases of inauthenticity.
Ample opportunity exists for improved integrity across the luxury supply chain.Luxury cargo traceability is a key factor. In this post, we take a look at supply chain challenges for luxury goods and how to safeguard their authenticity and safety at every touchpoint by using IoT-enabled technologies such as blockchain and Sensing-as-a-Service solutions.
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