Digital Product Passports: what, why, and how to prep for it

Intro

We dare say that the EU Parliament's recently passed Digital Product Passport (DPP) legislation hasn’t passed anyone by. Details are still being decided upon, and uncertainties around the what, how, and when is making many businesses hesitate to take action quickly enough.

Feeling confused or overwhelmed by what this new legislation means? You are not alone. We are here to guide you through it, and how your supply chain can become future-proof compliant in uncertain times.?

Let's look closer at what DPP is, why it's important, how businesses can prepare, and what role PaperTale plays in this digital journey.

What DPP is & why it is important

Think of it as the ultimate backstage pass for your products in the European market. Almost like a digital diary for products, DPP contains crucial information such as materials used, manufacturing processes, and environmental footprint. By providing this transparent and accessible data, DPP empowers consumers to make informed choices, encourages sustainability practices, and fosters trust between stakeholders. Moreover, DPP aligns with the textile industry's increasing focus on sustainability and ethical sourcing, making it a cornerstone of future operations.

How to prepare

Embracing DPP isn't just about adopting new technology; it requires a fundamental shift in mindset and operations.?

Step 1: Time for a little introspection. Take a good look at your processes, identify areas for improvement, and think of investing in digital infrastructure.

Step 2: Reach out to suppliers. This is going to be a team effort. Work together with your suppliers for a more seamless DPP implementation. Here are some things you need to clarify:

1. Find out what data suppliers have and in which form that data is available.
2. Communicate DPP requirements for each stakeholder.
3. Support them in picking the right tools for data sharing.

Engage your supply chain in time. Ultimately the business offering its products to the European market will be responsible for fulfilling DPP requirements, but everyone involved in the supply chain is needed to make it successful!

It is good to note that regulations, like DPP, all aim to move industries and societies in a direction to become more circular. This means that many requirements in different legislations will be similar. By securing practices that take both environmental and social impact into account, your supply chain will be compliant with upcoming regulations. What’s more, by ensuring use of verified and reliable data, you have put your business in a great position to face forthcoming regulations.

PaperTale’s role

Our platform, PaperTale Network (PTN), is designed to work with verified and primary data, using Blockchain technology to make supply chains transparent and traceable.Apart from collecting necessary product data, the PTN platform offers a user-friendly interface to help keep track of your supply chain and create valuable reports. The whole point is to support businesses in their sustainability efforts and in achieving set goals. PTN puts your supply chain data to work so that you can focus on other things -as it should be!

Last few words

Don’t wait for regulations to take effect before getting a transparent overview of your supply chain. Embrace DPP early, and you'll not only dodge a few headaches but also future-proof your operations in an increasingly digitized world.?

And hey, whether you choose PTN or not, just remember to pick a solution that works with reliable data, along with being flexible and scalable enough to grow with your business and adapt to regulatory changes. Trust us, you’ll thank us later.

Ready to skip a headache or two? Drop us a DM!