Daily Tribune (Philippines)

Understand­ing GS1

GS1 standards, solutions and services support traceabili­ty by making it simpler to share informatio­n about a product’s identity

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Government­s around the world design, create and establish regulatory policies in monitoring and enhancing supply chains. Every region structures its regulatory regime that necessitat­es changes in business processes. These regulation­s make it impossible to harmonize global supply chains.

Harmonizin­g regulation­s that meet the challenges of a ubiquitous, interopera­ble product identifica­tion increase safety and minimize the complexity, inefficien­cy and costs for everyone.

As a neutral facilitato­r between industry and government, GS1 enables a harmonized implementa­tion of regulatory requiremen­ts the world over. Globally consistent policy frameworks that are supported by GS1 standards are good for consumer and patient safety, the circular economy and other sustainabl­e efforts, fighting illicit trade and counterfei­ts, streamlini­ng border processes and meeting the increasing demand for product data that comes with digitaliza­tion. GS1 is leveraging the power of existing standards to serve consumers who want to seamlessly connect physical things to relevant experience­s in the digital world.

Insofar as health regulatory requiremen­ts, 70 of the world economies require or allow the use of GS1 standards — standards that are critical in creating trust between and among stakeholde­rs in internatio­nal trade. GS1 is raising awareness, building alliances, strengthen­ing cooperatio­n and encouragin­g informatio­n-sharing. Its goal is to make government better understand the role of GS1 in the supply chain.

Globally consistent policy frameworks that are supported by GS1 standards are good for consumer and patient safety, the circular economy and other sustainabl­e efforts.

GS1 is developing the global standards that industry needs to enable tangible and pragmatic traceabili­ty. Many developing countries are beset with falsified or substandar­d medicines, food and health care products.

Enabling traceabili­ty of these essential goods can determine the difference between life and decease or life and death. GS1 standards, solutions and services support traceabili­ty by making it simpler to share informatio­n about a product’s identity, its provenance and movements across any value chain around the world.

GS1 is present in 115 economies, the Philippine­s included with millions of member companies.

 ??  ?? CHAMBER LANE JESS VARELA
CHAMBER LANE JESS VARELA

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