Commodities Digital Twin
The conversation begins with Ellen and Grayson discussing the sustainability of the global supply chain.
We are thinking about our supply chains at more levels and more deeply than we have ever before.– Ellen Carey
Expanding the supply chain conversation from Christmas toys to electric vehicles, Grayson asks Ellen when do we get to the point where there is clear transparency on how the raw earth minerals for EVs are mined and eventually refined? Now.
In terms of the market dynamics, customers are demanding that their purchase power goes towards supporting responsible sourcing, sound businesses.– Ellen Carey
The market is past the point of goals and press releases to the point where consumers and investors are demanding to see proof of sustainability on a quarterly basis.
At Circulor we like to think of ourselves as the pioneers of proof.– Ellen Carey
This is exactly what Circulor is doing as they are tracking the physical flow of materials in real-time from source to manufacturing. Real-time tracking allows corporations and companies to report on ESG standards and to make smarter decisions.
For the tracking of the raw material to be traced, Circulor creates a digital twin of the commodity/material and then traces that digital twin through the industrial process. Looking back at the history of the global commodities market, the move by Circulor to be the pioneers of proof was ground-breaking.
Circulor’s system and approach are based on trust and transparency.
It has to be a secure system that grows trust and has immutable records of the supply chain so that it enables participation. It enables trust.– Ellen Carey
Trafigura, one of the world’s largest commodity trading houses has engaged Circulor to provide traceability and CO2 tracking for their nickel and cobalt trading division.
By providing transparency of its cobalt and nickel supply chains and by tracking, dynamically tracking its CO2 emissions throughout, it provides a new value proposition to its downstream customers.– Ellen Carey
Transparency is the future. Transparency is coming to all industries across the global economy due to customer and investor demand.
Wrapping up the conversation, Grayson and Ellen discuss the future of sustainability.
Recorded on Tuesday, November 16, 2021.