How can an Electronic Cargo Tracking System (ECTS) play a part in enhancing supply chain sustainability and traceability?

Many organisations are working towards ensuring traceability in their supply chains but what exactly are the benefits of having a traceable supply chain?

Supply chain traceability ...

Government authorities across the world today play a crucial role in facilitating efficient trade across international borders. The revenue and tax authorities deal with all kinds of cargoes but those that require more effort and attention are  bonded transit, hazardous and high value cargoes. ...