For businesses across the globe, sustainability used to be a “nice to have,” but now the view has shifted. It’s a “must have — or else.”
Corporate social responsibility (CSR)
Legislation regarding the environment, modern slavery and other sustainable procurement laws are coming into force at a breakneck pace. By embracing change now and adopting ethical and sustainable procurement, organizations can get ahead of the curve. Also, this socially responsible commerce movement is being thrust into the forefront of how business will operate moving forward, given the guidelines for the recent stimulus bill passed in the U.S.
In 2020, you can bet your bottom dollar that consumers won’t be spending theirs on your products if you aren’t striving to operate sustainably.
For years, naysayers have argued that the consumers who say they want sustainable products aren’t actually willing to part with the extra cash to acquire them, opting for fast-fashion and plastic packaging over higher price points. Recent research proves this is simply not the case.
The COVID-19 crisis has brought us to a moment of reckoning. Today, it’s clear that the world’s most pressing challenges can’t be solved by governments alone. Society is turning to businesses to help with critical issues like access to food, health services and supplies, educational materials and economic support.
Can you outline why your team embarked on this project and the problem that needed to be solved?
In this episode of the Sourcing Industry Landscape, Dawn Tiura interviews Celia Landesberg. Caring about the environment is embedded in the fabric of Celia’s personality since she was a young child. She was thinking about supply chains before she knew what one was.