Corporate social responsibility (CSR)

Shifting Source-to-Pay Operations to Serve the Values-Based Consumer

Posted: 04/23/2020 - 07:10
Author: Shannon Kreps
Corporate social responsibility

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.

6 Tips to Drive Sustainable Procurement

Posted: 04/22/2020 - 22:07
Author: Cindy Rittel
Sustainable business

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.

Sourcing in the Circular Economy

Posted: 12/05/2019 - 09:51
Author: Martin Stark
Procurement plays a vital role in bringing new products and services to market, creating jobs and delivering economic prosperity for customers, stakeholders and shareholders. Sourcing plans identify value propositions, partnership and investment opportunities, new and emerging capabilities that have a substantial “positive” impact on the bottom line.

Supply Chain Transparency Critical to Slowing Down the Amazon Deforestation

Posted: 11/10/2019 - 06:36
Author: Franco Vessio
Supply Chain_Transparency_Amazon
Over the last months, the Amazon deforestation rate was an area of Manhattan every day, following reports that farmers were clearing land for crop fields and cattle ranches, as the new Brazilian government was opening up the region to economic activity. According to the country’s National Institute for Space Research, Brazil (the world’s largest beef exporter) had over 72,000 fire outbreaks this year, with more than half of them located in the Amazon. This number represents an 84-percent increase compared to last year.
 

Procurement Risk – Limited Visibility of the Supply Chain

Posted: 10/04/2019 - 23:44
Author: Martin Stark
A few weeks ago, I reviewed the 2018 Deloitte Global Chief Procurement Officer Survey and was not surprised that cost reduction, new products/market development and managing risks remain the top three business strategies for procurement. Sixty-five percent (65%) of procurement leaders report having limited or no visibility beyond their Tier 1 suppliers.

Innovations in Sustainability: EcoVadis & Avery Dennison

Posted: 08/26/2019 - 06:18
Author: Future of Sourcing Awards
Innovations in Sustainability: EcoVadis & Avery Dennison

Can you outline why your team embarked on this project and the problem that needed to be solved?

Avery Dennison recognizes that its environmental and social impacts extend beyond its own walls. Led by Mitch Butier, President and CEO, Avery Dennison sets high standards and goals for responsible purchasing practices as part of its overall sustainability vision. Its business philosophy originally started with “first, do no harm,” but then quickly evolved to “become a force for good.”
 

3 Reasons Organizations Should Hop on the Corporate Social Responsibility Bandwagon

Posted: 11/21/2018 - 07:01
Author: Jaisheela Setty
Corporate social responsibility (CSR), also known as sustainability, may not solve world hunger but it can be beneficial to your organization while making a significant impact on society. While many organizations understand the value of CSR, the uninitiated tend to have a distorted view of it. Some believe it’s just greenwashing: donating heaps of money into popular causes or people sitting around a campfire singing Kumbaya, but that’s far from reality. In actuality, CSR can be leveraged to optimize a company’s business processes.
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