Procurement organizations know that sustainability initiatives have far-reaching impacts on risk-management, cost and innovation. This is why most procurement teams historically invest in supplier compliance according to environment, social and governance (ESG) and sustainability risk-related issues.
Posted: 05/25/2021 - 00:00
Posted: 11/22/2019 - 05:17
The role of business is quickly changing. Consumers, employees and investors expect businesses to act sustainably with more transparency – while also giving back to the communities that they operate in. To drive corporate social responsibility and sustainability holistically, companies need to examine their actions and operations to ensure their day-to-day activities align with the organization’s larger corporate commitments.
Posted: 11/10/2019 - 06:36
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.
Posted: 08/12/2019 - 23:44
The human population is rapidly increasing. According to the UN, it may reach 9.7 billion by 2050, which is expected to increase food demand between 59 to 98%. As a result, agricultural markets will be impacted in ways we haven’t seen before. Farmers will have to increase agricultural land or enhance productivity, which still may not be quick enough to meet the forecasted demand for food. Climate change-driven water shortages, increasing global temperatures and extreme weather changes will also have a major effect on food production.
Posted: 08/06/2019 - 04:28
The fashion industry is growing at an impressive clip. By 2030, the sector is expected to be worth $3.3 trillion and will manufacture 102 million tons of clothes and shoes. But this substantial growth hasn’t come without a cost.
Posted: 07/10/2019 - 01:21
Supplier diversity has been an important topic on the corporate agenda for most of the past five decades. Formal supplier diversity programs began in the 1960s in response to government programs that were designed to expand economic opportunities for minority-owned businesses. Today, “diverse suppliers” encompass several additional types of business organizations, including:
- Woman-owned business enterprises
Posted: 03/26/2019 - 06:34
About nine years ago I packed up my apartment in Boulder, Colorado and made the move to pursue my dream of international living in Mexico. I moved without a specific job in mind, but quickly realized that waitressing wasn’t really in line with my career aspirations. Through networking I found a plethora of companies outsourcing positions to Mexico. And so, I began my journey of being an outsourced entity. Over the course of my time in the industry, I have become passionate about ethical sourcing. Mexico is a great outsource destination for bilingual, inexpensive, nearshore talent.
Posted: 12/12/2018 - 01:18
This month, the U.K. government alongside the U.S., Canada, Australia and New Zealand, raised the bar for companies “to conduct appropriate due diligence in their supply chains to identify, prevent and mitigate human trafficking” to remediate modern slavery. It is no longer enough to just be aware and acknowledge that companies expect every supplier to sign a code of conduct – companies also need to demonstrate the action and the impact.
This is where the rubber meets the road.
Posted: 10/03/2018 - 00:51
Much has been written about the ways in which technology can be used to drive not just efficient businesses, but ethical ones. The spotlight is squarely on emerging and disruptive applications and the impact they can have on the world. But what is often overlooked is the true engine behind these things succeeding: partnership.
Posted: 07/30/2018 - 04:57
Posted: 06/22/2018 - 00:19
Posted: 02/19/2016 - 03:46
From April this year, companies operating in the UK will need to get their supply chains (which includes overseas outsourcing arrangements) in order to meet new reporting requirement in the UK.