Executive Briefings

Reports Put Spotlight on Supply Chain Sustainability Efforts, Opportunities

Eliminating supply chain risk is the primary driver for sustainability initiatives and industry collaboration is the biggest opportunity according to a recent report published by Ethical Corporation titled "Sustainable Supply Chain Trends 2015." The report features insight from 415 CSR and supply chain professionals primarily based in Europe, North America and Asia Pacific.

Key findings:

• Eliminating supply chain risks is the main driver of sustainability initiatives. Over 32 percent of executives polled say they are still incentivized by eliminating supply chain risks.

• Industry collaboration is the biggest opportunity. Just over 24 percent say that industry collaboration is the single-most exciting opportunity in relation to supply chain sustainability. The second-most exciting is creating a circular economy and third is customer/consumer awareness, at 16 percent and 11 percent, respectively.

• Traceability and environmental concerns are the biggest issues to watch out for. Nearly 30 percent stated that traceability and environmental improvements will be key issues in the coming years.

In January, CDP and Accenture released a report titled "Supply chain sustainability revealed: a country comparison" that revealed that lack of preparation is currently leaving supply chains in Brazil, China, India and the United States more vulnerable to climate risks than those in Europe and Japan.

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Key findings:

• Eliminating supply chain risks is the main driver of sustainability initiatives. Over 32 percent of executives polled say they are still incentivized by eliminating supply chain risks.

• Industry collaboration is the biggest opportunity. Just over 24 percent say that industry collaboration is the single-most exciting opportunity in relation to supply chain sustainability. The second-most exciting is creating a circular economy and third is customer/consumer awareness, at 16 percent and 11 percent, respectively.

• Traceability and environmental concerns are the biggest issues to watch out for. Nearly 30 percent stated that traceability and environmental improvements will be key issues in the coming years.

In January, CDP and Accenture released a report titled "Supply chain sustainability revealed: a country comparison" that revealed that lack of preparation is currently leaving supply chains in Brazil, China, India and the United States more vulnerable to climate risks than those in Europe and Japan.

Read Full Article