LONDON--(EON: Enhanced Online News)--Ethical and sustainable supply chains are—now more than ever—critical for business success as consumers are overwhelmingly beginning to prefer businesses that are committed to environmental sustainability and ethical labour practices. Establishing a sustainable supply chain should be done through a careful series of steps, and should involve research, evaluation of partnerships, and demonstrable commitment.
SpendEdge, a procurement market intelligence firm, acts as a strategic partner for leading companies across all industries, helping them achieve sustainability, as well as sourcing and procurement excellence. Here is their list of the top 5 steps towards supply chain sustainability:
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Top steps towards supply chain sustainability
Ensure visibility: The movement towards sustainability starts with supply chain visibility. Businesses should have a complete picture of how their suppliers and partners operate and what their business practices are like, and they should provide the same information about themselves to those they are doing business with. Employees at all levels should also be in-the-know about goals regarding sustainability and ethics.
Outline your supply chain: Businesses should examine the geographical locations of their key suppliers and gain a comprehensive understanding of major issues—environmental, humanitarian, and political—in these regions. This will help to evaluate suppliers in terms of the potential risks that they pose to the supply chain and whether or not they are cohesive with the business’s goals and vision.
Demonstrate your commitment to your goals: Businesses need to show consumers and their communities that they are committed to ethical and sustainable business practices and supply chains. This can be accomplished through charity and community involvement, and by ensuring entire supply chain transparency so that consumers know where products are coming from, how they are produced, and what implications purchasing them will have.
View the entire list of supply chain sustainability methods from SpendEdge
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