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A new report from #Supplier.io, shows that most businesses face significant ESG risks, emphasizing the need for greater supply chain transparency to enhance resilience and sustainability. “#Supplier intelligence is critical as increasing evidence shows that ESG risks directly impact the bottom line," said #Aylin Basom, CEO of Supplier.io., in a statement. "Without clear visibility into supplier practices, businesses are exposed to significant reputational, operational, and financial threats. Our report highlights the tangible risks of environmental issues, poor working conditions, and inadequate supply chain management. By shining a light on these pervasive issues, Supplier.io provides critical insights and empowers organizations to understand and benchmark areas of supply chain risk, strengthen mitigation strategies, and make progress towards improved supply chain resilience.” The report based on ESG risk assessment data spanning 11 industries, analyzed the data against sector relevant UN’s Sustainable Development Goals (SDGs) targets, while aligning with important materiality standards like the Global Reporting Initiative (#GRI) and Sustainability Accounting Standards Board (#SASB) to ensure objectivity and comparability. Supplier.io Blog – How best to drive Inventory Turns and Overall Supply Chain Optimization - https://lnkd.in/eznCcztw

A new report from Supplier.io, shows that most businesses face significant ESG risks, emphasizing the need for greater supply chain transparency to enhance resilience and sustainability. “Supplier intelligence is critical as increasing evidence shows that ESG risks directly impact the bottom line," said Aylin Basom, CEO of Supplier.io., in a statement. "Without clear visibility into supplier practices, businesses are exposed to significant reputational, operational, and financial threats. Our report highlights the tangible risks of environmental issues, poor working conditions, and inadequate supply chain management. By shining a light on these pervasive issues, Supplier.io provides critical insights and empowers organizations to understand and benchmark areas of supply chain risk, strengthen mitigation strategies, and make progress towards improved supply chain resilience.” #critical #role #scm #supplychainmanagement #sustainability #innovation

Without clear visibility into supplier practices, businesses are exposed to significant reputational, operational, and financial threats. Our report highlights the tangible risks of environmental issues, poor working conditions, and inadequate supply chain management. #chemicallogistics #chemicalindustry #chemicaldistribution https://lnkd.in/dH3SFJJK

Reuters Events Sustainable Business and Oritain have banded together to bring you a new whitepaper briefing for supply chain business leaders: Strategic Supplier Engagement for Compliance and Sustainability in the EU. Access your copy now to learn: ✅ How better supply chain management boosts sustainability ✅ The impact of EU regulations on supplier engagement ✅ Challenges companies face in managing their supply chains ✅ Why shifting from 'least cost' to 'least risk' can redefine long-term partnerships ✅ Tangible case studies that showcase real-world applications Download here 👉 https://lnkd.in/g4pKF7Qy #oritain#reuters #sustainablebusiness #supplychains #compliance

👀 We have done it.. again... 👀 So, we know that a lot of companies out there are struggling to get started with their supply chain due diligence process or taking it to the next level. With various stakeholders and the regulatory landscape demanding action, it's essential to get started now. But..... Which suppliers should we engage? What should we ask them? How do we evaluate them? We're here to make that process easy you. Introducing Worldfavor Baseline Assessment 💥 Our platform lets you effortlessly screen your entire supply chain on various risk indices. We will help you identify key suppliers based on our screening and provide you with guidance on what questions to ask. Based on the answers you receive, our platform will automatically classify and sort the suppliers into Level 1-5 which will work as a solid foundation for further engagement. Combined with our services and expertise, you will be on your way. Cool, huh? Reach out or read more on the link below to learn more! https://lnkd.in/dsr646Ky #supplychain #esg #duediligence

WSJ - 3 Steps That Can Help Make Supply Chains Sustainable and Resilient An integrated approach can help companies leverage synergies and mitigate trade-offs between sustainability and resilience to simultaneously embed both attributes in their supply chains - Step 1: Apply strategic and multidimensional thinking to look beyond the immediate and obvious trends - Step 2: Adopt an integrated approach to supply chain sustainability and resilience A key step toward making sustainability and resilience work together is to dismantle organizational siloes between the various teams involved in supply chain activities. - Step 3: Invest to improve The Three Ts—Transparency, Traceability, Trackability Getting “the Three Ts” right should be a priority— not just because comprehensive, reliable, and real-time visibility is essential for a targeted response, but also because visibility constitutes a key complementary value that underpins the relationship between supply chain sustainability and resilience. A transparent network can enable organizations to, for example, simultaneously identify suppliers that could present a social risk due to the historic human rights abuses in their jurisdictions and suppliers in locations representing resilience vulnerabilities.

🌍 Unlocking Hidden Risks in Global Supply Chains 🌍 The urgency for visibility into human rights and environmental risks across supply chains is intensifying. Businesses today must go beyond Tier 1, identifying hidden risks among their suppliers, to foster a truly responsible sourcing approach. But how can this be achieved? Join us on Thursday, November 21, as we dive deep into ESG risk trends shaping the future of global sourcing. In this exclusive webinar, we’ll share insights from EiQ, our supply chain due diligence platform, which integrates over 25,000 onsite audits annually with civil society research to bring you actionable ESG risk ratings. 🔍 Key Takeaways: The latest risk drivers in major sourcing regions, from forced labor and health and safety to carbon emissions. Emerging red flags in countries and regions critical to your supply chain. How data-driven strategies and analytics can fortify your responsible sourcing practices. Two Sessions: Session 1: 08:00 GMT | Session 2: 15:00 GMT 🎤 Featuring: JP Stevenson, Head of Market Development Secure your spot now to gain the insights and tools needed to build a resilient, risk-aware supply chain. #SupplyChain #ESG #ResponsibleSourcing #EiQ #RiskManagement #HumanRights #Sustainability #Webinar register here - https://lnkd.in/gKAWggPC

🌏 In 2023, global supply chains showed signs of stabilization for the first time since the pandemic. Many supply chain teams began planning strategically to achieve long-term resilience through supply chain network design. As supply chain recovery is likely to continue in 2024, companies should proactively plan for ongoing risk areas within geopolitics, climate change, cyberattacks, ESG regulations, and labor issues. Download Resilinc's 2023 annual report—Ascension—for insights on the state of the supply chain from key industry experts and practitioners. https://okt.to/09iK5F #SupplyChain #Procurement #CPO #CSCO #RiskManagement

Your supply chain extends far beyond the four walls of your enterprise, but so do your risks and opportunities. Tier 1 visibility is no longer enough to comply with forced labor regulations, tackle ESG initiatives, or maintain resiliency. To see, understand, and respond to disruptions, you need to communicate and collaborate across n-tiers of trading partners. #supplychain #visibility #ESG #suppliers