While many advances have been made in terms of supply chain traceability, there is still more to be done. As the industry continues to evolve to a point where traceability is easily achieved—for all products, across all tiers, down to the farm—businesses can, in the meantime, work within the current context. We look at how businesses can approach their traceability journey in a way that balances today’s realities with tomorrow’s bold food safety goals.
We believe there is a fundamental shift happening towards greater corporate social responsibility and sustainability. The investment community’s increased emphasis on Environmental, Social, and Corporate Governance (ESG) is strong evidence of just how fundamental this shift is.
Consumer interest in sustainable and ethical products has expanded beyond the food & beverage and fashion industries. Today, more and more shoppers are taking a closer look at the origins behind all the products in their households, including wood and paper-based products. These goods form a considerable part of our daily lives and can found all over our homes, from the furniture we buy to the packaging of many household products. Consumers looking to deepen their commitment to sustainability are seeking wood and paper-based goods that comply with their values.
Beyond supply chain transparency, supplier collaboration plays a huge role in ensuring supply chain integrity and enabling greater communication and visibility. Collaboration between a buyer and supplier creates a strategic partnership that ultimately helps both parties achieve business objectives and meet new supply chain expectations.
In response to consumer demand for more “responsible” products, businesses have made commitments to ensure their supply chains are sustainable and ethical. But these terms have varied interpretations. What does it mean for a business to be “sustainable”? What constitutes “ethical” and “responsible” practices? How do companies interpret these terms differently? Responsible business is a broad term that has several dimensions.
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