Understanding the legal requirements and taking action to ensure compliance is essential. However, regulatory compliance is only one of piece of the due diligence puzzle. The other, and perhaps more critical, piece is “consumer compliance,” or the need for businesses to meet consumer expectations regarding product sustainability and integrity.
Despite a tumultuous and challenging year, sustainable and responsible sourcing has remained a long-term priority for businesses. Supplier collaboration, supply chain digitization, and a clear understanding of “responsible sourcing” are all important to ensure ethical business operations. Here are our top 10 blog posts of 2020.
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.
Given their use in everyday items such as mobile phones and jewelry, as well as in tools used to manufacture other products, conflict minerals are more widespread than you may think. Businesses must take steps to ensure the minerals found in their products are sourced responsibly.
While multi-tier supply chain transparency is challenging to achieve, it can reap serious benefits for businesses that invest the time and resources. Taking progressive steps to achieve visibility at multiple tiers can benefit businesses in five ways.