Sandeep Duggal, chief executive officer of Extron, explains how traditional manufacturing postponement strategies have morphed into the concept of "last-mile manufacturing."
Companies are increasingly connecting the dots between risk management and sustainability by making sustainability issues more prominent on corporate agendas, according to :2013 six growing trends in corporate sustainability", an Ernst & Young LLP / GreenBiz Group study.
The way suppliers are typically segmented may work well for prioritizing procurement resources on supplier selection, managing supplier performance, and supporting and developing strategic suppliers. But it doesn't always work well for prioritizing resources on risk management and compliance. Many B and C suppliers may be easily switched, but still represent large material risks to the company (such as litigation or regulatory fines).
Bangladesh is a dangerous place to work in a factory as the Rana Plaza building collapse shows. Local health and safety regulations are so weak that last spring, even before the Rana Plaza disaster, executives at Disney decided they would no longer source toys and apparel from Bangladesh. The company felt the risk to its reputation wasn't worth the low cost of production.
The deaths of more than 600 garment workers in Bangladesh's Rana Plaza factory collapse April 24 is a tragedy that highlights widespread problems in the global apparel industry. But will it be the spark that finally leads to much-needed global reforms?
Ask any food industry executive to cite his or her greatest concern, and the answer will almost always be the same: product safety. But the list doesn't stop there. Like any other business sector, food manufacturers are grappling with a number of challenges, many of them related to the age of the internet and social media.
When the MSC Napoli ran aground off the UK's south coast in January 2007, 137 out of the 600 containers it was carrying on deck were at least 10 percent heavier or lighter than was declared on the ship's manifest. In another high-profile accident, the capsizing of the Xpress Container Line vessel Deneb during unloading at Algeciras in June 2011, an even higher percentage of boxes - 64 out of 150 - were not laden as recorded.