The supply chain ecosystem won’t revert to its pre-pandemic state. With this in mind, manufacturing organizations are placing top priority on modernizing procurement technology.
The luster of China as a source of low-cost production has been progressively fading, and the push for more responsible supply chains extends well beyond measuring carbon emissions.
While ESG efforts have long aimed to increase transparency, many leaders are realizing that we’re moving past bare-minimum standards into an era of full visibility.
The pandemic has inflicted serious damage in the last two and a half years, but there may be a silver lining for companies smart enough to take advantage of the opportunity to develop a more resilient supply chain.
Consumers worldwide will buy or boycott a brand solely based on its level of compliance with environmental, social and corporate governance (ESG) requirements.
Businesses need to rethink how they renegotiate contracts — on an as-needed basis rather than a time-based schedule — to optimize deals for both sides.
Changes brought on by COVID-19, resource shortages and heightened demand for goods have all increased awareness about the value of global logistics digitization, and accelerated its impact.
Since earlier this year, Canada has been gradually lifting its COVID-related restrictions to fully reopen its economy, with travel measures being the last set of rules to remain in place.