Buying into a more sustainable value chain
Include sustainable development objectives in the management of your supply chain.
Author(s): Celine Cherel-Bonnemaison, Gustav Erlandsson, Ben Ibach, Peter Spiller
Publisher: McKinsey
Date of publication: 2021
Summary
This article highlights the growing role of buyers in addressing environmental and social challenges. The authors analyze the ways in which certain companies transform the management of their supply chain in order to move closer to their sustainable development objectives. They notably insist on the importance of enhancing the reliability of environmental, social and governance data collected from their suppliers, through the extensive use of new technological tools.
Synopsis
This article is one of the sources used in Manageris’ synopses:
Aligning the Procurement function with CSR
Committing to the road to sustainable development is an all the more effective approach when it also involves suppliers. How can we give the Procurement function the means to fully play its part in this strategic mission?