A potential competitive advantage, resiliency is a growth driver that is becoming a critical capability for organisations. Through the events of the past fourteen months supplier risk has become part of board level discussions, and after all of procurement’s efforts throughout these events, CPOs now have a clear case for why they should be central to any resiliency effort.
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A pharmaceutical giant wanted to explore opportunities for replacing one of its longstanding suppliers. Until 2018, it had been using the same two advertising agencies for 25 years, seeing it as a good way to keep costs down.
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Procurement, supply chain and sustainability leaders alike are search for guidance on how they can rebuild better, more resilient supply chains in the face of massive uncertainty. EcoVadis global content marketing director David McClintock looks at key factors to their success.
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“Sustainability is top of mind in all CxO conversions currently, and procurement has a major role to play, to really do something.”
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Our own lives have faced major disruptions during the pandemic, and so have the supply chains we look after. Here are key learnings about our supply chains and their sustainability (or lack thereof) from the first day of our ‘Innovation In: Positive Growth’ virtual event.
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Business leaders are publicly committing to making inclusive and sustainable growth a priority – and that includes the supply chain.
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Less risky business: How Sony stays on top of reputational risk
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During the pandemic, the financial pressure ratcheted up on suppliers and the need to track their financial health moved back to the top of the agenda.
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By pursuing supplier diversity in both public and private sector organisations, we have the power to make a long-lasting difference, writes MSDUK founder Mayank Shah
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