Corporate supply chains are growing in complexity with the increasing need for goods and services that uphold customer values as well as the ever-advancing technological progressions. With some businesses spending over 70% of their total spend in the supply chain, it is clear this is where the real impact can be made. Sourcing materials, managing suppliers, and navigating the way through emerging economies are common practices in the global business market. With this in mind, supply chain issues are bound to arise especially in the case of upholding important ESG (environmental, social, and governance) criteria, now of critical importance to consumers and investors.
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What are the ESG Criteria and Why Your Company Should Position Them at the Center of Its Procurement Strategy
Considering ESGs in key decision making is becoming more and more prevalent internationally. By ESGs, we mean environmental, social, and governance standards. The ESG market is rapidly growing and evolving. It is placing more responsibility on supply chain management as well as ethical company practices in the process.