Supplier Business Continuity Plan: Core Pillars of Managing Supply Chain Risk
In today’s interconnected global economy, businesses rely heavily on their supply chains to deliver goods and services efficiently. However, with the increasing frequency of disruptions such as natural disasters, geopolitical tensions, and now, global pandemics, it has become imperative for organizations to prioritize supply chain risk management. At the heart of this strategy lies the […]
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Driving Supplier Growth: Role of Capabilities Assessment Process
In the world of business, it’s important to have strong relationships with the companies that supply you with goods and services. A key strategy in achieving this is through comprehensive capability assessment. By evaluating the strengths, weaknesses, and potential of suppliers, businesses can not only optimize their supply chain but also drive supplier growth and […]
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Engaging your Suppliers on the Sustainability and ESG Journey – Why and How
Supplier engagement is critically important to any successful corporate sustainability program. As companies everywhere work to strengthen their Environmental, Social, and Governance (ESG) strategies, it has become clear that success is not possible without supplier collaboration. We will uncover the main reasons why supplier involvement matters and share practical ways to encourage good partnerships in […]
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Implementing UFLPA Compliance: A Strategic 5-Step Guide
Who should comply with the UFLPA? The Uyghur Forced Labor Prevention Act (UFLPA) launched in June 2022, applies to a broad spectrum of entities engaged in international trade, particularly those with connections to the Xinjiang Uyghur Autonomous Region in China. This includes companies with global supply chains, importers, exporters, manufacturers, suppliers, retailers, and brands, especially […]
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ASCM Top 10 Supply Chain Trends
The world of supply chain management is ever evolving, and staying ahead of the curve is essential for success. Recently, the Association for Supply Chain Management (ASCM) released a report that delves into the Top 10 Supply Chain Trends in 2024. This article summarizes ASCM’s research and some of our own perspectives. Digital Supply Chains: […]
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