SUPPLY CHAIN
LAST YEAR ’ S SUPPLY CHAIN ESG TRENDS CARRY INTO 2024
Organisations must embrace upcoming regulations in 2024 as social impacts of supply chains remain . Legislation will force leaders to take measured action
WRITTEN BY : TOM SWALLOW
Supply chain managers are becoming more aware of their responsibilities as they seek out new ways to be more efficient from a cost perspective while also factoring in environmental , social and governance ( ESG ). Not only is it crucial for companies to eliminate emissions from their supply chains , but also understand the impact it has on livelihoods , particularly when it comes to long-standing child labour and human rights issues .
The fact is , poor working conditions are still widespread in a number of industries , which has historically been represented by low prices and the ability to meet demand quickly . These issues are becoming more widely considered among companies in the US , Europe and other developing nations that aim to fulfil their ESG goals and begin to produce goods and services at no detriment to any human , animal , and climate linked to their operations .
So , how exactly will organisations take action to increase visibility of social impacts from their supply chains ? Also , how does
146 March 2024