Sustainability is central to corporate competitiveness, and we’re seeing sustainable businesses elevated as more strategic in the marketplace. Right now, you may integrating a more holistic view of your company’s environmental and social impact into your procurement strategy. Industry experts reveal that advanced sustainable procurement programs help lower costs, increase sales, establish higher levels of innovation and reduce supply chain risk.
CPOs, procurement and supply chain professionals are facing higher expectations, increased role responsibilities, all while striving to remain agile and innovative. Your board of directors and CEO are likely looking ahead toward a more sustainable future in 2022, specifically the long-term environmental and social impact of your organization. Has the need for a strengthened sustainable procurement plan been emphasized to you?
Are your CEO and sustainability managers applying the pressure to incorporate more sustainability efforts into your procurement decisions? Then you've likely discussed with stakeholders that sustainable supply chains and ethical sourcing are seen as competitive priorities and responsibilities. This means there's an added responsibility for you, the procurement and/or sourcing expert, to achieve those green goals even if you don’t have the extra time or resources.