The conversation in boardrooms around environmental, social, and governance (ESG) is rapidly evolving with direct implications on procurement and supply chain leaders. IF the global pandemic gave cause to review, revamp, and reimagine the global supply chain. ESG regulations and commercial considerations are underlining this need. There is now a clear opportunity to consider the long-term impact of any new decisions – from cost and risk to the impact on customers and the environment.
During the early days of the pandemic, Divya Demato, CEO & Co-founder of the GoodOps, a renowned expert in sustainable supply chain management, presented a series of new considerations and new options that are available to supply management leaders as they re-craft their supply chains in a “post-COVID-19” world. Key insights from this session include:
“Nearly 75 % of companies report supply chain disruptions in some capacity due to coronavirus-related transportation restrictions, and more than 80 % believe that their organization will experience some impact because of COVID-19 disruptions.”
“The path to resilience will be hard won. Companies must be strategic in their response and recovery efforts to ensure successful restoration and reinforcement of their brands.”
“While the primary goal is near-term survival, signals sent during crisis endure.”
“To future-proof supply networks from another reality-altering event, companies must build a business continuity plan centered on stabilizing the people and resources in their supply chain.”
If you have time, I highly recommend that you listen to the entire presentation below.
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