Risks and vulnerabilities within the supply chain have been forced into the spotlight of many organisations due to the challenges and turbulence we have all borne witness to over the last few years. Many found their unpreparedness exposed the hard way, as COVID-19 created both increased consumer demands and delays throughout their supply chains owing to manufacturing shutdowns and a rapidly deteriorating workforce.
As sourcing teams continue to navigate an ever-evolving business landscape, the struggle to balance competing and supporting goals, particularly in relation to Environmental, Social, and Governance (ESG), can be overwhelming.
In my experience working in the software development world, especially working closely with procurement teams over the past twelve years, the ESG movement is one of the most interesting challenges and opportunities facing business.
When considering procurement’s role in the drive towards a more sustainable future for modern businesses, the general consensus seems to be one of confusion from those within the department.