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Can a company increase its profits, reduce waste, improve its compliance standards and meet the aspirations of its stakeholders, while enjoying financial benefits such as lower capital limitations and a lower cost of debt? The answer is “yes”. Verity Hambrook explains how.
2011 was a difficult year for supply chain professionals, not least due to natural disasters and the impact of floods, volcanic ash and a tsunami. At the same time, globalisation continued, with companies increasingly prioritising new markets and locations for procuring raw materials and setting up new factories and warehouses.
As sustainability and ethical procurement move from being buzzwords to standard expectations, SMEs may find the concept of managing corporate responsibility risks in their supply chains daunting. Soledad Milius suggests some practical starting points.