Although there are many approaches to investing in supply chain management, interest in human rights protection, worker welfare and safety and energy savings and renewable energy increased significantly over the last year, according to a report produced by MIT Center for Transportation & Logistics (MIT CTL) and the Council of Supply Chain Management Professionals (CSCMP).
In fact, supplier development was found to be the most common mechanism used by firms to deliver on their supply chain software promises.
“We believe cooperation between sectors is vital to thoroughly understand the complexity and evolution of sustainability efforts more broadly,” says David Correll, MIT CTL research scientist. “Our work with CSCMP and our sponsors helps us to embed this essential research and its findings within the context of the real-life practice of supply chain management.”
“Our members tell us that now, more than ever before, that the very notion of embedding sustainable practices from within their company’s supply chain delivers real, tangible results,” says Mark Baxa, CSCMP president and CEO. “Competing in today’s global marketplace is not just about the high-quality products supply chains plan, procure, make and deliver. It’s about doing the right things right for the whole of society.”
- This year’s report indicates that pressure to support supply chain software came from multiple sources, both internal and external to companies, but increased the most among investors and industry associations.
- A broader concern is that more attention from stakeholders – notably consumers, investors and regulators – will bring more scrutiny of firms’ supply chain software track records and less tolerance of token efforts to make supply chains sustainable.