How CPG companies can be socially responsible | NATIONAL DELIVERY SOLUTIONS LLP posted on the topic | LinkedIn (2024)

NATIONAL DELIVERY SOLUTIONS LLP

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In 2024, consumer expectations and regulatory pressures are driving consumer-packaged goods (CPG) companies to ensure their supply chains are socially responsible.Consumers are increasingly valuing products that guarantee employee safety, fair labor practices, and no child labor, with many willing to pay a premium for such ethically sourced items.The importance of social sustainability is being recognized alongside environmental concerns, as companies navigate a complex stakeholder environment. Retailers are focusing on better labeling to build trust and transparency, allowing consumers to easily identify responsibly sourced products.For CPG companies, the challenge is multi-faceted: managing the growing list of ESG regulations and enhancing transparency in their supply chains. To address these challenges, companies are adopting social contract principles.These include fair worker treatment, ensuring human rights, supporting workers' families, investing in future education and training, promoting inclusive businesses, and partnering with suppliers for community well-being.The choice for CPG companies is clear: build in-house capabilities for robust supply chain scrutiny or partner with reputable assurance providers.Either way, the focus on social sustainability is no longer optional but a critical component of corporate strategy, impacting both ethical standards and business performance.#SocialResponsibility #SustainableSourcing #CPGIndustry #SupplyChainInnovation

  • How CPG companies can be socially responsible | NATIONAL DELIVERY SOLUTIONS LLP posted on the topic | LinkedIn (2)

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