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
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Sachi Gupta
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Behind every product lies a story - from sourcing to shelf. Can transparency truly transform industries and empower change? In today's interconnected world, businesses have the power to play a vital role in driving positive social change through their supply chain practices. Ethical sourcing and supply chain transparency are not just buzzwords; I truly believe they are essential pillars of social sustainability. Here are some reasons why they matter and how companies can make a difference.✅ Respect for Human Rights: Ethical sourcing ensures that workers throughout the supply chain are treated fairly and with dignity. It means no child labor, fair wages, safe working conditions, and the protection of workers' rights.✅ Environmental Stewardship: Ethical sourcing extends beyond labor practices to environmental considerations. Companies committed to sustainability seek suppliers who minimize their environmental impact, conserve resources, and promote eco-friendly practices.✅ Community Empowerment: Ethical sourcing benefits not only workers but also local communities where suppliers operate. It fosters economic development, supports small-scale producers, and contributes to social well-being. I've got a chance to look at this more closely with my recent supplier diversity work. The Importance of Supply Chain Transparency:🔍 Building Trust: Transparent supply chains build trust with consumers, investors, and stakeholders. When companies openly share information about their suppliers and sourcing practices, they demonstrate accountability and integrity.🔍 Identifying Risks: Transparency enables companies to identify and mitigate risks within their supply chains, such as human rights violations, environmental degradation, or unethical practices. It allows for early intervention and corrective action.🔍 Driving Innovation: Transparent supply chains foster innovation by encouraging collaboration and knowledge-sharing among stakeholders. They enable the development of sustainable solutions and the adoption of best practices throughout the supply chain. How can we ensure that ethical sourcing and transparent supply chains become the norm, not the exception? I would love to hear some thoughts on this! #EthicalSourcing #SupplyChainTransparency #SocialImpact #CorporateSustainability
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European Coalition for Corporate Justice
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Companies have a unique opportunity to drive positive change.With global value chains becoming increasingly complex, clear rules are needed to hold companies accountable for #HumanRights & environmental abuses.
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SupplyChain Strategy
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SupplyChain Strategy
2,021 followers
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🔍 Supply chain transparency is a hot topic, but how can it be achieved?Explore practical strategies for building genuine transparency in your supply chain. From fostering a culture of collaboration and accountability to understanding the new regulations like the Corporate Sustainability Due Diligence Directive (CSDDD), this latest article from SupplyChain Strategy, featuring insights from Carmel Giblin, provides actionable steps for creating an ethical and transparent supply chain.🔗 Read the full article here https://bit.ly/3z72qaq #SupplyChain #Transparency #EthicalSourcing #Sustainability #ESG #Compliance #BusinessEthics
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SupplyChain Strategy
2,021 followers
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🔍 Supply chain transparency is a hot topic, but how can it be achieved?Explore practical strategies for building genuine transparency in your supply chain. From fostering a culture of collaboration and accountability to understanding the new regulations like the Corporate Sustainability Due Diligence Directive (CSDDD), this latest article from SupplyChain Strategy, featuring insights from Carmel Giblin, provides actionable steps for creating an ethical and transparent supply chain.🔗 Read the full article here https://bit.ly/3z72qaq #SupplyChain #Transparency #EthicalSourcing #Sustainability #ESG #Compliance #BusinessEthics
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Eyal A.
CEO | Strategic Thinker, Business Manager
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The current market conditions are undeniably challenging, with slow demand and significant losses reported by major companies over the past two years. The uncertainty about when the market will improve adds another layer of complexity. However, there's a noticeable trend gaining momentum: the increasing importance of traceability, ESG (Environmental, Social, and Governance) criteria, and sustainability in the supply chain.In the long run, these factors are becoming crucial for brands when selecting their suppliers. Companies that do not prioritize traceability, ethical sourcing, and sustainability may find themselves struggling to compete. As consumers become more conscious of their purchases, brands are under pressure to align with suppliers who can demonstrate a commitment to these values.I believe there's a significant opportunity to make a difference in this evolving landscape. By focusing on creating a more transparent and ethical supply chain, we can offer something truly valuable to brands looking to differentiate themselves and build trust with their customers. While I can't share all the details just yet, I am working on an exciting project that aligns with these trends and addresses the current gaps in the market.This initiative aims to provide a comprehensive solution that not only meets the growing demand for responsible sourcing but also sets a new standard for the industry. I am confident that this approach will resonate with brands looking to adapt to these new expectations and position themselves for future success.While I'm not ready to discuss the specifics at this time, I'm keen to hear your initial thoughts on the general direction I've outlined. Your perspective would be invaluable as I continue to refine this initiative, which I believe has the potential to make a significant impact in the industry.#ESG #iTraceiT #RJC #Tracapability #Sustainbility #compliance #ethics #Transparancy #Diamonds
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