Based on recent CAPS survey results, regulatory compliance and customer pressure are the biggest drivers for integrating environmental sustainability into the selection process for suppliers. Product quality and cost reduction seem to be of minimal or no influence, potentially indicating that companies’ efforts are driven more by external forces than internal adoption.

Achieving sustainable business practices has become a top priority for organizations. Companies are looking beyond their own operations and focusing on their supply chain emissions.

Read About: New Research about Generative AI in Procurement, AI in Software Decisions, Revolutionizing the Supply Chain with AI

Explore the vast potential of leverage, particularly in the realm of supply management negotiation strategies, where it plays a pivotal role in achieving mutual success.

78% of supply chain professionals surveyed have tools or methods to identify high-risk suppliers related to labor or human rights. Of those, many are using multiple tools including technology, monitoring, and scorecards. The 22% without tools or methods have greater exposure to risk and consequences stemming from compliance failures.

Recent CAPS Research benchmarks of payment terms revealed the variations of how long after an Original Equipment Manufacturer (OEM) waits to pay for purchased materials and services.