In a recent survey of Supply Management leaders, 30% ranked the prioritization of Scope 1, 2, and 3 carbon emissions reduction as a higher than medium priority while the same percentage ranked it as a lower than medium priority, indicating the profession is split on the urgency of carbon reduction actions.

Read about: CAPS Flagship Survey Opportunity, Cost Savings Quick Poll and Top Priorities, ISM Report on Business

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.

An overview of carbon offsets and their application in achieving net zero objectives. Review key concepts and definitions about climate commitments, and enhance your understanding of offset management.

While geopolitical and operational risks are different by nature, 2 of the top 3 strategies to manage those risks tend to be tactical responses: increase the number of suppliers and buffer inventory. This points to opportunities for improvement in business intelligence, sourcing, and supplier management.