Richard Sharpe

Scope 3 emissions reportedly account for more than 70% of businesses’ carbon footprints. That huge percentage gives an indication of just how critical supply chain sustainability efforts are to the planet. Thankfully, a growing number of eco-friendly innovations are helping reshape global supply chains. Supply Chain Sustainability: An Industry Imperative in a Changing World It is becoming increasingly important for companies to accurately calculate their supply chain emissions and create an information-sharing ecosystem, according to Matthew Gardner, co-founder and managing partner of Sustainserv, a consulting firm that helps businesses implement sustainability strategies. Gardner said accounting for supply chain-related greenhouse gas emissions includes such challenges as: Data gathering of “materials, manufacturing processes, activities of second- and third-tier suppliers, and overall data governance and quality.” Calculation methodology that “reflects the realities of raw material sourcing, product manufacturing, transportation and distribution, and other life-cycle impacts that may affect reported greenhouse gas totals.” Supplier relationships, which can be strained as a result of emissions assessments. Businesses also need to keep in mind their relationships with consumers. PDI Technologies said 80% of U.S. consumers it surveyed were willing to pay more for sustainable products. “Between these statistics and the regulatory conversations that are happening in…

Leveraging ERM to navigate emerging tariffs and supply chain risks With recent tariff hikes and geopolitical shifts, supply chain risks are more urgent than ever. 63% of businesses reported higher-than-expected supply chain losses despite increased risk management efforts in recent years. Leveraging ERM to navigate emerging tariffs and supply chain risks explores the distinct challenges of a stressed global market and shows how ERM can enhance efforts in identifying, escalating, and responding to emerging supply chain threats.   Key areas explored in the guide:   Supply chain risks affected by increased tariffs. Why engaging ERM to address supply chain risks is crucial. 8 proactive strategies for addressing emerging supply chain risks.   Ready to start engaging ERM to respond to emerging supply chain risks with agility and speed?   Download the free guide now