Achieving corporate social responsibility, managing ethical supply chains, and the conundrum of how best to audit suppliers in low cost countries - these are all tough tasks faced by a large number of today’s buyers.
One area that knows about these challenges more than most is the jewellery sector. Buyers who purchase diamonds from producers or manufacturers say in many ways it’s like purchasing any other commodity – but in addition they have to be acutely aware of where the gems come from. This is because a large percentage of the world’s diamonds come from war-torn countries and they – the buyers – must ensure they are not purchasing those mined in war zones and used by paramilitaries to fund their activities.
Can you think of another area of purchasing that compares with this?