Modern supply chains are highly complex, multi-tiered networks that consist of continuously evolving relationships involving many thousands of individual suppliers around the world.
Globalisation and shifting patterns of trade can quickly create new risk hot spots. All of this makes any kind of commitment to improving standards at scale more challenging.
In mapping and understanding supply chain risk some companies focus on ‘top-down’ approaches to responsible supply chain management, assessing first-tier supplier’s performance based on their publicly-disclosed data.
Whilst this may seem a sensible place start, it can create blind spots as environmental, social and governance (ESG) risks often lie deeper in the supply chain where knowledge and capacity to address risks can be limited.
This second film in Sedex’s Responsible Sourcing Insights film series focuses on how to tackle complexity in multi-tiered supply chains.
The film features interviews with companies such as Marks & Spencer, Sainsbury’s, B&Q and others to explore the common strategies which companies are successfully using to monitor and manage ESG risks in global supply chains.
This is the second of six episodes. Supply Management
will be featuring a new film every fortnight. The next video will be about driving transparency to improve standards. For more information about the Responsible Sourcing Insights series click here
☛ Mark Robertson is head of communications at Sedex