SUSTAINABILITY
“GOOD DATA ENABLES TRANSPARENCY ”
COSTAS XYLOYIANNIS , CEO AND CO-FOUNDER , HICX
Agreeing with Xyloyiannis , Laverentz says : “ You can ’ t fix what you can ’ t see , and for many businesses , getting a better picture of their supply chain ecosystem is the first step on the journey .”
While most companies set out to do the right thing , the complexity and disconnected nature of modern supply chains makes it difficult for organisations to isolate and address unethical behaviours that are deep within their extended supply chains .
“ Many of these issues stem from a lack of data available across the supply chain ecosystem ,” says Laverentz . “ Digitalising the relationships across supply chains will go a long way to giving businesses the kind of transparency they need to ensure their best intentions are matched by best practices .”
Another critical part of responsible sourcing is in establishing supplier diversity . Laverentz explains : “ By creating a diverse
122 July 2022