“ By using resources more wisely and reducing waste, we make our operations leaner and better prepared for any shocks in the business environment.
“ Taking a sustainable approach also gives us a head start on future trends and regulations. It lets us spot risks and opportunities early, so we can innovate, develop new solutions and stay ahead of the curve. Plus, it opens doors to new technologies and partnerships with customers who share our ambitions.”
Regulatory landscape – A rod for procurement’ s back? The shifting regulatory environment that Ard mentions is proving challenging for some in the profession.
Peter says McKinsey hears that many companies are struggling with what they consider‘ excess regulatory demands’ to report on ESG.“ My sense is that regulators have started to recognise this, and reporting schemes will become more harmonised, standardised and simplified
“ In our conversations with clients, we stress to identify the potential upside and investigate whether there are any potential business opportunities coming from stricter ESG adherence.”
The future of responsible sourcing Responsible sourcing will continue to be a critical pillar for almost every organisation operating today.
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