article thumbnail

Supplier Diversity: From Checking the Box to Driving Business Strategy

ivalua

Global governments and businesses are now recognizing diversity programs as an effective “ethical” mechanism to increase community engagement and correct systemic issues or historic inequality. However, the ethical justification is no longer the totality of the value proposition. Building Business Cases and Momentum.

article thumbnail

See Through Disruptions: How Supply Chain Visibility Builds Resilience

SCMDOJO

Supply chains are vital to businesses, facilitating the movement of goods, services, financial flows, and information. Enhancing supply chain resilience as well as supply chain visibility is crucial in today’s interconnected world. However, they are also susceptible to disruptions and risks.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

GM confident it can mitigate tariffs

Let's Talk Supply Chain

Heading 2: Leveraging Supply Chain Resilience for tariff Adaptation General Motors (GM) has announced its confidence in its ability to navigate and mitigate the challenges posed by tariffs through strategic supply chain resilience.

article thumbnail

Supply Chain Collaboration — The Ultimate Guide

Procurement Tactics

The complexity of today’s supply chain makes it more prone to severe impacts from disruptions, just like what happened at the start of the pandemic. . Due to this, many organizations have put supply chain resilience as a top priority. Enhanced ethical standards. Ultimate Supplier Plotting Checklist 2023.

article thumbnail

4 Ways Modern Software will Empower Digital Procurement

ivalua

The pandemic has accelerated this trend, with the Procurement function front and center in the fight to ensure supply chain resilience and continuity, reduce costs and protect the bottom line. Modernize your SVM software to deliver on these goals and help your supplier ecosystems be agile, ethical and reliable.

article thumbnail

Procurement and Sustainability: A Harmonious Partnership for a Greener Future

Procurement Templates

This involves selecting suppliers and partners who are committed to ethical and eco-friendly practices. Additionally, organizations should work with legal experts to navigate complex compliance issues and ensure that their procurement practices align with legal and ethical standards.

article thumbnail

Supply Chain News Roundup: Boeing Machinists End Strike – Institute for Supply Management News

Let's Talk Supply Chain

Additionally, the Institute for Supply Management ‍(ISM) news highlighted the growing focus on sustainability and ethical sourcing within supply chains. companies are increasingly prioritizing environmentally friendly practices and ensuring that their suppliers adhere to ethical standards.