Responsible Procurement in the COVID Era and beyond
Sustainable Procurement & Building Resilient Supply Chain Models
COVID-19 has challenged us on many fronts. It has not just tested our ability to fight the virus but also our ability to work in very different conditions. Its prolonged influence has triggered a fresh approach to materials, manufacturing, suppliers, supply chain, and transportation. In many areas, traditional sources of labour and materials no longer exist as they have either perished or remain incapacitated in the new normal.
Supply Chain management and Procurement finds itself right at the centre of an organization’s ability to cope with the new normal and to build the workplace of the future. We have come to realise the damage inflicted on nature by technological advancements and the human hunger to replicate and expand. There is a growing commitment by organisations to reduce their carbon footprint and establish a sustainable business operation. Procurement is a key contributor to this objective through sourcing sustainable materials, furniture, consumables and suppliers who follow sustainable manufacturing processes.
Building Resilient & Sustainable Supply Chain Models
The advent of new initiatives, products and technologies to overcome the hurdles also begs an important question to be answered - is the sustainability of supply chains and environmental viability of these products preserved?
While we deal with this pandemic on both health and economic terms, investment in the key focus areas and upcoming trends highlighted in this report would help supply chain and procurement to minimise the impact of lower revenues and bounce back effectively.