The dynamic landscape of trade barriers and heightened regulatory demands necessitates a fundamental realignment of international supply chains. However, the critical question remains: How can we establish robust measures to shield supply chains reliably from potential future shock waves?
European companies are under increasing pressure to seamlessly integrate environmental, social, and governance principles and initiatives into their supply-chain risk management. Over the last two decades, the recognition of ESG as a crucial element in risk management has gained prominence, driven by heightened expectations from customers, investors, employees, and regulatory bodies. By comprehending disruptions linked to ESG within their supply chains and ecosystems, businesses can proactively anticipate challenges and adapt swiftly, thereby enhancing their overall resilience. However, for many companies, accomplishing this objective remains a considerable challenge.
Context: What’s driving ESG into Supply Chain Risk Management?
Pressure from Stakeholders
ESG adoption, initially driven by internal initiatives, is now steered by external stakeholders: B2B customers, investors, and employees….
