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Social and ethical priorities are close behind but still lag. Survey participants included decision-makers in procurement in various industries, including CPG, finance, telecommunications, technology, and manufacturing/ automotive. However, only 33% have defined official sustainable policies and targets.
Most supply risks, whether from disruptions or ethical violations, lurk not among immediate suppliers, but in the sub-tier. Automotive parts leader Meritor presents a great example, having digitized the full supplier and product lifecycle to improve collaboration and accelerate the launch of new products. Map your Sub – tier.
In this way, they can be ready to face a crisis like Covid-19 or various other potential challenges — extreme weather caused by climate change, consumer demand for sustainable and ethically produced goods, trade wars or political tensions, to name a few. . Chassis Brakes and Meritor Digitally Transform with Ivalua.
Automotive parts leader Meritor presents a great example, having digitized the full supplier and product lifecycle to improve collaboration and accelerate the launch of new products. Disruptions, ethical and compliance risks are more likely to occur deep in your supply chain. Second, map your sub-tier.
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