Sustainability Risk Elevating the Roll of the Supply Chain

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Sustainability Risk Elevating the Roll of the Supply Chain

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#Sustainability Risk Elevating the Roll of the Supply Chain http://3bl.me/g9as2m by @TaigaCompany #SCM
Friday, May 28, 2010 - 2:33pm

CONTENT: Blog

A recent post, Exploring Sustainability Risk Management, we discussed how current market forces are affecting business sustainability.  The post, in particular, focused on business reputation as a component of sustainability risk.  To further build on the discussion, today’s leaders are also focusing greater attention on supply chain risks as a key factor in business sustainability. 

According to the Aberdeen Group’s CPO Agenda 2009, the current economic climate has increased business sustainability risk in the supply chain.  As a result, the roll of the supply chain function has elevated in many organizations.  Along with many other factors, the top supply chain drivers in 2009 include:
 
•    Identify Cost Reductions: Best-in-class organizations are targeting on average an 8.5% cost improvement on total company spend.
 
•    Mitigate Supply Risk: On average 37% of all companies are implementing sustainable supply risk mitigation strategies.
 
•    Improve Processes: Best-in-class organizations reducing sourcing activity to focus on key suppliers, improving contract compliance, and eliminating maverick spend.
 


Home to one third of the earth's trees, the Taiga is the largest land-based biosphere and encircles the globe. Its immense oxygen production literally changes the atmosphere and refreshes the planet. It is this continuous renewal that has shaped Taiga Company's vision to drive similar change in the business world. Taiga Company seeks to be the "oxygen for your business".



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Keywords: Business | Reputation | TAIGA | cost | risk | supply chain | sustainabililty

CONTENT: Blog