Join this Absa Business Day Supplier Development Dialogue as we peel back the curtain on the changes that need to happen in supply chain, for us to be ready for the reveal on the way we do business.
Itโs a brave new world. Are you ready? Good Business practice is everyoneโs responsibility. How do we work towards an ethical business value chain? Does ethics include sustainability and good earth practice?
An ethical supply chain is now a requirement in the global economy, as consumers increasingly demand that supply chains meet ethical standards. Activism, social media and online communities mean that company behaviours are out there in the public domain. Consumers have insights on ethical procurement, fair treatment of an inclusive supply chain, transparency, environmental stewardship and sustainable sourcing, to reducing waste, transparency and fair labour practices.
The supply chain is vulnerable to unethical practices. An ethical supply chain focuses on social and human rights, corporate social responsibility, enterprise and supplier development and inclusion, building deeper relationships beyond tier-one and working to produce products and services in a way that treats stakeholders and the supply chain environment ethically.
What are the levers that supplier development can offer to ensure an ethical supply chain and is this possible in a developing, distressed and jobless economy? Itโs no longer about simple compliance and brand image!
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