Addressing Supply Chain Challenges in the COVID-19 Era




Addressing Supply Chain Challenges in the COVID-19 Era

Since the “new world order” ushered in a new era in global trade some 30 years ago with the end of the Cold War, barriers to trade have continued to tumble. “GATT” (the “General Agreement on Tariffs and Trade” rounds of global trade talks that began in 1947) gave way to the World Trade Organization (WTO) in 1995.  New rules were applied, and trade continued to become “more liberalized”.  Corporate interests responded with dispersal of many their operations.

Large manufacturing companies spread out their sourcing to many new areas of the world, building a substantial network of suppliers in far-off lands. Mid-sized and smaller firms followed the example and began to source globally.  Manufacturing moved from “home country” to many other countries over time. 

As companies set up their operations in many countries and sourced almost everywhere; fleets of cargo vessels plied the seas with stacks of containers on their decks.

Result:  today’s diverse, complex, spread out networks of tier one, two and three suppliers, many in China and East Asia and Pacifica nations, have dramatically changed the face of “home country companies” (such as in North America and Europe).

Therein, we find the risk!  Today we present two commentaries for you on today’s global supply chains and how to make these more links sustainable -- and to address the inherent risk in the supply chain mix.
Writing in SupplyChainBrain, David Cahn suggests “…it is essential for companies and their supply chains to realize that customers prefer to engage with organizations that are focused on environmental sustainability. Significant opportunities exist for leveraging people, processes and technologies to achieve operational efficiencies.”

He suggests five steps in “the Pursuit of Sustainability” that spans the corporate enterprise.  His five areas “ripe for improvement” include: sourcing; manufacturing; recycling; packaging; transportation. There are numerous tips in each of the categories that may be of value to your organization. 

Author David Cahn is global marketing director for Elemica, a Digital Supply Network for manufacturers that automates and provides visibility into supply chains. 

Visibility and understanding the risks inherent in supply chains is important and our second commentary for you comes from our colleague Pam Styles, who poses the question:  “what’s in your supply chain mix”?
The COVID-19 pandemic has exposed countless concerns for corporate managers, and for investors and providers of capital -- including global supply chain management issues, Pam writes.  And, she suggests, ESG/sustainability practitioners may be able to offer unique vantage to assist the debrief in collaboration with company supply chain experts and management teams.

Her comments are directed at investor relations officers (IROs) who are on point to answer analyst and investor questions about supply chain risks and issues as well as to corporate ESG practitioners.

Pam concludes: When it comes to Sustainability – climate change is important but supply chain is urgent.  Pam is a long-time Fellow of G&A Institute and a valued collaborator on client projects. She is a long-time member of NIRI and the NIRI Senior Roundtable.


Featured Stories

The Pursuit of Sustainability Spans the Enterprise   
Source: Supply Chain Brain - These days, it’s essential for companies and their supply chains to realize that customers prefer to engage with organizations that are focused on environmental sustainability. Significant opportunities exist for leveraging...

Corporate ESG Stakeholders – Supply Chain Management – What’s in Your Supply Chain Mix?
Pam Styles commentary in G&A Institute’s Sustainability Update
Does your company regularly review and remediate identifiable aggregate risks across the company’s supply chain and associated third-party relationships?


 

G&A Institute Sustainability Update
Informative, insightful, thought provoking
Governance & Accountability Institute's blog focusing on the sustainable world evolving daily before our eyes. Read it, absorb it, question it and challenge.

Watching the Watchers – What Investors & ESG Raters Are Doing in the Virus Crisis

It’s Earth Day Again – Let’s Celebrate – and Pledge Again to Defend Mother Earth!

Corporate ESG Stakeholders – Supply Chain Management – What’s in Your Supply Chain Mix?

Technology: Providing Vital Components Influencing the Fight Against COVID-19

 

 

_________________________________________
G&A RESEARCH

FLASH REPORT: 60% of Russell 1000® Are Publishing Sustainability Reports, G&A Institute’s 2018 Inaugural Benchmark Study Shows

FLASH REPORT: 86% of S&P 500 Index® Companies Publish Sustainability / Responsibility Reports in 2018

Learn More About G&A Research

________________________________________

G&A IS THE GRI DATA PARTNER FOR USA, UK & IRELAND


Sustainability Standard Setters & Policy Makers

JUMP TO MORE Sustainability Standard Setters & Policy Makers

 

ESG / Sustainable & Responsible Investment

JUMP TO MORE ESG / Sustainable & Responsible Investment

 

COVID-19: During the Crisis / Post-Crisis / Recovery

JUMP TO MORE COVID-19 � During the Crisis / Post-Crisis / Recovery

 

Corporate Sustainability / ESG

JUMP TO MORE Corporate Sustainability / ESG

From the Agora: Consumers & Sustainability

JUMP TO MORE Consumers & Sustainability


Global Sustainability : Forward Momentum!

JUMP TO MORE Global Sustainability : Forward Momentum!



Sustainability Data That Matters

JUMP TO MORE Sustainability Data That Matters

 

These feeds are provided for Accountability-Central in partnership with 3BL Media. 3BL Media distributes press releases, blogs, videos, podcasts, reports, newsletters and more to the growing audience of stakeholders interested in Corporate Social Responsibility (CSR) and Sustainability.  Visit 3BLMedia.com for more.

Schneider Electric's 2020 Corporate Energy & Susta... April 23, 2020

How to do Good From Home on Earth Day April 23, 2020

Coming Together: Support for Small Businesses Impa... April 23, 2020

"One World: Together at Home" Draws Global Audienc... April 23, 2020

For more news and content from 3BL Media, click here.


 

The Sustainability Highlights eNewsletter is prepared by Governance & Accountability Institute, Inc. based on continuous monitoring of trends and developments in Sustainability and ESG. Copyrights for other providers are noted where appropriate. Please credit the source if quoted. Content © 2009 - 2020 - All Rights Reserved.

Governance & Accountability Instiute is the "Sustainability Headquarters™" for clients in the corporate, investment, public and social sectors. Based in New York, G&A is a for-profit consulting organization providing a range of value-added strategies, services and resources related to ESG & sustainability to clients in the corporate and capital markets communities. For G&A's full range of services, click on each of the links: Sustainability / ESG Consulting Services, Communications & Recognition Services, Investor Relation Services. For more information, visit www.ga-institute.com or contact us at 646.430.8230 or info@ga-institute.com.