{"id":21178,"date":"2024-07-16T13:15:10","date_gmt":"2024-07-16T13:15:10","guid":{"rendered":"https:\/\/interface.media\/?p=21178"},"modified":"2024-07-16T13:15:31","modified_gmt":"2024-07-16T13:15:31","slug":"long-term-sustainable-supply-chain-strategies-make-the-difference-in-both-stable-and-unstable-times","status":"publish","type":"post","link":"https:\/\/interface.media\/blog\/2024\/07\/16\/long-term-sustainable-supply-chain-strategies-make-the-difference-in-both-stable-and-unstable-times\/","title":{"rendered":"Long-term sustainable supply chain strategies make the difference in both stable and unstable times\u00a0"},"content":{"rendered":"\n

From Brexit to the pandemic and the current geopolitical conflict, the supply chain industry has faced a flood of challenges in recent years. This has caused disruption to supply chains. Businesses have been forced to navigate and adapt to these challenges to ensure continuity, limit interruption and reduce risk.\u00a0<\/strong><\/p>\n\n\n\n

Alice Strevens, Director Human Rights and Social Impact, Mazars<\/em><\/strong>\u00a0<\/p>\n\n\n\n

As part of this, it\u2019s increasingly important for businesses to ensure they have robust human rights due diligence processes in place. These processes support companies in their decision-making during crises, and help them identify risks in their supply chains. This ultimately protects them in both stable and unstable times. <\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Human rights and environmental due diligence provides a basis on which to address environmental, social and governance issues that impact supply chain resilience. Companies that respond to crises with an approach based on due diligence are more likely to protect their relationships with suppliers. Plus, they get to mitigate the impact on workers in their value chain. An example of this is during the Covid-19 pandemic. Many companies saw buyers abruptly cancel orders, request refunds in full and pause orders for months. With many suppliers facing reduced sales at the time, it led to questions as to whether businesses were working alongside suppliers. Or taking advantage of the circumstances to get reduced costs. <\/p>\n\n\n\n

It\u2019s important to learn from these lessons to build strong sustainable supply chain strategies. This will help businesses remain resilient both in stable times. And in the face of significant events. There isn\u2019t a perfect formula. However, the concept of double materiality (i.e. considering sustainability matters from both the perspective of the impact on people and the environment, and the perspective of the financial risks and opportunities to the business) is helping businesses to assess sustainability-related risk strategically.\u00a0\u00a0<\/p>\n\n\n\n

Supplier engagement will ensure long-term success <\/h2>\n\n\n\n

Building a sustainable supply chain for the long-term requires engagement and collaboration with supply chain partners. Long-term relationships can provide a basis to share challenging risks and impacts transparently. Human rights and environmental due diligence foregrounds the importance of engagement and collaboration to mitigate identified risks and build resilience.\u00a0<\/p>\n\n\n\n

The responsible supply chain strategy should be integrated into the overarching sourcing strategy and supplier engagement approach. Delivery against the strategy should be built into performance targets and incentives. Regular reviews of impacts, targets and KPIs should be conducted at board level. Making use of the latest technological developments, including assessing their risk for social\/environmental concerns and measuring and tracking performance. This will help companies stay ahead and be prepared in their processes.\u00a0<\/p>\n\n\n\n

An evolving regulatory landscape calls for preparedness <\/h2>\n\n\n\n

Another important point to keep in mind is the legislative landscape. This is especially pertinent in the EU, as the rules will make previous voluntary standards now mandatory and will impact large companies. This includes those in their supply chain, including in the UK. <\/p>\n\n\n\n

Companies should therefore look to base their strategies on the authoritative voluntary frameworks on conducting human rights and environmental due diligence. Primarily the UN Guiding Principles on Business and Human Rights and the OECD Guidelines for Multinational Enterprises on Responsible Business Conduct. This will set them up for meeting legislative requirements down the line. For example, Mazars and Shift co-wrote the UNGP Reporting Framework<\/a>, which provides a framework for companies to adopt responsible practices, and manage human rights risks. <\/p>\n\n\n\n

The future of supply chain is now\u00a0<\/h2>\n\n\n\n

Ultimately, companies and suppliers should work together to ensure collaboration and a robust strategy which takes all parties into consideration. Listening to feedback and promoting good communication between stakeholders will ensure smooth sailing during the business-as-usual times. And the more tumultuous periods.\u00a0<\/p>\n\n\n\n

Implementing long-lasting strategies and creating resilience to risks will increase business\u2019 market access and promote their financial value. Thus ensuring that they deliver quality goods and gain loyalty among suppliers. <\/p>\n\n\n\n

Read the full issue of SCS here!<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Businesses have been forced to navigate and adapt to these challenges to ensure continuity, limit interruption and reduce risk<\/p>\n","protected":false},"author":18,"featured_media":21179,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"apple_news_api_created_at":"2024-07-16T13:15:14Z","apple_news_api_id":"a8fabda1-1e8a-4d1a-b066-988d12ba0f94","apple_news_api_modified_at":"2024-07-16T13:15:14Z","apple_news_api_revision":"AAAAAAAAAAD\/\/\/\/\/\/\/\/\/\/w==","apple_news_api_share_url":"https:\/\/apple.news\/AqPq9oR6KTRqwZpiNEroPlA","apple_news_cover_media_provider":"image","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_cover_video_id":0,"apple_news_cover_video_url":"","apple_news_cover_embedwebvideo_url":"","apple_news_is_hidden":"","apple_news_is_paid":"","apple_news_is_preview":"","apple_news_is_sponsored":"","apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":[],"apple_news_suppress_video_url":false,"apple_news_use_image_component":false,"footnotes":""},"categories":[443],"tags":[63,9,15,18],"topic":[652,683],"class_list":["post-21178","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-supplychain-strategy","tag-procurement-transformation","tag-supply-chain","tag-supply-chain-management","tag-sustainability","topic-sustainability-technology","topic-sustainable-procurement"],"acf":[],"apple_news_notices":[],"yoast_head":"\nLong-term sustainable supply chain strategies make the difference in both stable and unstable times\u00a0 - Interface<\/title>\n<meta name=\"description\" content=\"Businesses have been forced to navigate and adapt their supply chains to ensure continuity, limit interruption and reduce risk\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Long-term sustainable supply chain strategies make the difference in both stable and unstable times\u00a0\" \/>\n<meta property=\"og:description\" content=\"Businesses have been forced to navigate and adapt their supply chains to ensure continuity, limit interruption and reduce risk\" \/>\n<meta property=\"og:url\" content=\"https:\/\/interface.media\/blog\/2024\/07\/16\/long-term-sustainable-supply-chain-strategies-make-the-difference-in-both-stable-and-unstable-times\/\" \/>\n<meta property=\"og:site_name\" content=\"Interface\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-16T13:15:10+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-07-16T13:15:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2024\/07\/LOng-term-sc-2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"512\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Andrew Woods\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Andrew Woods\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/interface.media\/blog\/2024\/07\/16\/long-term-sustainable-supply-chain-strategies-make-the-difference-in-both-stable-and-unstable-times\/\",\"url\":\"https:\/\/interface.media\/blog\/2024\/07\/16\/long-term-sustainable-supply-chain-strategies-make-the-difference-in-both-stable-and-unstable-times\/\",\"name\":\"Long-term sustainable supply chain strategies make the difference in both stable and unstable times\u00a0 - Interface\",\"isPartOf\":{\"@id\":\"https:\/\/interface.media\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/interface.media\/blog\/2024\/07\/16\/long-term-sustainable-supply-chain-strategies-make-the-difference-in-both-stable-and-unstable-times\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/interface.media\/blog\/2024\/07\/16\/long-term-sustainable-supply-chain-strategies-make-the-difference-in-both-stable-and-unstable-times\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2024\/07\/LOng-term-sc-2.jpg\",\"datePublished\":\"2024-07-16T13:15:10+00:00\",\"dateModified\":\"2024-07-16T13:15:31+00:00\",\"author\":{\"@id\":\"https:\/\/interface.media\/#\/schema\/person\/702f6e03523acc0615b65e435cf10169\"},\"description\":\"Businesses have been forced to navigate and adapt their supply chains to ensure continuity, limit interruption and reduce risk\",\"breadcrumb\":{\"@id\":\"https:\/\/interface.media\/blog\/2024\/07\/16\/long-term-sustainable-supply-chain-strategies-make-the-difference-in-both-stable-and-unstable-times\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/interface.media\/blog\/2024\/07\/16\/long-term-sustainable-supply-chain-strategies-make-the-difference-in-both-stable-and-unstable-times\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/interface.media\/blog\/2024\/07\/16\/long-term-sustainable-supply-chain-strategies-make-the-difference-in-both-stable-and-unstable-times\/#primaryimage\",\"url\":\"https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2024\/07\/LOng-term-sc-2.jpg\",\"contentUrl\":\"https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2024\/07\/LOng-term-sc-2.jpg\",\"width\":1024,\"height\":512,\"caption\":\"office document auditing concept ,plan review process and assess correctness ,Management of important document storage of organization ,document system ,accountant Audit documents\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/interface.media\/blog\/2024\/07\/16\/long-term-sustainable-supply-chain-strategies-make-the-difference-in-both-stable-and-unstable-times\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/interface.media\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Long-term sustainable supply chain strategies make the difference in both stable and unstable times\u00a0\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/interface.media\/#website\",\"url\":\"https:\/\/interface.media\/\",\"name\":\"Interface\",\"description\":\"Delivering World Class Content \u201cFrom Executive, For Executive\u201c\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/interface.media\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/interface.media\/#\/schema\/person\/702f6e03523acc0615b65e435cf10169\",\"name\":\"Andrew Woods\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/interface.media\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/0417875be612e5e7a34c36f1478192776540e729a7ad36e2b65b8ed87b693341?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/0417875be612e5e7a34c36f1478192776540e729a7ad36e2b65b8ed87b693341?s=96&d=mm&r=g\",\"caption\":\"Andrew Woods\"},\"url\":\"https:\/\/interface.media\/blog\/author\/awoods\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Long-term sustainable supply chain strategies make the difference in both stable and unstable times\u00a0 - Interface","description":"Businesses have been forced to navigate and adapt their supply chains to ensure continuity, limit interruption and reduce risk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"og_locale":"en_GB","og_type":"article","og_title":"Long-term sustainable supply chain strategies make the difference in both stable and unstable times\u00a0","og_description":"Businesses have been forced to navigate and adapt their supply chains to ensure continuity, limit interruption and reduce risk","og_url":"https:\/\/interface.media\/blog\/2024\/07\/16\/long-term-sustainable-supply-chain-strategies-make-the-difference-in-both-stable-and-unstable-times\/","og_site_name":"Interface","article_published_time":"2024-07-16T13:15:10+00:00","article_modified_time":"2024-07-16T13:15:31+00:00","og_image":[{"width":1024,"height":512,"url":"https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2024\/07\/LOng-term-sc-2.jpg","type":"image\/jpeg"}],"author":"Andrew Woods","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Andrew Woods","Estimated reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/interface.media\/blog\/2024\/07\/16\/long-term-sustainable-supply-chain-strategies-make-the-difference-in-both-stable-and-unstable-times\/","url":"https:\/\/interface.media\/blog\/2024\/07\/16\/long-term-sustainable-supply-chain-strategies-make-the-difference-in-both-stable-and-unstable-times\/","name":"Long-term sustainable supply chain strategies make the difference in both stable and unstable times\u00a0 - Interface","isPartOf":{"@id":"https:\/\/interface.media\/#website"},"primaryImageOfPage":{"@id":"https:\/\/interface.media\/blog\/2024\/07\/16\/long-term-sustainable-supply-chain-strategies-make-the-difference-in-both-stable-and-unstable-times\/#primaryimage"},"image":{"@id":"https:\/\/interface.media\/blog\/2024\/07\/16\/long-term-sustainable-supply-chain-strategies-make-the-difference-in-both-stable-and-unstable-times\/#primaryimage"},"thumbnailUrl":"https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2024\/07\/LOng-term-sc-2.jpg","datePublished":"2024-07-16T13:15:10+00:00","dateModified":"2024-07-16T13:15:31+00:00","author":{"@id":"https:\/\/interface.media\/#\/schema\/person\/702f6e03523acc0615b65e435cf10169"},"description":"Businesses have been forced to navigate and adapt their supply chains to ensure continuity, limit interruption and reduce risk","breadcrumb":{"@id":"https:\/\/interface.media\/blog\/2024\/07\/16\/long-term-sustainable-supply-chain-strategies-make-the-difference-in-both-stable-and-unstable-times\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/interface.media\/blog\/2024\/07\/16\/long-term-sustainable-supply-chain-strategies-make-the-difference-in-both-stable-and-unstable-times\/"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/interface.media\/blog\/2024\/07\/16\/long-term-sustainable-supply-chain-strategies-make-the-difference-in-both-stable-and-unstable-times\/#primaryimage","url":"https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2024\/07\/LOng-term-sc-2.jpg","contentUrl":"https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2024\/07\/LOng-term-sc-2.jpg","width":1024,"height":512,"caption":"office document auditing concept ,plan review process and assess correctness ,Management of important document storage of organization ,document system ,accountant Audit documents"},{"@type":"BreadcrumbList","@id":"https:\/\/interface.media\/blog\/2024\/07\/16\/long-term-sustainable-supply-chain-strategies-make-the-difference-in-both-stable-and-unstable-times\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/interface.media\/"},{"@type":"ListItem","position":2,"name":"Long-term sustainable supply chain strategies make the difference in both stable and unstable times\u00a0"}]},{"@type":"WebSite","@id":"https:\/\/interface.media\/#website","url":"https:\/\/interface.media\/","name":"Interface","description":"Delivering World Class Content \u201cFrom Executive, For Executive\u201c","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/interface.media\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Person","@id":"https:\/\/interface.media\/#\/schema\/person\/702f6e03523acc0615b65e435cf10169","name":"Andrew Woods","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/interface.media\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/0417875be612e5e7a34c36f1478192776540e729a7ad36e2b65b8ed87b693341?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/0417875be612e5e7a34c36f1478192776540e729a7ad36e2b65b8ed87b693341?s=96&d=mm&r=g","caption":"Andrew Woods"},"url":"https:\/\/interface.media\/blog\/author\/awoods\/"}]}},"_links":{"self":[{"href":"https:\/\/interface.media\/wp-json\/wp\/v2\/posts\/21178","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/interface.media\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/interface.media\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/interface.media\/wp-json\/wp\/v2\/users\/18"}],"replies":[{"embeddable":true,"href":"https:\/\/interface.media\/wp-json\/wp\/v2\/comments?post=21178"}],"version-history":[{"count":7,"href":"https:\/\/interface.media\/wp-json\/wp\/v2\/posts\/21178\/revisions"}],"predecessor-version":[{"id":21214,"href":"https:\/\/interface.media\/wp-json\/wp\/v2\/posts\/21178\/revisions\/21214"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/interface.media\/wp-json\/wp\/v2\/media\/21179"}],"wp:attachment":[{"href":"https:\/\/interface.media\/wp-json\/wp\/v2\/media?parent=21178"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/interface.media\/wp-json\/wp\/v2\/categories?post=21178"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/interface.media\/wp-json\/wp\/v2\/tags?post=21178"},{"taxonomy":"topic","embeddable":true,"href":"https:\/\/interface.media\/wp-json\/wp\/v2\/topic?post=21178"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}