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Sustainability and Ethical Sourcing – Summary

Consumers are now more aware of what goes on in the supply chain, prompting organizations to be scrutinized more closely. It is necessary for organizations to justify their sourcing decisions from both an environmental and corporate social responsibility standpoint.

By adopting sustainable procurement principles, organizations can conserve natural resources, reduce carbon footprints, ensure fair workplace standards within the supply chain, and minimize supply chain disruptions. Prioritizing people, planet, and profit ensures that all activities, not just financial ones, receive attention.

Sustainability should be integrated into various procurement decisions, such as product design, supplier selection, and product packaging and transportation. Ethical supply chain teams have the responsibility of supervising and monitoring suppliers and other business partners within the supply chains.

This involves ensuring that employees act in accordance with strict ethical guidelines in their relationships with suppliers. It also necessitates that buyers consider the environmental impact of the products and services they purchase, as well as the working conditions of those in the supply chain.

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