2021 Procurement and Supply Chain Predictions from the market — EcoVadis and Ivalua

December 28, 2020 EcoVadis ‏‏‎

Redefined resiliency will shift sustainability approaches from just-in-time to just-in-case
Throughout the coming year, we’ll see many interesting shifts in the supply chain — from blockchain losing its luster, to a heightened focus on human rights and workforce diversity at the brand and supplier level. One of the most critical changes we’ll see is that organizations will prioritize Scope 3 (value chain) emissions reductions to drive lasting climate action and avoid future costs more than ever. This is a result of the increase of corporate and social initiatives, new regulations, and more companies realizing that making a tangible impact requires reduced emissions across the value chain.

We’ll also begin to see how redefined resiliency following COVID-19 will shift sustainability approaches from just-in-time to just-in-case. In 2021, more organizations will discover that supplier diversification and near-shoring don’t address the core of the issue. Real resilience requires organizations to revamp their sustainability management programs with a focus on supplier relationships, continuous improvement and long-term performance. Next year will be an exciting year of growth and innovation as we continue to move toward a more responsible supply chain, and we’re looking forward to helping companies get on board.

Read the full article at: spendmatters.com

About the Author

EcoVadis ‏‏‎

EcoVadis is the world’s most trusted provider of business sustainability ratings, intelligence and collaborative performance improvement tools for global supply chains. Backed by a powerful technology platform and a global team of domain experts, EcoVadis’ easy-to-use and actionable sustainability scorecards provide detailed insight into environmental, social and ethical risks across 200+ purchasing categories and 160+ countries.

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