Eight in 10 firms lack supplier due diligence measures – a key factor in preparing for risks and disruptions to supply chains, according to a report.
The report by Ecovadis found while health crisis preparedness differed among industries, overall preparedness levels were “concerningly low”.
Ecovadis analysed data from 35,000 suppliers from around the world to understand which parts of global supply chains were underprepared for health crises.
Areas examined by Ecovadis included employee health and safety, working conditions, and supply chain due diligence.
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EcoVadis is a purpose-driven company whose mission is to provide the world's most trusted business sustainability ratings. Businesses of all sizes rely on EcoVadis’ expert intelligence and evidence-based ratings to manage risk and compliance, drive decarbonization, and improve the sustainability performance of their business and value chain. Its AI-powered risk mapping, actionable scorecards, benchmarks, carbon action tools, and insights guide a resilience and improvement journey for environmental, social and ethical practices across 200 industry categories and 175 countries.
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