In an article for Business Reporter, Pierre-Francois Thaler, co-CEO and co-founder of EcoVadis, points out that sustainability in supply chains isn't just good for the planet, it can also generate revenue for those who buy into it. Indeed, 88 percent of studies have found that companies adhering to social or environmental standards experienced greater operational success. But a global pandemic represents huge challenges to supply chains. Procurement teams might end up inadvertently using less reputable sources in the rush to find alternative supplies, for example, leading to issues later down the line. Vendors could be hit by a data breach, or a critical plant closure. Any additional and preventable threats that disrupt supply continuity or damage brand reputation could be devastating.
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