An “action staircase” of procurement practices has been identified to help organisations improvement sustainability credentials.
The staircase was drawn from the results of a survey by the MIT Centre for Transportation and Logistics, which ranked the results from most common to a “peak” of the most rare, to provide a clear journey for procurement teams.
The report said there was an increasing gap between companies’ investments in supply chain sustainability and their stated goals, despite intensifying pressure from investors and corporate buyers to improve sustainability.
“At the bottom of the staircase are the practices most commonly implemented, and at the top are those least so,” the report said. “In general, anyone looking to assess their next supply chain sustainability investment can look at which stair they find themselves on now to see what typically comes next – or which earlier steps their organisation may have overlooked.
“Interestingly, all paths lead upward and are mostly convergent… The ‘peak’ includes initiatives and technologies most firms as yet consider aspirational or those only on the radar of firms that are particularly aggressive about their supply chain sustainability efforts.”
Read the full article at: www.cips.org
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