Product shortages and supply chain disruptions have emerged as a frustrating reality for organizations across a wide swath of industries. Due to a convergence of factors -- including the pandemic, the war in Ukraine and a shortage of raw materials -- procuring essential materials and components is increasingly difficult.
Yet, things suddenly get a whole lot more complicated as soon as sustainable sourcing enters the picture. As businesses strive to meet aggressive climate goals and display results on Environmental, Social and Governance (ESG) reports, the headaches and risks multiply. An inability to obtain materials, products and services can threaten basic operations.
“Optimizing a supply chain is incredibly difficult,” observes Michael Lyons, managing director and partner at Boston Consulting Group (BCG). “Companies are struggling to build highly efficient systems that address green procurement and decarbonization. Sustainability introduces new risk factors and expands a company’s risk footprint.”
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