With 2020 goals in the rear-view mirror, corporate efforts to advance sustainability in sourcing and supply chains are poised for an important evolution. We’ve had glimpses of what is to come — sustainable sourcing shifting from a limited commodity focus and a reliance on certifications to more of an allied approach.
The commodities that have been the focus of sustainable sourcing over the last decade still only have a small portion certified. For example, in the case of palm oil, only 19 percent of palm is certified and that certified volume exceeds demand. This doesn’t mean we have failed. A lot of awareness and insight was gained during the past decade. However, we still have important supply chain risks and problems that need to be addressed.
The way forward demands more than an arms-length strategy of a transactional approach that relies on third parties and certifications. Over the last 10-plus years, we have learned that more involvement from all parties is required, sharing the responsibility for progress. This is where an allied approach comes in.
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