Supply Chains & Logistics Stage
Balancing Supply Chains and Procurement Long Term Sustainability Goals and Short Term Cost Pressure
11 Sep (Thur) Day 1 : 11:20 – 12:00
Building a Sustainable Future will explore how supply chains and procurement can effectively balance long-term sustainability goals with short-term cost pressures. As businesses face increasing demands to reduce environmental impact, ensure ethical sourcing, and enhance transparency, they must also navigate immediate financial constraints. This session will highlight innovative strategies, such as circular economy practices, supplier engagement, and technology-driven solutions, to drive sustainability without compromising profitability. Experts will share insights on integrating sustainable practices into procurement processes, reducing waste, improving resilience, and meeting stakeholder expectations, ensuring businesses remain competitive while contributing to a more sustainable future.
Learnings
- How does supplier engagement play a crucial role in enhancing sustainability and ethical sourcing?
- What technology-driven solutions can assist in driving sustainability while maintaining profitability?
- How can businesses meet stakeholder expectations regarding sustainability while remaining competitive in the market?
Post-event Actions
- Explore the possibility of adopting these pilot programs that test innovative sustainability strategies within your organisation.
- Facilitate partnerships between companies and sustainability-focused organisations or NGOs to enhance ethical sourcing and environmental impact.
Speakers
Moderator
Nelson Chow
Consulting Partner, Greater China
Nelson Chow
Consulting Partner, Greater China
Based in Hong Kong, Nelson is a Consulting Partner of Ernst & Young Advisory Services Limited. Nelson has been assisting CEOs and senior executives in transformational initiatives to drive growth and operational excellence for many years. His areas of focus include Energy, Consumer Products and Public sectors. Nelson is a regular speaker at forums and has published thought-leadership articles related to e-mobility, sustainability and the Greater Bay Area. He has recently been invited to speak at the SCMP Climate Change Hong Kong Summit 2022, share views on radio programs at Metro Broadcast, contribute an article to Bloomberg, and many more. Nelson is the President of the Institute for Supply Management Hong Kong branch (ISM-HK) and he also teaches global supply chain at the Hong Kong Polytechnic University.
Simeon Cheng
Group Director – Sustainability
Vitasoy International Holdings Ltd
Simeon Cheng
Vitasoy International Holdings Ltd
Group Director – Sustainability
Simeon Cheng is the Group Director – Sustainability of Vitasoy International Holdings Limited. He is a sustainability professional with 30 years of experience leading the development of sustainability strategies and overseeing implementation in consultancy and corporate environments.
Before joining Vitasoy, he served in environmental and sustainability leadership roles at the MTR Corporation and CLP Holdings Limited. He has also served in many external roles including being a board member on GRI’s Global Sustainability Standards Board between 2015/2016.
Simeon holds a Fellowship in Chemical Engineering with the Institution of Chemical Engineers, UK, a Fellowship with the Hong Kong Institute of Environmental Impact Assessment, a member of HKIQEP, and holds degrees in business administration and law.
My Sustainability Goals for 2025:
- Acceleration of clean energy.
- Circular economy of much reduced waste to landfill.
Supported by
Institute for Supply Management – Hong Kong
ISM-HK is an affiliate of ISM in Hong Kong, aims to serve members, professionals and organizations with an interest in supply management in Hong Kong and neighboring region.
ISM-HK’s mission is to lead the supply management through its standards of excellence, research, promotional activities, and education and play a highly influential role in the industry and business community.
Our organisation’s sustainability goals for 2025
- Educate and empower supply management professionals to integrate sustainability into their procurement and supply chain strategies
- Encourage innovation and technology adoption to address sustainability challenges in supply chains
- Influence policy and industry standards to advance sustainability in supply management
- Minimize ISM-HK’s carbon footprint and environmental impact through operational efficiencies and sustainable practices
