Balancing Supply Chains and Procurement Long Term Sustainability Goals and Short Term Cost Pressure

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.