{"id":895,"date":"2022-09-29T05:53:25","date_gmt":"2022-09-29T05:53:25","guid":{"rendered":"https:\/\/ventureconnections.info\/?p=895"},"modified":"2022-09-29T05:53:28","modified_gmt":"2022-09-29T05:53:28","slug":"what-does-a-responsible-supply-chain-really-mean","status":"publish","type":"post","link":"https:\/\/techranchmexico.com\/ventureconnections\/blog\/what-does-a-responsible-supply-chain-really-mean\/","title":{"rendered":"WHAT DOES A RESPONSIBLE SUPPLY CHAIN REALLY MEAN?"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The supply chain is no longer a back-office function that consumers have never heard of. Over the past ten years, it\u2019s taken on a more forward-facing role that\u2019s a competitive differentiator and part of the corporate business model. A growing number of companies are working to improve the ethical responsibility of their supply chains through open communication and transparency.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">So, what makes a supply chain responsible?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Supply chains can be extremely complex, with dozens, even hundreds of providers making up a company\u2019s total network. Recent years have seen a push for companies to improve their supply chain transparency so that businesses and consumers alike can know where a product is coming from and how it\u2019s produced.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Supply chain management is key to ensuring a company\u2019s supply chain is taking responsibility for its social impacts. A company should strive for understanding the entirety of a supply chain so it can increase its agency on how their products and services are procured.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A responsible supply chain particularly focuses on:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Eliminating child and slave labor<\/li><li>Safe and hygienic working conditions<\/li><li>Fair pay and working hours<\/li><li>Anti-bribery and corruption<\/li><li>Ethical sourcing and procurement<\/li><li>Environmental awareness and sustainability<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">To achieve this, there are many actions that need to be taken to move towards a more responsible supply chain, including simplifying processes, efficient planning, and visibility into supplier actions.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">At the heart of delivering a responsible supply chain is information. An organization must be able to access information on their suppliers and their activities. They must also be able to make that information accessible to partners and customers. Key areas such as workers\u2019 contracts and conditions, the provenance of materials, environmental performance and financial process need to be able to be monitored, and organizations need to be able to identify any supplier breaches of their ethical policies and take remedial actions quickly.<\/p>\n\n\n\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex\">\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1200\" height=\"477\" data-id=\"897\" src=\"https:\/\/ventureconnections.info\/wp-content\/uploads\/2022\/09\/R2002F_BURTYNSKY-1200x477-1-1.jpg\" alt=\"\" class=\"wp-image-897\" srcset=\"https:\/\/techranchmexico.com\/ventureconnections\/wp-content\/uploads\/2022\/09\/R2002F_BURTYNSKY-1200x477-1-1.jpg 1200w, https:\/\/techranchmexico.com\/ventureconnections\/wp-content\/uploads\/2022\/09\/R2002F_BURTYNSKY-1200x477-1-1-300x119.jpg 300w, https:\/\/techranchmexico.com\/ventureconnections\/wp-content\/uploads\/2022\/09\/R2002F_BURTYNSKY-1200x477-1-1-1024x407.jpg 1024w, https:\/\/techranchmexico.com\/ventureconnections\/wp-content\/uploads\/2022\/09\/R2002F_BURTYNSKY-1200x477-1-1-768x305.jpg 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/figure>\n<\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Socially responsible supply chain management can help create, protect, and grow long-term environmental, social, and economic value for stakeholders along a company\u2019s value chain. By implementing socially responsible supply chain practices, companies can protect the long-term viability of their business and secure a social license to operate. That said, the ethical supply chain is an evolving practice, rather than a one-and-done event. There is clearly more work to be done, but the key to success is getting in the game for the long haul.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Sources:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www2.deloitte.com\/us\/en\/pages\/about-deloitte\/articles\/socially-responsible-supply-chain-tools.html\">https:\/\/www2.deloitte.com\/us\/en\/pages\/about-deloitte\/articles\/socially-responsible-supply-chain-tools.html<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/hbr.org\/2020\/03\/a-more-sustainable-supply-chain\">https:\/\/hbr.org\/2020\/03\/a-more-sustainable-supply-chain<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><blockquote class=\"wp-embedded-content\" data-secret=\"VdxCT7qLBo\"><a href=\"https:\/\/blogs.opentext.com\/what-is-the-ethical-supply-chain\/\">What is the ethical supply chain?<\/a><\/blockquote><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;What is the ethical supply chain?&#8221; &#8212; OpenText Blogs\" src=\"https:\/\/blogs.opentext.com\/what-is-the-ethical-supply-chain\/embed\/#?secret=zImVjw8F1d#?secret=VdxCT7qLBo\" data-secret=\"VdxCT7qLBo\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><blockquote class=\"wp-embedded-content\" data-secret=\"9mG8Bdq0Dt\"><a href=\"https:\/\/www.allthingssupplychain.com\/does-a-responsible-supply-chain-mean-a-sustainable-one\/\">Does a \u201cResponsible Supply Chain\u201d Mean a Sustainable One?<\/a><\/blockquote><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;Does a \u201cResponsible Supply Chain\u201d Mean a Sustainable One?&#8221; &#8212; All Things Supply Chain\" src=\"https:\/\/www.allthingssupplychain.com\/does-a-responsible-supply-chain-mean-a-sustainable-one\/embed\/#?secret=tf2DVrAqaD#?secret=9mG8Bdq0Dt\" data-secret=\"9mG8Bdq0Dt\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The supply chain is no longer a back-office function that consumers have never heard of. Over the past ten years, it\u2019s taken on a more forward-facing role that\u2019s a competitive&hellip;<\/p>\n","protected":false},"author":3,"featured_media":898,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-895","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>WHAT DOES A RESPONSIBLE SUPPLY CHAIN REALLY MEAN?<\/title>\n<meta name=\"description\" content=\"Supply chain management is key to ensuring a company\u2019s supply chain is taking responsibility for its social impacts. 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