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Transparency is Key to an Efficient Supply Chain
[journal article]
Abstract There was a time when customers cared little as to how a company or business sourced its products and resources. They didn’t think much about a brand’s economic and social impact. They cared even less about sustainability and environmental influence. Those days are long gone.
According to a 2015 ... view more
There was a time when customers cared little as to how a company or business sourced its products and resources. They didn’t think much about a brand’s economic and social impact. They cared even less about sustainability and environmental influence. Those days are long gone.
According to a 2015 survey by Cone Communications, 81 percent of global consumers now consider a company’s corporate social responsibility when making a buying decision. That, of course, includes their supply chain and the impact it has on its surroundings.
If you’re sourcing materials or resources in a way that has a negative impact, your customers will find out, and that will have a direct result on your performance. This is just one prominent reason for switching to a more transparent, more efficient supply chain.... view less
Classification
Business Administration
Free Keywords
Supply Chain Management; Blockchain
Document language
English
Publication Year
2018
Page/Pages
3 p.
Journal
IndraStra Global, 4 (2018) 6
Issue topic
Supply Chain Management
ISSN
2381-3652
Status
Published Version; peer reviewed
Licence
Creative Commons - Attribution-Noncommercial-No Derivative Works 4.0