The Global Sourcing Council pursues profit with purpose through sustainable and responsible sourcing.
From the GSC’s CEO, Wanda Lopuch:
In these tumultuous times, the supply chain will become a main stage for various actors and forces to play out their agendas on global and local scenes:
- Business with its emphasis on efficiency and effectiveness will further embrace automation and AI, and will report to investors who demand disclosures, specifically disclosures that have material impact on risk, such as disclosures on supply chains; risk of climate change, social diversity, limited resources, to name a few.
- Social forces will continue to press for opportunities and social justice, and will be looking at supply chains as private sector vehicles to implement social values through the Sustainable Development Goals framework (SDGs).
- Environmental voices have been and will continue to be calling on business for respecting finite natural resources and managing limited assets through and across businesses and political boundaries; the action will be spread over both national and global stages.
- Political actors will use rhetoric to either support across-borders agenda such as the Paris Agreement, or an agenda of protectionism/ nationalistic goals, exemplified by trade wars. Supply chains are in the middle of these debates. Heated, sometimes rational and frequently emotional discussions will have dramatic impacts on the operations of supply chains.
Welcome to the stage of Supply Chains of 2019! The storyline is anything but predictable or boring!
Today, business, supported by technology and, increasingly, artificial intelligence (AI)I, changes at the speed of light. Yet business operates in social and environmental ecosystems that are governed by their own rules. Supply chains must operate to accommodate this melting pot of technology speed and the pace of social and environmental changes, frequently underlined by conflicting demands.
Today we are also 3 years into the journey to achieve the 2030 Agenda for Sustainable Development, framed by the 17 Sustainable Development Goals (SDGs). The 2030 Agenda, signed by 195 countries, sets up a tall challenge for business, locally in signatory countries and for global business, crossing political and geographic boundaries. Again, supply chains are becoming the main stage for enterprises implementing their strategies. Supply chains will also provide the main checkpoints on how these strategies square with C-level vision and commitments made by an enterprise to investors and consumers. 2019 will be the year of measurement acronyms such a ESG, SDGs, GRI.
Stay tuned – The entire GSC global community will actively participate in this transformation. We invite you to come on this ride and encourage you to identify an active role for yourself in the journey, claiming a seat at the table in your area, department or region! Jump into the driver’s seat to be a part of transforming supply chains into responsible supply chains. Share your experiences for others to learn from and be inspired by along the way.
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Save the Date- Monday, March 18, 2019, 18th Annual Wall Street Green Summit
Princeton University Club, New York
The 18th Annual Wall Street Green Summit is the longest running and most comprehensive sustainable finance event in the industry. It wil be held on Monday March 25, 2019 in New York. Launched in 2002 by Peter Fusaro, the Wall Street Green Summit covers cutting edge content, industry developments and features the practitioners and the leaders of tomorrow. More importantly, it is aimed at building the sustainable finance system for responsible investing and the changing role of business in sustainability. The emergence of the “Impact Economy” is where main street investors team up with corporations, entrepreneurs and government to solve environmental and social problems while generating financial returns.