Supply chain challenges and what some companies are doing about it
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Brief presentation on some of the supply chain challenges facing companies and what some are doing. Entry level stuff
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Supply chain challenges and what some companies are doing about it
- 1. How irresponsible business affects the world, and what some companies are doing about it Tobias Webb, Founder & MD, Innovation Forum November 6th 2014, Riga www.innovation-forum.co.uk Tobiaswebb.blogspot.com tobias.Webb@innovation-forum.co.uk
- 2. A key point to remember • Not many companies mean to have negative influences • Generally it happens by accident • Companies don’t think about impact and consequences of actions • Bad systems, short term thinking and poor institutions mean incentives are often wrong
- 3. Example one: Deforestation is linked with the spread of Ebola
- 4. Example two: Bangladesh & working conditions
- 5. Example three: Business contributions to corruption
- 6. Example four: Business contributions to climate change
- 7. So how are some companies trying to respond to this? • Policy development via stakeholder engagement • Policy implementation and target setting • Supplier and business partner engagement • Investor and campaign group conversations • Seeking benchmarks with peers • Tuning ‘risk radar’ to upcoming issues • Embedding new practices into the business
- 8. Asia Pulp & Paper, Wilmar, Cargill & zero deforestation
- 9. The Bangladesh Accord of brands, focusing on structural integrity
- 10. Business alliances against corruption
- 11. Companies leading the way to tackle climate change
- 12. Why do companies take these actions? • Reputation risk management • Supply security • Customer retention • Moral imperatives • Employee recruitment, retention and motivation • Investor and campaign group pressure • License to Operate (political and social)
- 14. So, what does the future look like? • Global environment under pressure (50% of species lost in last 50 years) • Rising population & consumer demands (9 billion by 2050) • Political & economic volatility • Increased transparency and perhaps regulation • Pressure to tackle risks – and seize innovation opportunities • Final point: Innovation in design, process, management and engagement will be KEY to better management and business success in the long term!
- 15. Thanks, and contact details: Tobias Webb Founder and Managing Director Innovation Forum 1 Rivington Place, London EC2A 3BA +44 (0) 203 780 7432 / +44 (0) 7867 416 646 tobias.webb@innovation-forum.co.uk www.innovation-forum.co.uk Check out the Smarter Business blog at: http://tobiaswebb.blogspot.co.uk