Businesses operate in complex surroundings, placing reliance upon global value chains for the provision of goods and services. This can include all activities related to the production of goods or provision of a service; from its development, to its disposal, and everything in between.
We are familiar with the need to conduct due diligence upon suppliers so as to identify risks to the provision of their goods or services however, the categories of potential risk and expectations regarding the scope and adequacy of this due diligence are changing.
No more so than in respect of concepts of sustainability within the supply chain. Consumers expectations of responsible business have never been higher; not just in respect of a business’ own activities but also that of its partners within the value chain. Businesses that get it right not only hold a competitive advantage (accessing increased consumer demand, availability of ‘green’ finance, new tender opportunities to name a few) but reduce the risk of supply chain disruption and reputational damage. Supply chain sustainability has emerged and is here to stay.
Our team can help you identify material risks with your business/suppliers, take steps to prevent those risks materialising and, if necessary, work with you to respond to any issues as they arise. You can take piece of mind from the fact that key operational risks have been identified and controlled.
Contact our experts Simon Colvin or Nick Barker who will be happy to help.