![]() What is an ethical supply chain? Companies with an ethical supply chain treat employees fairly, pay a “living wage” and strive to improve and upgrade the social, economic and environmental conditions within the communities where they operate while still controlling or reducing costs, Syracuse University professor of supply chain practice Patrick Penfield says. A review of the U.K.-based fashion company Boohoo found that the company knowingly worked with suppliers who underpaid their employees and had unsafe working conditions. Other companies encounter hurdles trying to manage the decision making of suppliers and manufacturers. But the company also admits that this part of their supply chain has the “greatest risk of contributing to deforestation.” Hershey’s new “No Deforestation Policy” aims to remove that risk from their entire supply chain by 2030. However, it can be difficult for business leaders and consumers to be fully aware of and navigate some of those upstream practices.įor example, raw materials like cocoa, palm oil and soy are key ingredients for many Hershey products. The entire supply chain includes opportunities for both ethical and unethical decision making. consumers say they closely consider a company’s ethical values and authenticity before purchasing, according to Accenture Strategy’s Global Consumer Pulse Research.įailing to meet customers’ ethical expectations results in a strong rebuke-42% of consumers say they’ve “stopped doing business with a company because of its words or actions about a social issue,” according to the Accenture research.Įthical business practices extend far beyond the final exchange with a customer or social media presence. ![]() On-campus Public Administration DegreesĪ brand’s commitment to ethical and social responsibility is an increasingly important selling point for customers.Public Administration Degrees expand_more.Information Sciences Degrees expand_more.Menu Apply Now External link: open_in_new
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |