November 30, 2018
Manufacturers need to work with supply chain partners that are ethical, reliable, and stable. Choosing the right partners requires significant due diligence. In an age where consumers vote with their feet and increasingly prefer to purchase from companies that demonstrate concern for environmental and ethical practices, manufacturers can’t afford to find out that their supply chain partners don’t measure up to their high standards. More than half of consumers have declared themselves willing to pay a premium for products from companies promoting social responsibility. A company that promotes this virtue and is then found out to purchase materials from supply chain partners that employ slave labour or child labour, for example, could experience significant reputational damage. By contrast, a company that can prove beyond doubt that each member of its supply chain is ethical and trustworthy, can use this fact…

















