Your business is as strong as your suppliers.
Yet, your team faces the incredible challenge of having to manage a high volume of suppliers in multiple categories, all within volatile market forces including pandemic recovery, climate change, and deglobalization.
These market forces are contributing to a greater demand for transparency and accountability. Concurrently, your team may be struggling with outdated supplier data-tracking methods, such as email and spreadsheets, which can result in higher costs, increased brand risk, and ultimately lower revenue when your business fails to meet the increasingly high standards set by customers and investors alike.
Is a new era of working with suppliers, collecting data, and successfully meeting sustainability and growth goals, possible?
Within this article, we explore:
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Securing trust from investors and consumers in a post-pandemic world
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Reach sustainability and social responsibility goals through supplier collaboration
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Short-term solution: How to collect data from suppliers in 12 weeks
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Long-term solution: Engage and motivate suppliers to reach your goals
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Using supplier collaboration to secure impact, growth, and loyalty