Tue, 10/17: 3:30 PM - 4:00 PM EDT
Westin Boston Seaport
Supply chain disruptions are happening with greater frequency and intensity, but establishing operational supply chains and product stewardship programs are disciplines that thrive in stable environments. With multiple disruptions to contend with in recent years, Industry began seeking new sources and products. The ESG lens typically used to vet suppliers or materials lost focus, opening the door to regrettable substitutions. This session will outline those risks and offer solutions to create a more resilient, sustainable supply chain. Creating resiliency has expanded beyond continuity of low-cost supply and now must incorporate an organization's ESG strategy and product stewardship initiatives. It requires looking beyond cost to an additional set of criteria including product lifespan, responsible sourcing, end of life solutions, environmental impact, and regulatory standards. The choices procurement makes has rippling effects throughout the company and supply chain and it's important to implement processes to evaluate products and suppliers through a sustainability lens. Presenters will outline recent drivers for supply chain disruption and highlight several key factors that can lead to regrettable substitutions.