Supply chain challenges and what some companies are doing about it
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November 6 th 2014, Riga www.innovation-forum.co.uk Tobiaswebb.blogspot.com [email protected] How irresponsible business affects the world, and what some companies are doing about it Tobias Webb, Founder & MD, Innovation Forum
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Brief presentation on some of the supply chain challenges facing companies and what some are doing. Entry level stuff
Transcript of Supply chain challenges and what some companies are doing about it
November 6th 2014, Riga www.innovation-forum.co.uk Tobiaswebb.blogspot.com
How irresponsible business affects the world, and what some companies are doing about it
Tobias Webb, Founder & MD, Innovation Forum
• Not many companies mean to have negative influences
• Generally it happens by accident
• Companies don’t think about impact and consequences of actions
• Bad systems, short term thinking and poor institutions mean incentives are often wrong
A key point to remember
Example one: Deforestation is linked with the spread of Ebola
Example two: Bangladesh & working conditions
Example three: Business contributions to corruption
Example four: Business contributions to climate change
So how are some companies trying to respond to this?
• Policy development via stakeholder engagement
• Policy implementation and target setting
• Supplier and business partner engagement
• Investor and campaign group conversations
• Seeking benchmarks with peers
• Tuning ‘risk radar’ to upcoming issues
• Embedding new practices into the business
Asia Pulp & Paper, Wilmar, Cargill & zero deforestation
The Bangladesh Accord of brands, focusing on structural integrity
Business alliances against corruption
Companies leading the way to tackle climate change
Why do companies take these actions?
• Reputation risk management
• Supply security
• Customer retention
• Moral imperatives
• Employee recruitment, retention and motivation
• Investor and campaign group pressure
• License to Operate (political and social)
So, what does the future look like?
• Global environment under pressure (50% of species lost in last 50 years)
• Rising population & consumer demands (9 billion by 2050)
• Political & economic volatility
• Increased transparency and perhaps regulation
• Pressure to tackle risks – and seize innovation opportunities
• Final point: Innovation in design, process, management and engagement will be KEY to better management and business success in the long term!
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Check out the Smarter Business blog at: http://tobiaswebb.blogspot.co.uk
Thanks, and contact details:Tobias Webb
Founder and Managing DirectorInnovation Forum
