The good news is that research from APICS, Supply Chain Management Review, and Loyola University Chicago found that more companies are prioritizing ethical supply chains.
In fact, 83% of supply chain professionals said that ethics are extremely (53%) or very important (30%) to their organizations.
In addition, the Association for Supply Chain Management (ASCM) released new standards in June 2019 designed to “help customers assess the ethical, ecological and economic aspects of their supply chain.” Those who meet the standards are eligible to apply for the ASCM Enterprise Certification, a designation that demonstrates supply chain excellence and transparency.
“More than ever, consumers want to know that the products they buy are not only economically sound but also manufactured through practices that are ethically and environmentally conscious,” says ASCM CEO Abe Eshkenazi about the new standards. “Building these ‘triple E’ supply chains provide innovative companies with another platform to achieve competitive advantage, grow their market share and make the world better through supply chain – at the same time.”