Today’s procurement professionals are under increasing pressure to produce quantifiable sustainability impact in addition to savings. Procurement tactics are changing throughout industries due to factors like climate change, tighter laws, and changing investor expectations. Implementing sus...
Agriculture is the primary source of income for many farmers in Asia. According to a report from the Asian Development Bank (ADB), 75% of them are reliant on this industry. However, the same report warns that climate change could decrease crop yield by 15% to 20%—and in some cases even by as mu...
With procurement leaders today currently facing increasing pressure to manage climate risks while complying with new sustainability requirements and standards, adopting circular principles could be the answer. Circular procurement not only focuses on reducing waste and reusing materials, but it a...
India is considered one of the countries most affected by the impacts of climate change. According to a report, while the country dropped in rank—from seventh in 2019 to 49th in 2022—India still ranked sixth among countries in the climate risk index (CRI) over the past 30 years. Therefore,...
With many companies and organizations being pressured to meet the growing sustainability demands of policies and consumers, businesses and their procurement teams are evolving in how they source services and goods. Supplier diversity, promoting social responsibility, is one strategy gaining momen...