Monday, November 10, 2014

Companies Prioritize Supply Chain Sustainability Due to Market Demand, Study Finds

According to a DNV GL survey of 2,160 professionals from businesses in different sectors in Europe, the Americas and Asia, supply chain sustainability is ranking higher on the corporate agenda as a result of greater consumer demand.

"Sustainable sourcing is a fast developing requirement, driven by customers," says DNV's Luca Crisciotti. "Companies that don't act will have a hard time competing."

Research findings show that 96% of companies consider sustainability aspects when choosing suppliers and making purchasing choices. They ranked the most important aspects as:

  • Low environmental impact (56%)
  • Worker safety and health (51%)
  • Economic aspects (43%)
  • Ethics (29%)

According to the study, 80% of companies experienced pressure from customers to demonstrate supply chain sustainability. Read more about the study and key corporate initiatives here.