Sustainable Procurement for CPG Leaders: The Advantage Your Brand Needs
Originally published on EcoVadis newsroom
The Consumer Packaged Goods (CPG) – or Fast-Moving Consumer Goods (FMCG) – industry faces extreme challenges amidst a period of pandemic-related rapid change. As industry leaders experience massive disruption to their top line revenue and supply chain resilience, prioritizing sustainability in go-forward strategies and recovery plans is essential.
Now is the time for every CPG brand to reassess - or start - their sustainable supply chain program. The benefits of strong sustainability performance in the supply chain are business-critical, and go beyond risk mitigation and resilience to include accelerating revenue growth opportunities, reducting costs, improving recruitment and retention, and boosting shareholder value.
To come out on top, forward-looking procurement teams are engraining sustainable practices into their procurement and supply chain operations, embracing a performance driven mindset, and proactively addressing the trends impacting today’s market. This report highlights key takeaways for CPG and FMCG brands including how to adjust to new market trends, how to use sustainability to drive ROI and what to learn from industry-leading examples.
