With companies’ continued reliance on global supply chains, managing environmental, social, and governance (ESG) risks is becoming increasingly important. ESG risks refer to potential negative impacts on a company’s environment, society, governance and operations. These risks can arise at any point in the supply chain and can have serious consequences for businesses if not properly addressed. One example of an ESG risk in the supply chain is climate change and emissions. If a company’s supplier is not taking steps to reduce their carbon footprint, it could lead to higher emissions and contribute to climate change. This could result in regulatory consequences and damage the company’s reputation and potentially lead to financial losses.

In recent years, the importance of sustainability and social responsibility in the supply chain has become increasingly apparent. Customers, employees, shareholders and governments have started to pressure supply chain firms to ensure greater environmental stewardship and increase social responsibility. Thus, supply chain sustainability has become a crucial talking point for many people in different circles. Therefore, ensuring that this process is sustainable and socially responsible is essential for businesses' long-term success and viability.

As the world becomes increasingly interconnected and globalized, the challenges facing supply chain professionals continue to grow and evolve. From port congestion and rising freight costs to labour and material shortages and the need to restructure supply chains, supply chain professionals must constantly adapt and find creative solutions to stay ahead of the game. In this article, we will explore some of the top challenges facing supply chain professionals in 2022 and provide strategies for overcoming them.

In today’s fast-paced and competitive business environment, having an efficient and effective supply chain is essential for success. By digitizing your supply chain, you can improve performance, reduce costs, and gain a competitive advantage. One of the key benefits of digitizing your supply chain is improved visibility and transparency. With digital tools and technologies, you can track and monitor the entire supply chain process, from production to delivery. This allows you to identify bottlenecks, optimize processes, and make more informed decisions. Here are some benefits you will get when you digitize your supply chain’s quality inspection.