‘ BE PROACTIVE ON CIRCULAR SUPPLY CHAIN ’, CSCOS ARE URGED
Leading sustainability body The Ellen MacArthur Foundation is urging supply chain chiefs to be proactive about embracing circular economy measures .
In its paper , Building a circular supply chain , the Foundation stresses how vital circular economy initiatives are to tackling climate change
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PROCUREMENT ‘ TO DRIVE OPERATIONAL CHANGE ’ – AMAZON BUSINESS
FIRMS ‘ TURNING TO REGIONAL SUPPLIERS ’
Organisations are turning to regional suppliers and manufacturing facilities as disruption continues to dog supply chains , a new report from Accenture finds . The research shows that , by 2026 , 65 % of companies will be buying most key items from regional suppliers , compared to just 38 % today .
NEED FOR RESILIENCE-COST BALANCE ‘ DRIVING NEARSHORING ’
Consumer and retail businesses are turning to a mix of nearshoring and domestic sourcing as they seek to strike a balance between cost and resilience , a new Capgemini report finds .
Business leaders are set to invest more heavily in procurement , as they target strategic sourcing as a key operational and sustainability tool , an Amazon Business report suggests .
The company ’ s 2024 State of Procurement Report says more than half ( 53 %) of procurement chiefs expect their budgets to rise in 2024 as C-suiters look to invest in tools and technologies to deliver optimisation .
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