SupplyChain Magazine March 2018 | Page 62

TOP 10

05

Managing risk

06

Embrace ethics and sustainability

A robust supply chain will have ethics embedded in throughout , understanding the impact of decisions and offering transparency ; an important aspect to modern day global trade . Reputations are built and sustained on good ethics . The Modern Slavery Act of 2015 is an important development in the protection of human rights , health and life itself . Strong ethics and the desire to go beyond the basics enhances reputation and ultimately protects corporate business . CIPS has an ethics test which takes a few hours to complete , but offers a detailed look and training around all aspects of ethics in the supply chain . As John Ruskin said : “ There is hardly anything in the world that some man cannot make a little worse and sell a little cheaper , and the people who consider price only are this man ’ s lawful prey .”
The system of interconnected supply chains is becoming more complex and diverse and professionals are expected to be the experts driving the resilience in supply chains . Developing , crafting and managing markets and the security of a company ’ s supply chain is to mitigate against any failures to deliver goods and services , so there ’ s a big responsibility .
62 March 2018