As retailers manage widespread sourcing and supply chain disruption, they must also account for and respond to environmental, social and governance (ESG) pressure from consumers, investors and regulators. Maintaining awareness into the many layers of ESG metrics is complicated by the dynamics of material shortages, logistics challenges and supplier instability.
A next-gen sourcing strategy powered by the control tower capabilities of a multi-enterprise platform (MEP) can enable retailers to master the surety of supply, wield greater control over time to market, execute ESG plans and better manage margins and costs.
In this white paper, you’ll learn six key benefits that a modern approach to next-gen sourcing can deliver, including:
- Holistic costing strategies;
- ESG and data transparency;
- Agile purchasing; and
- Supplier diversification.