EUDR and how COSIRI-24 can help

The impact of the EU Deforestation Regulation (EUDR) Understanding the implications of the EU Deforestation Regulation (EUDR) is crucial for companies to ensure compliance and mitigate risks. Effective December 30, 2024, the EUDR will require businesses to submit comprehensive Due Diligence Statements. This new regulation is set to impact numerous industries by mandating proof that products entering or exiting the EU are free from recent deforestation and forest degradation. The Consumer Sustainability Industry Readiness Index (COSIRI) offers a robust framework to help businesses navigate these new regulatory requirements. Seven critical dimensions within the COSIRI-24 framework including Compliance Risk, Supplier Assessment, Sustainable Procurement Process, Supply Chain Planning, Product Design, Technology Adoption, […]

サプライチェーンにおける社会的持続可能性を推進するトップ 5 のテクノロジー ソリューション

Enhancing social sustainability in supply chains is a complex challenge for manufacturers. Throughout every tier of an ethical supply chain, they must commit to upholding social welfare considerations, ensuring sustainable labour practices, community engagement, and human rights preservation. While challenging, this approach is critical to upholding ethical standards, improving operational efficiency, minimising risks, and enticing top talent, consumers, and investors. By prioritising social responsibility in the supply chain, manufacturers must undertake thorough vendor screening and unwavering commitment from manufacturers, making the journey towards environmental, social, and governance (ESG) excellence a challenging yet crucial endeavour in today’s business landscape. In a recent article, McKinsey and Company shed light on “The case […]

倫理的問題を回避するためにサプライヤー評価が重要な理由

Supply chain dynamics have never been more intricate, impactful, and complex. Within this complexity lies a critical concern: ensuring ethical standards are upheld throughout the supply chain. This is where the utilisation of a supplier assessment emerges as a vital tool for businesses to safeguard not only their ethical integrity but also their bottom line. But what is the purpose of supply chain assessment? By evaluating and scrutinising the practices of suppliers, companies can mitigate the risk of encountering ethical issues such as labour exploitation, environmental degradation, or human rights violations. As awareness and expectations regarding corporate responsibility continue to evolve, there is a growing demand for transparency and accountability […]

FMCG 業界のサプライチェーン規制の複雑さへの対応

The manufacturing sector is undergoing a dynamic technological shift with the introduction of advanced smart manufacturing tools and solutions. More manufacturers are starting to take proactive steps to digital transformation, with robotics and automation, data analytics, and Internet of Things (IoT) platforms among the top priorities according to a 2023 Deloitte report. Alongside these radical transformations affecting the manufacturing industry worldwide, supply chain regulations are also shaping the operational landscape for fast moving consumer goods (FMCG). The global supply chain regulations enterprises are facing range from trade compliance and product safety standards to environmental and labour regulations. These regulations are not static; they constantly evolve in response to geopolitical shifts, […]

持続可能な繊維サプライチェーン管理：より環境に優しい結果をもたらす戦略

In an interconnected world linked and driven by world trade, maintaining efficient and sustainable supply chains can make a significant difference in operational effectiveness and achieving greener outcomes. The focus on supply chains is not misplaced – it’s been found that around 50% to 70% of operating costs and over 90% of an organisation’s greenhouse gas (GHG) emissions can be attributed to supply chains.  Having the right supply chain management strategy is therefore essential for a company’s environmental, social, and governance (ESG) goals. A sound supply chain management plan involves integrating environmentally and socially responsible practices into the procurement, production, and distribution processes to minimise the environmental impact of the […]

How AI and hyperautomation drive sustainable manufacturing

Automation has changed businesses forever. By streamlining processes and creating new operational efficiencies, manufacturers have embraced automation as a core part of their operations, like most sectors. Although it is undeniable that automation has sparked unprecedented change, hyperautomation takes transformation to an entirely new level. The dramatic rise of artificial intelligence (AI) and machine learning in recent years has led to a growth in manufacturing hyperautomation, with the hyperautomation market forecast to reach US$82.2 billion by 2028. Research by Salesforce also found that four out of five companies plan to include hyperautomation in their technology roadmaps by 2024. While advanced automation tools effectively deliver process efficiencies, the question is, do […]

4 steps manufacturers should take to digitalise supply chains and build resilience

Supply chain disruptions can have serious consequences for manufacturers, as many may have already experienced from the pandemic. From lost customers and dwindling revenues to even potential legal issues, the effects of supply chain disruptions can be long-lasting and damaging. Manufacturers that have earned the dubious honour of having a bad track record of supply chain disruptions may also be shunned due to reputational damage. As border restrictions have become a thing of the past and most factories have reopened and are able to operate at full capacity, manufacturers no longer have the excuse of the pandemic for supply chain disruptions. In fact, with geopolitical risks at an all-time high, […]

製造サプライチェーンのレジリエンスの向上

The pandemic and recent geopolitical events, coupled with macroeconomic headwinds, have led to disrupted supply chains in some sectors. In light of ongoing turbulence in the global business landscape, how can the manufacturing sector establish resilient supply chains to better cope with unexpected changes in the future?

世界の製造業がスコープ1、2、3、4の排出量への取り組みをどのように進めてきたか

The manufacturing sector is a major emitter of greenhouse gases, which is why manufacturers need to do their part to tackle the climate crisis. How has global manufacturing reduced their carbon footprint to date – and how can this be accelerated?