Procurement & Supply Chain LIVE New York Virtual went out to a global audience, who enjoyed top-line speakers from firms including EY, PepsiCo, AWS, Mastercard & SnowFlake.
One speaker was none other than Supply Chain Queen herself, Sheri Hinish, Principal, Global Sustainability Innovation & Ecosystem Leader at EY.
Hinish explored the importance of creating sustainable supply chains, and the social, environmental and economic benefits this brings.
She offered insight into how companies can collaborate with suppliers, stakeholders and the broader community to ensure responsible, ethical and sustainable supply chains.
Hinish said the costs associated with driving sustainability in products and services is becoming “normalised” because of ever-present regulatory pressures.
“Plus you also have pressure from investors, and ultimately making sustainability information more transparent is going to lower your cost of capital,” she added.
Capital 'huge' for healthy supplier relationships
Hinish also pointed out that, when it comes to supplier relationships, access to capital is “huge”, and said she felt it was unfair for larger businesses to put sustainability pressure on smaller and diverse suppliers.
“That is sort of throwing the responsibility for Scope 3 emissions over the fence,” she said.
You can watch any of our other speakers from Procurement & Supply Chain NY LIVE, on demand.
To find out more about the upcoming Procurement & Supply Chain LIVE London event (26-27 September 2023), click here.