Remove 2030 Remove Sourcing Remove Supply Chain Visibility
article thumbnail

The Future of Procurement: Bullish vs. Bearish Case

Procurement Software

Or, maybe youre suffering from Cinderella complex: not bold enough to demand an upgrade to the outdated, clunky, legacy Source-to-Pay suite interfaces that suppliers and stakeholders havent really adopted. Do not be surprised to see even best-in-class procurement teams look substantially different in 2030.

article thumbnail

Selling Into the EU? Time to Start Preparing for the Digital Product Passport

Supply Chain Brain

The regulation is designed to provide European consumers with extensive data about the provenance of the items they purchase, all the way back to the sourcing of raw materials. Additional product categories, including detergent, paint, lubricants and chemicals, will likely come under the rule in 2030 or later.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Supply chains in the spotlight

Procurement Leaders

MPs invited representatives from several major companies to answer questions on their organisations working practices, supply chains and the steps they take to enforce standards. But, by the end of the session, the biggest talking point was Sheins repeated refusal to say whether it sources cotton from China.

article thumbnail

How Tariffs Are Reshaping Global Supply Chains in 2025

Supply Chain Brain

Tariffs also destabilize supply chain operations. When duties render traditional sourcing unprofitable, companies must reconfigure supplier networks, often under tight timelines. Walmart reportedly reduced Chinese imports by 10% in 2024 , in favor of sourcing more from Vietnam and Thailand. Beyond the U.S.,

article thumbnail

Singapore Airlines Flags Climate-Related Costs as Emissions Rise

Supply Chain Brain

The group anticipates that the category, which includes the use of credits under the Carbon Offsetting and Reduction Scheme for International Aviation, could have a “high risk” impact of more than S$200 million ($156 million) by 2030, according to a sustainability report published June 25. aircraft at Changi Airport in Singapore.

article thumbnail

Three Ways Procurement Can Drive Sustainability Through the Supply Chain

SupplyShift

By 2030, projections suggest that the market for sustainable products will be worth a staggering $12 trillion a year. According to Deloitte’s 2020 Chief Procurement Officer Survey , only 50% of organizations had high visibility into their tier one suppliers, and a staggering 90% reported low or very low visibility beyond tier one.

article thumbnail

How to Set Corporate Goals for Supply Chain ESG

SupplyShift

Source: sasb.org SASB’s at-a-glance view of priority ESG issues is comprised of five sustainability dimensions: Environment, Leadership and Governance, Business Model and Innovation, Social Capital, and Human Capital. Measure KPIs by a point in time —we will increase the number of ESG-compliant suppliers by 40% by 2030. Ask for help.