When it comes to sustainability, is procurement ready to negotiate?

Posted on February 5, 2024

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We’re investing in sustainable innovation and partnerships to help meet our #WorldWithoutWaste goals. Through the 100+ Accelerator program, a collaboration with AB InBev, Unilever, and Colgate-Palmolive, we’re working with startups around the world to identify solutions that we can pilot and scale to support a circular economy, water, and climate. – Coca-Cola Company LinkedIn post (October 2023)

As hashtag#UNGA78 wraps this week, we recognize that collaboration is more important than ever to help solve complex hashtag#sustainability challenges. Learn more: cokeurl.com/p81wi7

Regarding the above post by The Coca-Cola Company, here are articles by Professor Dr. Roman Trötschel and Dr. Johann Majer titled “Negotiating Sustainability: The Role of Joint, Interactive Decision-Making Processes towards Sustainable Solutions.” – https://bit.ly/3SLucAF

Traditionally, negotiation in the procurement world has not been a collaborative effort beyond acute crises such as the I35-W case study initiative – https://bit.ly/3QYs7R4

As World Commerce & Contracting‘s Tim Cummins once suggested – negotiations are traditional sleight-of-hand, zero-sum adversarial exercises.

Given the above, how do we transition to a Kate Vitasek “Getting To We” or an Andy Akrouche MBA, RCCM-I, CSM “Relationships First” mindset?

I am also tagging the emerging AI negotiation thought leaders Clive R Heal, Bill Michels, Linda Michels, and Iain Campbell McKenna for their views on how to overcome traditional negotiation barriers to build partnerships with suppliers to achieve our #WorldWithoutWaste goals.

How can procurement negotiate beyond the lowest cost to achieve sustainability objectives?

Join the conversation and share your thoughts?

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Posted in: Commentary, ESG