SPONSORED CONTENT – Improving your supply chain’s environmental and social impact starts with a solution that sounds simple enough: understanding where your products are coming from. The modern supply chain, however, can prove challenging to stay on top of. Knowing which facilities, processes or materials in your value chain are contributing most to your footprint means taking a rigorous approach to collecting data at every level, and using the right technology to analyze that information and take action.
Making meaningful shifts is about identifying the areas where you and your suppliers stand to benefit the most from focused intervention. You’ll also need to have clarity on the concrete solutions you can implement to mitigate risks or impact. And though every supply chain is different, there are some common best practices to keep in mind for any business looking to audit their operations and find room to improve.
- Establish clear goals: Make sure you’re on the same page with suppliers by implementing specific standards and benchmarks.
- Gather data frequently: The more often you’re able to collect data — and the easier it is for suppliers to track and submit it — the more you’ll be able to track your progress in real time.
- Involve your suppliers at different tiers: Per Harvard Business Review, the corporations that tend to succeed in achieving sustainability goals actively engage not only their Tier 1 suppliers, but also their suppliers downstream, in meeting those goals.
- Actively communicate and onboard: Building a relationship with each supplier — through the lens of their particular needs — helps make sure reporting is accurate, consistent, and as painless as possible.
Worldly offers tools to make correspondence and data collection simple and intuitive. Our suite of tools also offers proprietary standards and self-assessments designed to help each of your suppliers measure their progress toward shared goals. For instance, Worldly comes with live customer support and training in 5 different languages to help integrate new partners.
At Worldly, our mission is to help businesses find the tools and strategies to succeed while lowering their impact. Profits don’t have to come at the expense of people or our planet. The right analysis can provide you with a real view into your true impact – so that you can make meaningful improvements quickly, track your progress, and begin to transition to a more sustainable model of production.