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Three Developments in ESG That Will Impact Supply Chains 2023

By July 6, 2023No Comments

Environmental, social and governance (ESG) compliance isn’t only a moral obligation for manufacturers. It impacts revenue and the long-term success of supply chains.

The effects of ESG are felt everywhere, from customer satisfaction to accessibility and reputation management. But while supply chain executives are working to meet growing ESG demands, many lack the appropriate technology to achieve that goal. And they’re unable to demonstrate a clear return on investment for their efforts.

Among the obstacles that supply chain leaders face in building environmentally sustainable supply chains is the cost of tracking new sustainability metrics, non-compliance, reputation management, and carrier and vendor inefficiencies.

According to Forrester, 2023 promises to be a “Green Market Revolution” for supply chains. It predicts that the following changes will have the biggest impact: