SGS Webinar Helps Supply Chain Professionals Drive Value to Secure Future Growth
With coronavirus causing severe economic disruption across the globe, SGS, the world's leading inspection, verification, testing and certification organisation, has announced details of a free to attend webinar, providing advice on how to ensure procurement and supply chain continuity leading to sustained growth. ‘Create Supply Chain Driven Value to Effectively Manage Risk’ takes place between 10.00am and 11.00am on 18 June.
Executive commitment to sustainable and ethical procurement is at an all-time high. However, the 2019 Sustainable Procurement Barometer, published by EcoVadis and NYU Stern Center for Sustainable Business, highlighted that tracking supplier performance and depth of supply chain visibility are common challenges that limit company success and business value, and can have a negative impact on organisational return on investment. The study found that although 66 per cent of organisations cite regulatory compliance as a critically important aspect of their sustainable procurement strategies, many are neglecting other innovative approaches that can drive competitive advantage.
As businesses rebound from the coronavirus pandemic, SGS’ managing director, James McGurk, commented: “To help ensure that companies adopt the strongest possible position during this tumultuous time, SGS experts will provide insight, advice and best practice tips to help ensure sustainable procurement. This webinar is therefore aimed at chief financial officers, procurement managers, category managers, buyers and anyone else who has responsibility for defining a procurement strategy and liaising with suppliers. We will be providing advice on a risk based approach to managing a supply chain, in order to avoid costly delays and reputational damage.”
The webinar will start with an outline of the key challenges companies now face as a result of disrupted global supply chains and highlight some of the key findings from a recent study from The World Economic Forum, which asked C-level executives how they are responding to the coronavirus crisis. It will also examine how procurement can lead the way to rebalancing the supply chain, and the benefits of adopting a risk based approach using tools - such as the SGS Transparency-One platform.
Brand reputation is one of an organisation’s most valuable assets and while it can take many years to build, it can be demolished very quickly. The webinar will cover the subject of supply chain resilience and risk management and how to create competitive advantage through continual quality improvement, cost reduction, customer satisfaction and innovative corporate social responsibility initiatives.
James McGurk concluded: “The coronavirus pandemic is proving to be a real test of any organisation’s resilience and ability to adapt to unforeseen circumstances. It is also highlighting previously unseen business continuity issues and the need for a robust, sustainable and reliable supply chain. SGS is able to draw on its vast source of business and industry insights to anticipate change and deliver innovative, value adding services which we look forward to sharing with as many supply chain professionals as possible on 18 June.”
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SGS is the world's leading inspection, verification, testing and certification company. SGS is recognized as the global benchmark for quality and integrity. With more than 94,000 employees, SGS operates a network of over 2,600 offices and laboratories around the world.