A new whitepaper, presented in association with Alcumus, highlights the importance of robust auditing mechanisms for ethical and safety compliance.
If 2013 was the year that the risks in modern supply chains were laid bare by the horsemeat scandal and the collapse of the Rana Plaza factory in Bangladesh, 2014 is the year of accountability. Retailers involved in those two devastating blows to the reputations of their supply chains have stepped up their operations to ensure similar situations do not happen again.
Moreover, the incidents occurred against the backdrop of a British retail sector that was already in the process of re-examining and rebuilding its supply chains for a multichannel age. One in which pinpoint accuracy in the forecasting, sourcing and delivery of supply to customers is vital.
Retail chiefs are now painfully aware that any slip up could be exposed rapidly on social media, thus increasing the viral nature of reputational damage.
The impact of this microscopic focus on getting product from source to customer has been an overhaul of supplier relations across retail. Suppliers and retailers are on a journey to reach unprecedented business plans, long-term contracts and robust auditing mechanisms commonplace.
This whitepaper, in association with Alcumus, highlights how businesses can work in collaboration with suppliers to achieve true transparency over quality, safety, health and environmental (QSHE) compliance obligations and to build an agile, transparent and diversified supply chain that delivers now and in the future.
Download the whitepaper
The Managing Supply Chain Risk whitepaper is free to Retail Week subscribers. It is available to download here.