Establishing business relationships with environmentally responsible suppliers is socially and ecologically progressive, but are consumers willing to pay extra for it in the end? Believe it or not—yes. A 2013 study from Nielsen showed that half of global consumers are willing to pay more for goods and services from businesses that give back to society or are environmentally cognizant. This creates a strong opportunity for companies that are dedicated to ensuring green supply chain and procurement results. According to the publication, The Procurement Game Plan: Winning Strategies and Techniques for Supply Chain Professionals, “We think improving supply chain performance holds the greatest potential to make a real difference [in the environment].”
So how can you ensure that your suppliers operate a truthfully eco-friendly business during the procurement process? The below infographic serves to offer some simple guidelines to green-up your organization’s suppliers.
At Source One, our team understands the value behind environmental sustainability and are experienced to work with clients to identify the most environmentally-conscious suppliers that meet your organization’s needs. Reduce spend and drive environmental value in your supply chain through Source One’s strategic sourcing sustainability solutions.