Suppliers reveal simple, low-cost changes buyer companies can make to boost sustainability performance

Supplier insights from latest Better BuyingTM research reveal that some of the most impactful measures companies can take are low cost, and require minimal changes to a brand’s workflow

Simple, low-cost adjustments to purchasing practices can make a big difference to brands’ and retailers’ sustainability performance, according to new research published today by Better BuyingTM.

Investments in alternative technologies reflect a win-win approach to buyer-supplier business partnerships, but are not yet standard industry practice. Just 8.9% of suppliers surveyed by Better BuyingTM reported being supported by their customers to invest in cost-saving alternative technologies.

As part of the last Better BuyingTM ratings cycle, suppliers were asked a number of new questions about how their buyers’ purchasing practices impact the “3 Ps”of sustainability – People, Planet, and Profit. The research focused on 4 key areas: Design and Development; investment in cost-reducing alternative technologies; expectations and incentives for CSR, compliance, and environmental sustainability performance; and the impacts of steep variations in month-to-month order volume. The findings are summarized in a Better BuyingTM Special Report, Purchasing Practices and Sustainability: What improvements are suppliers seeing? published today.

Many suppliers in global supply chains have a strong commitment to operating more sustainably and have valuable insights into how their buyers can improve their purchasing practices in order to save on costs and reduce waste.

Some of the most impactful changes cited by suppliers do not require expensive investments or drastic changes to a buyer’s workflow. Being able to speak directly with the individuals who have intimate knowledge of a design concept, for example, as opposed to other team members, can help resolve any questions or concerns about design details early on in the process, while better alignment between sample requests and actual orders reduces wasted time, materials, and financial resources.

And where buyers offered incentives for improved performance, the potential impact on sustainability was greater, provided the incentives offered were the right ones, and offered direct financial benefits to the supplier.

Dr. Marsha Dickson, President and Co-Founder of Better BuyingTM, comments: “By engaging with Better BuyingTM, brands and retailers can access data-driven insights and suggestions from their suppliers, and begin to work in partnership with them to address shared sustainability goals, reduce their environmental footprint, and to improve accountability to shareholders, investors, and consumers.”

40 replies on “Suppliers reveal simple, low-cost changes buyer companies can make to boost sustainability performance”

617201 480849Hmm is anyone else experiencing difficulties with the images on this weblog loading? Im trying to locate out if its a difficulty on my end or if its the blog. Any responses would be greatly appreciated. 765751

567328 12512Hiya! Great weblog! I happen to be a daily visitor to your site (somewhat a lot more like addict ) of this website. Just wanted to say I appreciate your blogs and am seeking forward for much more! 727329

Blog sites are a fantastic method to share your ideas and also suggestions with the world. They are also a great way to construct your individual brand.A blog is an internet site which contains write-ups or blog posts on a specific subject. Blogs can be used for individual usage, company usage, or both.

660980 671129hello!,I really like your writing really a lot! percentage we maintain up a correspondence extra about your post on AOL? I need an expert on this area to unravel my dilemma. May be that is you! Taking a appear forward to peer you. 700901

Leave a Reply to pgslot99th Cancel reply

Your email address will not be published.