The S Factor: Why investors should be using Better BuyingTM data to better understand human rights risks in supply chains Investors as part of their active engagement on ESG should be asking non-participating companies to join Better BuyingTM and participating companies to share scorecards with them, says Dr Martin Buttle, Head of Good Work, ShareAction. […]
2021 Purchasing Practices Index: further evidence that responsible purchasing lies at the heart of supply chain resilience READ THE FULL REPORT READ THE SUMMARY REPORT Brands and retailers who have subscribed with Better BuyingTM over two or more supplier ratings cycles have continued to improve their purchasing practices, and are making progress towards building more resilient […]
“Words are one thing, but concrete actions – like partnering with Better BuyingTM – really help demonstrate to our partners that we’re ‘walking the talk.’” We talk to Pat Noonan, Chief Product Officer of Better BuyingTM subscriber SanMar Corporation, on how working with Better BuyingTM is supporting the company to live up to its motto, […]
SanMar Corporation, a leading national supplier of wholesale apparel and accessories, has become the first Better Buying™ subscriber to embrace full transparency and accountability by making its Purchasing Practices Index scores publicly available. WATCH VIDEO The scores are based on anonymous feedback from its suppliers, which are aggregated via Better Buying’s proprietary algorithm, analyzed for […]
Learning to Say No
Lever Style, a leading Hong Kong-based apparel manufacturer, expanded its business during the pandemic, when many other suppliers struggled, or went to the wall. The secret, according to the company’s Chairman, Stanley Szeto, is building resilience into your business by saying “no” to bad apples. You’re worth It If your boyfriend or girlfriend was being […]
Suppliers from 30 countries have responded to Better Buying’s survey about the detrimental COVID-19 payment and business continuity. Workers in their factories, many of whom are women, have been negatively impacted with over half of suppliers reporting they have laid off up to 50% of their workforce. Suppliers also expressed interest in setting minimally acceptable […]
Our President, Dr. Marsha Dickson, highlighted the magnitude of financial vulnerability that suppliers are facing in the wake of the COVID-19 crisis as a result of their brands’ and retailers’ payment and terms practices, and the need to prioritize best practices as industry standards going forward. Click here to watch the webinar.