How Audi, Porsche and Volkswagen use Prewave to monitor their supply chain for sustainability risks.
The German Supply Chain Act (Lieferkettengesetz, or LkSG) will come into effect on January 1st, 2023.
Due to increased pressure from investors and consumers, as well as a very unstable global market, the past few years have seen a broader adoption of ESG transparency policies—including supply chain due diligence.
As the number of third parties in your supply chain grows, supply chain monitoring is quickly becoming a necessity.
Creating and implementing a code of conduct enables companies to prevent some supply chain risks and safeguard their reputation. It can even translate into a competitive advantage when scouting for a proper supplier.
As the complexity of supply chains continues to grow, so should due diligence efforts. But what exactly is supply chain due diligence, and why does it matter?
2021 has taught us that there are ways around global supply chain disruptions—and lessons behind every misstep. This is why we’ve put together the top five lessons learned in 2021, with additional tips you can apply to ensure supply chain success in 2022.
The pandemic was just one of many disruptions affecting supply chains in 2021. In this post, we will explore a few more—as well as the cause and effect of each.
Learn how to embrace risks, ensure broadness in communication and planning, and kiss Excel goodbye—once and for all!
Traditionally viewed as a cost centre, the supply chain has since become essential to business operations, efficiency, and long-term profitability—which means that anything that might disrupt the supply chain is a direct threat to the business as a whole, making supply chain resilience all the more important.