How can businesses and suppliers strengthen their relationship to ensure mutual business success and advance sustainability strategies?

As supply chains face mounting disruptions from natural disasters, climate change, conflict, and social inequalities, businesses throughout the entire value chain need to build stronger relationships and effectively collaborate to tackle such challenges.

Existing and incoming sustainability legislation is putting companies under increasing pressure to ensure awareness and compliance throughout their supply chains. Failure to get suppliers on board, can lead to scrutiny from customers, employees, and investors, damaging brand reputation.

Equally, this increase in stakeholder burden is felt by suppliers who are being inundated with inconsistent reporting requirements, and requests to level up in alignment with corporate sustainability demands. Despite strained resources and supplier fatigue, those who do not meet demands risk being left behind.

By providing an opportunity to voice challenges and identify solutions, this panel will emphasise the need for collaborative relationships between businesses and suppliers to ensure mutual business success.