Business Sustainability is Elevating Commercial Skill Sets

Many analysts and professional consultants agree that executives and their companies are in many ways still playing catch-up from the downturn. Among the many opportunities that lie ahead, sustainable supply chain management ranks at the top. To be prepared for the next wave of business challenges, our sustainability consulting sees a need for a new level of Sustainability Risk Management (SRM) - which requires an advanced skill set.

The decreasing threat of a slumping economy may have relieved the burden on some; however, business sustainability risk still looms for those who have yet to take action to rebuild. The immediate challenge facing business executives heavily resides with the company’s strained resources. For this reason, we ask: Does your company have the right people and skills in place and what do you plan to do to address the gap?

A recent Supply Management article addresses this question and offers one company’s sustainable business solution. Spotlighting the team building efforts at Tesco, the post describes how the retail giant is leveraging its supply chain talent to drive business sustainability value.

“Procurement, in any market economy in which we’re operating is rising to the top because companies are starting to focus on cost and of course the quickest way to win back money and reduce cost is to spend less. That is when you really need your good buyers and procurement to come into it…We’re looking for a world-class procurement background, people that understand and are dedicated to procurement as opposed to people who have maybe worked in another function and fallen into it.”

Our professional consulting practice stresses the need to have comprehensive business sustainability strategies in place to address holistic environmental, social and economic impacts. However to implement this new business plan, a company must to have the right resources in place. The above article provides one example of what others are doing to address this need. Visit us at Taiga Company to learn more.