Exclusive Video: Procurement Strategy Fireside Chat
As the world’s fastest-growing procurement and supply chain event, Procurement & Supply Chain LIVE 2023 was a disruptive learning and networking event that showcased some of the industry’s top speakers across innovation, thought leadership and strategy.
Procurement Strategy Fireside Chat
Speaking at Procurement & Supply Chain LIVE 2023, Samantha Davis, Group Procurement & Supply Chain Director, CH&Co discusses procurement strategies in particular - sustainability.
In the context of procurement, Davis emphasises the pivotal role of sustainability in the ESG agenda and the reduction of carbon footprint.
Sustainability at CH&Co
Outlining the four key pillars of CH&Co’s 2020 strategy (Net-Zero by 2024, fostering a culture of CSR, addressing food waste, and creating a green supply chain.
When it comes to prioritising sustainability, Davis highlights the challenges that it comes with. In particular, balancing cost with sustainability, especially in the current landscape of inflation.
"Inflation is that it's an awful word. I've looked back in the last three years and I say that probably been the most challenging in my procurement career,” says Davis.
Davis highlights strategies such as downsising portions and collaborating with social enterprise businesses, to maintain a balance between being cost-effective and sustainable.
The role of technology
Another key consideration is the importance of partnerships, she highlights authentic systems for transparency in the supply chain as beneficial solutions. She also mentions the benefits of AI and robotics noting technology as a key driver of efficiency and collaboration, and the significance of relevant data especially when it comes to the origins of products and supplier diversity.
"I think for me, it's about having the relevant data. The sort of data we want to get out from our suppliers and the products we buy is where do they come from,” she says.
To watch any of our other speakers from Procurement & Supply Chain LIVE 2023, click here.
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Other magazines that may be of interest: Supply Chain Digital, Manufacturing Digital
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