Location and Future Considerations for Raw Material Supply Chains

2min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

This chapter explores how the location of sourcing for raw materials in food production affects supply chains. It examines the differences between common raw materials with short supply chains versus specialty raw materials that require specific growing conditions and future forecasting.

In this episode of the ESG Insider podcast, we sit down with Mars, one of the largest food and confectionary companies in the world, on the sidelines of the GreenBiz conference in Phoenix.

Kevin Rabinovitch, Global Vice President of Sustainability & Chief Climate Officer at Mars, explains how the company is rethinking its supply chains as part of its decarbonization strategy and to address climate change and nature-related risks.

"We have supply chains that weren't designed to ... tackle things like greenhouse gas emissions or, frankly, a lot of other sustainability issues," Kevin says. "At first, we thought of it as getting a better understanding of the supply chains we operate. But over time, what we've increasingly realized is that it's probably going to be as much about designing, redesigning supply chains into ways that are easier to manage and understand."

"If we don't change what we're buying, or where we're buying it, or how we're buying it, or who we're buying it from, we're not going to make a lot of progress on our performance," Kevin adds.

Listen to our episode about how the Rockefeller Foundation partners with stakeholders around the world to finance solutions to issues like climate change and food systems transformation: https://www.spglobal.com/esg/podcasts/breaking-down-silos-seeking-innovative-financing-solutions-to-big-sustainability-challenges

GreenBiz is hosted by GreenBiz Group and S&P Global Sustainable1 is a sponsor.

This piece was published by S&P Global Sustainable1, a part of S&P Global.

DISCLAIMER

By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.