Sustainable Supply Chain East Meets West: The Impact of ESG on Asian Manufacturing
In this episode of the Sustainable Supply Chain Podcast, I sit down with JP Stevenson, Director of ESG Analytics at Global Assurance company LRQA, to delve into the intricate world of global supply chain management. We explore the evolving landscape of ESG compliance, the vital role of digitalisation in achieving transparency, and the imperative for systemic reforms.
JP sheds light on the challenges factories, particularly in Asia, face in aligning with diverse global regulations. He emphasises the uneven distribution of financial resources and expertise, which disproportionately affects smaller enterprises, leaving them vulnerable in a fast-evolving regulatory environment. Our discussion also touches on the innovative strategies factories are employing to navigate the energy transition and improve operational efficiency.
A significant focus of our conversation revolves around the need for a shift in the financial dynamics between suppliers and buyers to facilitate genuine capacity building. JP argues that a more balanced approach to these relationships is crucial, underpinning it with a call for local governments and financial institutions to play a more proactive role in supporting factories' compliance efforts.
Tune in to gain insights into the complexities of supply chain sustainability and the collaborative efforts required to foster ethical, efficient, and environmentally conscious practices. Whether
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