Redesigning Supply Chains for Greater Efficiency and Sustainability

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The key insight is that redesigning supply chains to be more manageable and transparent can yield multiple benefits beyond carbon reduction and sustainability, such as establishing strategic relationships with suppliers. This approach involves not only collecting better data about supply chains but also rethinking the structure to simplify complexity and opacity, leading to improvements in procurement strategy. The integration of roles like Chief Sustainability Officer and Chief Procurement Officer highlights the interconnection between sustainability impact and upstream activities involving the purchasing of goods and services.

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.

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