Choosing Your Suppliers: Evaluating Factories & Brands based on Corporate Responsibilities and Sustainability Footprint
How you decide who you will source from is a task that faces all companies large and small. Currently the topic of sustainability is one of the most important factors in choosing a vendor, however, the concept of sustainability has been unclear depending on how the term is used.
This panel will address all factors relating to sustainability including Geographical Location (Free trade or not), Product Type, Price, Financial Stability, Quality of Production Facility, Communication, Product Quality, Growth Potential, Philosophy, and Compliance. Although rigorous, these factors are a must.
When a vendor is nominated, it is a long-term relationship, not a one-off production run. Sustainability is equal parts a business decision and insuring your supply chain is cohesive from the factory to the end-consumer both in-store or eCommerce.