Business, as product and service provider, will face significant consequences when not addressing situation like rising costs due to increasing competition of scarce raw materials, uncertainty and supply disruption as a result of global climate change impacts, and increasing regulation. Sourcing, a pivotal part of production, has become an area of increasing focus for business globally, particularly procurement teams. It is imperative to ensure that the raw materials used in these products are sustainably sourced, reducing their negative impacts on people and the planet
It is expected that the capacities of key actors from private and public sector could be strengthen in order to develop and push forward integrated strategies for pursuing sustainable sourcing.
