Multiple and recurring crises: a threat to responsible sourcing ambitions?

Faced with volatile demand, shortages and geopolitical crises, buyers are prioritising cost reduction over the sustainability of their supply chains.

According to Agile Buyer, 77% of the managers questioned said that in 2024 cost reduction would be their primary objective.

Nevertheless, Novethic highlights the growing awareness that a more resilient sourcing model requires (among others) diversification and risk mapping!

Always from Agile Buyer analysis, 78% of buyers will have sustainability or CSR objectives by 2024.

Will the new regulations (EUDR, CSRD, CSDD…) accelerate the shift from “short-term priorities (cost reduction, optimisation)” to “medium-term priorities (security, resilience)”?