Stakeholder collaboration can help management prepare for a better future: Stakeholder expertise on operations on the ground can unveil areas in supply chains where there is high risk potential and unexplored opportunities.
Companies can improve the environmental, social and economic impact of their supply chains by working with, for instance, suppliers. The challenge that climate change poses on supply chains is becoming increasingly more complex. A collaborative approach provides a robust starting point for addressing issues in a comprehensive, systematic way. Businesses can ensure that their actions create long-lasting positive impacts by collaborating with strategic partners that possess specific competences. This enables these businesses to positively affect the environment and communities they operate in, as well as their bottom line.