Green businesses are under increasing pressure these days to demonstrate that the supply chain they manage for the production and distribution of goods is just as sustainable and dependable as the products and services they sell.
Even companies that didn’t start out with an eye on sustainability are now taking steps to demonstrate that they support a reduced carbon footprint in all facets of their industry.
Buyers are able to review supplier history and analyze its sustainability and risk profiles before accepting a contract. The system also works well for suppliers, as the dashboard allows them to compare their services with those of their peers.
“Buyers gain access to more sustainable suppliers through the cloud-based sharing of information," says Ecoshift, “and suppliers get access to information about how to improve.” It’s a win-win system that gives suppliers the tools to evaluate their services, while making it easier for buyers to connect with companies that fit their needs and expectations.
Although SupplyShift didn't win the cup (the winner was Enigma, which has already garnered a fairly successful track record providing data research services to users), it will be well positioned with these week’s accomplishments.
Companies need a dependable method to evaluate suppliers, both for sustainability and risk considerations. As one judge noted yesterday during SupplyShift’s evaluation, this need is even greater now, given the tragic death of hundreds of workers in Bangladesh this month. SupplyShift's platform will work well not only to enhance sustainability in the marketplace, but will ensure better transparency in buyer-supplier relationships.
Images courtesy of Ecoshift Development.
Jan Lee is a former news editor and award-winning editorial writer whose non-fiction and fiction have been published in the U.S., Canada, Mexico, the U.K. and Australia. Her articles and posts can be found on TriplePundit, JustMeans, and her blog, The Multicultural Jew, as well as other publications. She currently splits her residence between the city of Vancouver, British Columbia and the rural farmlands of Idaho.