Sourcing Market Trends and ESG Compliance Strategies

Diversifying supplier base, together with improved communication and processes are important risk reduction measures ➤ The majority of companies plan on diversifying their supplier base to another country as a risk mitigation strategy ➤ Enhancing communication with current suppliers helps ensure that orders are fulfilled and prepare for any risks that might be approaching. Diversifying the suppliers base to other countries 44% Respondents adopted COPYRIGHT © 2023 ARC Consulting. All rights reserved. № 31 RA UBER Enhancing communication with suppliers 38% Respondents adopted Developing new risk management processes while continuously tracking changes 24% Respondents adopted 21

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