Sustainability Ignored by 40% of Procurement Leaders

Cost reduction is the top priority for procurement professionals as sustainability concerns lag behind, new study reveals


Supply chains are facing new pressures to reduce costs, and that tugs at the heart of the procurement operation. At the same time, both consumers and governments are ramping up efforts to adopt sustainability as a core value in businesses.

Yet, a new survey finds that not only is a significant portion of procurement leaders ignoring sustainability efforts, but many are also not even aware there are regulations around sustainability practices.

Sedex, a sustainability software provider, surveyed over 250 senior procurement leaders at North American companies (not Sedex customers) at the end of 2023 and found that 40% are ignoring sustainability in their procurement operations, and 37% said they are unaware of sustainability-related legislation that impacts their businesses.

“These findings are a wake-up call for any business that is serious about its social and environmental performance,” Maurizio Capuzzo, chief marketing officer at Sedex, said in a statement. “Sedex’s research underscores the urgent need for executive teams to realign ESG commitments and operational goals, to truly embed sustainable practices in their organizations.”


Article Topics


Boston Consulting Group News & Resources

Sustainability Ignored by 40% of Procurement Leaders
Companies Targeting Supply Chain and Manufacturing for Cost Savings
Supply chains are facing new pressures as companies seek cost savings
The shift away from China is leading to India, notes Boston Consulting Group Report
Exports from India Grow as Companies Shift Away from China
BCG Report focuses on designing resilience into global supply chains
Innovative Companies 2020: The Serial Innovation Imperative
More Boston Consulting Group

Latest in Transportation

Is the Trailers as a Service (TaaS) Model Right For Your Business?
Why Grocery Shoppers are Leaving Stores and Buying Their Food Online
Unlocking Efficiency: Navigating Sea Freight Logistics in Supply Chain Management
Is There a Next Generation of Truckers? Data Reveals Grim Outlook
A Look at Baltimore’s Key Bridge Collapse—One Month Later
Baltimore Continues Bridge Recovery With Opening of New Channel
How Shippers Can Prep for Hurricane Season
More Transportation

About the Author

Brian Straight's avatar
Brian Straight
Brian Straight is the Editor in Chief of Supply Chain Management Review. He has covered trucking, logistics and the broader supply chain for more than 15 years. He lives in Connecticut with his wife and two children. He can be reached at [email protected], @TruckingTalk, on LinkedIn, or by phone at 774-440-3870.
Follow Logistics Management on FaceBook

A survey of 250 senior procurement leaders found that 40% are ignoring sustainability in their procurement operations.
Source: Getty Images
A survey of 250 senior procurement leaders found that 40% are ignoring sustainability in their procurement operations.

The Boston Consulting Group (BCG) is a global management consulting firm and the world’s leading advisor on business strategy. We partner with clients from the private, public, and not-for-profit sectors in all regions to identify their highest-value opportunities, address their most critical challenges, and transform their enterprises. Our customized approach combines deep insight into the dynamics of companies and markets with close collaboration at all levels of the client organization.



View Boston Consulting Group company profile

 

Featured Downloads

Unified Control System - Intelligent Warehouse Orchestration
Unified Control System - Intelligent Warehouse Orchestration
Download this whitepaper to learn Unified Control System (UCS), designed to orchestrate automated and human workflows across the warehouse, enabling automation technologies...
An Inside Look at Dropshipping
An Inside Look at Dropshipping
Korber Supply Chain’s introduction to the world of dropshipping. While dropshipping is not for every retailer or distributor, it does provide...

C3 Solutions Major Trends for Yard and Dock Management in 2024
C3 Solutions Major Trends for Yard and Dock Management in 2024
What trends you should be focusing on in 2024 depends on how far you are on your yard and dock management journey. This...
Packsize on Demand Packing Solution for Furniture and Cabinetry Manufacturers
Packsize on Demand Packing Solution for Furniture and Cabinetry Manufacturers
In this industry guide, we’ll share some of the challenges manufacturers face and how a Right-Sized Packaging On Demand® solution can...
Streamline Operations with Composable Commerce
Streamline Operations with Composable Commerce
Revamp warehouse operations with composable commerce. Say goodbye to legacy systems and hello to modernization.