The Supply Chain Performance Indicator allows companies to do a ‘health check’ on their operations and highlight which areas they need to focus on to achieve their aspirations. The assessment is based on five indicators: environmental soundness and transparency of direct suppliers and of indirect or deep-tier suppliers; financial robustness; flexibility and adaptability; and collaboration and connectedness throughout the ecosystem. Clients can use the results to identify their areas of weakness and seek advice and solutions from the Bank to help achieve their goals.
The issues exposed by COVID-19 have prompted companies to rethink their supply chains, as the world looks to build back a more sustainable global economy. The tool is developed based on insights from Critical indicators of sustainable supply chains, the Bank’s report which surveyed close to 1,000 global companies, and looked at the resilience and sustainability of supply chains across regions and sectors based on the same five indicators - it also offers actionable insights for companies. While 90% of the respondents said sustainability and resilience are strategic imperatives, the survey revealed that nearly two thirds of companies said their actual performance lags the importance they place on meeting each of the indicators.
Other key highlights include:
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