Helping India Inc. to future-proof through improved ESG
Open markets have enabled companies to source materials and outsource production to suppliers in developing and emerging economies. Globalization has reduced costs, enhanced profitability, and percolation of wealth, improving the standard of living for millions of people.
Reliable supply chains have enabled companies to focus on core activities, allowing customers to enjoy the benefits of specialization. The flip side of complex supply chains is the lack of/limited control on partner practices and the direct impact on a company. Many of us vividly remember the price automakers had to pay due to quality issues in Takata’s airbags; inspections mandated after Kobe admitted to supplying poor quality steel, and Mattel’s toy recall due to excess quantities of lead.
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