ASCM Introduces New Standards for Supply Chain “Ethics”

Those who meet the standards are eligible to apply for the ASCM Enterprise Certification, a designation that demonstrates supply chain excellence and transparency—a growing consumer value as they become more and more educated about supply chain practices supporting a circular economy.

Subscriber: Log Out

Today the Association for Supply Chain Management (ASCM), released new standards designed to help customers assess the ethical, ecological and economic aspects of their supply chain.

As noted by SCMR last May, The Monitor Institute by Deloitte issued report evaluating the current state and future horizon for tools to enable ethical supply chains.

According to ASCM, those who meet the standards are eligible to apply for the ASCM Enterprise Certification, a designation that demonstrates supply chain excellence and transparency—a growing consumer value as they become more and more educated about supply chain practices supporting a circular economy.

“More than ever, consumers want to know that the products they buy are not only economically sound but also manufactured through practices that are ethically and environmentally conscious,” said ASCM CEO Abe Eshkenazi, CSCP, CPA, CAE. “Building these ‘triple E' supply chains provide innovative companies with another platform to achieve competitive advantage, grow their market share and make the world better through supply chain – at the same time.”

For example, an ASCM report released earlier this year found that 83% of supply chain professionals surveyed considered supply chain ethical dimensions either extremely or very important to their organization. However, nearly four in ten companies aren't monitoring their supply chains for ethical practices. “This gap between mindset and action causes accountability to fall through the cracks, which can damage an organization's reputation, affecting its overall bottom line,” added Eshkenazi.

SC
MR

Latest Resources
How to Optimize Your RFID Mandate Labeling within the Supply Chain
Unlock supply chain success by joining SATO America, Loftware, and GS1 Global experts to master new RFID mandates, retail labeling, and…
Read more

About the Author

Patrick Burnson, Executive Editor
Patrick Burnson

Patrick is a widely-published writer and editor specializing in international trade, global logistics, and supply chain management. He is based in San Francisco, where he provides a Pacific Rim perspective on industry trends and forecasts. He may be reached at his downtown office: [email protected].

View Patrick 's author profile.

Subscribe

Supply Chain Management Review delivers the best industry content.
Subscribe today and get full access to all of Supply Chain Management Review’s exclusive content, email newsletters, premium resources and in-depth, comprehensive feature articles written by the industry's top experts on the subjects that matter most to supply chain professionals.
×

Search

Search

Sourcing & Procurement

Inventory Management Risk Management Global Trade Ports & Shipping

Business Management

Supply Chain TMS WMS 3PL Government & Regulation Sustainability Finance

Software & Technology

Artificial Intelligence Automation Cloud IoT Robotics Software

The Academy

Executive Education Associations Institutions Universities & Colleges

Resources

Podcasts Webcasts Companies Visionaries White Papers Special Reports Premiums Magazine Archive

Subscribe

SCMR Magazine Newsletters Magazine Archives Customer Service