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Mars rethinks procurement for post-commodities era

by Futures Centre, Jun 27
1 minute read

Food giant Mars has set out a Sustainability in a Generation (SiG) plan, which aims to tackle the short-term, commodities-only approach to procurement of raw materials such as rice, cocoa, palm oil and others, which is detrimental to both people and the environment. The company has taken three years to map the origin of its key raw materials and has set out “transformational strategies” to make their supply chains more sustainable in the longer-term. The company’s procurement and sustainability officer Barry Parkin claims that it is no longer acceptable for companies to source materials without knowing their origin and the means by which they came to be produced, hailing for the end of “the commodities era”.

Details

  • Topic: Economy & businessSupply chainsWorkforce & employment
  • Other Tags: Supply Chain
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