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The Future of Ethical Sourcing

Published by: Verdict Research Ltd

Published: Jun. 15, 2007 - 28 Pages


Table of Contents


VERDICT VIEW
CATALYST
Consumers are increasingly concerned about ethical standards throughout retailers’ supply chains, and retailers need answers to the following questions:
SUMMARY
ANALYSIS
Introduction - The Survey and the Widening Agenda of Ethical Sourcing
Methodology
How Important is Corporate Social Responsibility (CSR)?
Components of CSR and Their Importance
Sector Basis
Labour Issues in the Supply Chain
Change in the Importance of Labour Issues Going Forward
Ethical Sourcing
Drivers of an Ethical Sourcing Policy
Role of Consumers
The Value Clothing Sector
The Cost of Ethical Sourcing
Ways to Further Improve Sourcing and Cut Costs
Environmental Issues in the Supply Chain
Importance of Environmental Issues
Change in the Importance of Environmental Issues Going Forward
Labour vs Environmental - The Changing Balance
A Class Leader - Marks & Spencer
Conclusion
Figure 1: Traditional understanding of ethical sourcing pre-2007
Figure 2: The importance of CSR 2007
Figure 3: The importance of CSR issues 2007
Figure 4: The importance of CSR issues among those working in clothing & footwear 2007
Figure 5: The importance of CSR issues among those working in food & grocery 2007
Figure 6: The importance of labour issues (to all survey respondents) 2007
Figure 7: How do you believe the importance of each of the following labour issues will change in the next five years? (to all survey respondents) 2012 on 2007
Figure 8: Labour issues ranked by importance now and in five years 2007 and 2012
Figure 9: Drivers of an ethical sourcing policy (to all survey respondents) 2007
Figure 10: How consumers drive ethical sourcing
Figure 11: Key cost components of ethical sourcing
Figure 12: To what extent do you expect ethical sourcing to drive up production costs? 2007
Figure 13: The importance of environmental issues (to all survey respondents) 2007
Figure 14: How do you believe the importance of each of the following environmental issues will change in the next five years? (to all survey respondents) 2012 on 2007
Figure 15: Environmental issues ranked by importance now and in five years 2007 and 2012
Figure 16: Average importance of labour and environmental issues 2007 and 2012
Figure 17: Evolution of ethical sourcing up to 2007
Figure 18: Marks & Spencer's Plan A - five main commitment areas 2007
Table 1: The importance of CSR issues (sum - as above) 2007

Abstract

Introduction

This report examines the widening agenda of ethical sourcing using a survey of those who work in retail. Retailers with comprehensive ethical sourcing policies in place, addressing environmental as well as labour sourcing concerns, are in the best position to cover rising production costs. All retailers must respond now to keep up with competitors who already have a key advantage.

Scope
  • Assesses the importance of corporate social responsibility and ethical sourcing for retailers across different sectors.
  • Determines where retailers' priorities should lie now and over the next five years.
  • Examines the forces driving ethical sourcing to date and those driving changes in the future.
  • Forecasts potential cost rises in the supply chain and considers how these costs could be overcome or offset.
Highlights

The scope of ethical sourcing is changing. It now focuses on minimising the exploitation of all resources in the supply chain, not just the traditionally accepted agenda of improving labour conditions. Environmental sourcing concerns are set to become even more important over the next five years.

Ethical sourcing is expected to increase production costs by between 5% -10%. With consumers willing to pay a premium for a benefit that offsets guilt about other forms of environmental damage, retailers who embrace the full ethical agenda can offset increased production costs with higher price points.

An ethical sourcing policy is only as strong as its weakest link and every aspect of a retailer's ethical sourcing programme requires investment.

Reasons to Purchase
  • Ensure your ethical sourcing policy will stand up to the changing demands of the next five years.
  • Prepare for the expected increases in production costs and use this information to help minimise and offset these costs.
  • Formulate plans to keep up with competitors, support internal planning and targets.


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