Supplier spotlight: How can we build long-lasting partnerships and equity into our value chains?

Since Covid-19, suppliers have faced rising pricing pressures and increased cash flow volatility. At the same time, escalating compliance demands and reporting obligations are driving 'audit fatigue' for suppliers. 

According to the Better Buying Institute, fewer than 49% of suppliers receive payments that cover both production costs and a reasonable profit. Without equitable partnerships—and a meaningful seat at the table for suppliers—how can we expect to drive lasting industry change or achieve our sustainability targets?