Month: September 2023

CHARLOTTE, N.C., September 6, 2023 /3BL/ – The pressure to align with environmental, social and governance (ESG) principles has become a top concern in global supply chain management, according to a new survey-driven report by DP World and Supply Chain Dive’s studioID. 

“Supply Chains Prepping for a Greener, More Agile Future” polled nearly 160 leaders from across the supply chain, logistics, operations and technology sectors to reveal that ESG concerns now rank alongside “demand and supply variability” and “lack of agility in adapting to change” as the top three challenges facing the industry. 

DP World, in collaboration with studioID, discovered a reshuffling of priorities and investment strategies as supply chains work to address these top issues. Many organizations are altering course to implement strategies that reduce carbon emissions, enhance efficiency, improve agility, and mitigate risk. This includes optimizing supply chain activities and investments to align with ESG objectives, while also taking a closer look at vendor relationships, with sustainability credentials now playing a significantly larger role in vendor selection than before. Download the report here.

“Over the past few years, we have seen businesses become increasingly proactive when it comes to evaluating their suppliers’ environmental impact, particularly as they seek to lower the carbon footprint of their products,” said Brian Enright, CEO of DP World, Americas. “Service providers that can prove significant carbon reduction – perhaps through the application of renewable energy or operational enhancements that boost efficiency and productivity – can gain an advantage in the selection process.”

Key findings of the survey include:

Supply chain pain points have shifted. Top concerns for supply chains are now led by demand and supply variability (cited by 41%), followed by inflexibility/inability to adapt quickly to change (34%). ESG and regulatory and compliance challenges tied for third place (28%). Confidence in supply chain investments is high. More than 9 in 10 respondents anticipate very or somewhat significant impacts from their chosen supply chain strategies. Top expectations include increasing efficiency (97%), increasing value to business partners and other stakeholders (93%) and making the organization more agile (89%). ESG importance has risen considerably — and respondents expect real payoff from investments. Ninety percent of respondents report the priority they place on supply chain sustainability/decarbonization has increased compared with three years ago. Benefits respondents see their ESG investments returning “very or somewhat significant” outcomes, including lowering carbon emissions (89%), lowering supply chain costs (85%) and increasing efficiency (83%).Supply chain optimization leads ESG strategies. Three in five respondents are turning to supply chain optimization, such as reducing transportation distances, consolidating shipments, and optimizing inventory levels to support ESG goals. Other strategies include employing fuel-efficient driving practices, such as reducing idling time and optimizing routes (38%) and using more energy-efficient transportation methods like electric or hybrid vehicles (37%).ESG is now a key part of vendor strategy. More than a third (37%) of respondents are consolidating their number of product vendors, and 33% are diversifying their transportation and logistics partners. The majority of supply chain executives (84%) report that prospective supply chain partners’ decarbonization and sustainability capabilities are extremely or very influential in their organization’s selection processes.

Quality data and access to the efficiency and scalability of a ready network have become two common reasons organizations outsource supply chain management to an end-to-end service provider, says Morten Johansen, chief operating officer of DP World, Americas. 

“With the increased focus on ESG and emissions reporting, companies would be best served to partner with an end-to-end supply chain service provider, which can generate a more comprehensive dataset for each link in the supply chain,” Johansen said. “This will become increasingly more valuable as companies continue to move their decarbonization and ESG pledges forward.” 

Download the report here.

SURVEY METHODOLOGY:

DP World collaborated with Supply Chain Dive to conduct the online survey, polling 155 respondents in supply chain, operations and IT roles in a series of multiple-choice questions to understand their current supply chain pain points and priorities. Respondents represent a broad variety of industries, led by industrial manufacturing (21%), retail/wholesale and transportation (13% each). The largest group of respondents work for organizations with annual revenue of $101M-$500M (33%), followed by $51M-$100M (19%) and $501M – $1B (17%). Respondents were based in the United States or Canada. 

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DP WORLD AMERICAS MEDIA CONTACT:

Melina Vissat, Head of Communications, North America
M: (+1) 704-605-6159
E: melina.vissat@dpworld.com

ABOUT DP WORLD:

Trade is the lifeblood of the global economy, creating opportunities and improving the quality of life for people around the world. DP World exists to make the world’s trade flow better, changing what’s possible for the customers and communities we serve globally. 

With a dedicated, diverse and professional team of more than 103,000 employees spanning 75 countries on six continents, DP World is pushing trade further and faster towards a seamless supply chain that’s fit for the future. 

We’re rapidly transforming and integrating our businesses — Ports and Terminals, Marine Services, Logistics and Technology – and uniting our global infrastructure with local expertise to create stronger, more efficient end-to-end supply chain solutions that can change the way the world trades.

What’s more, we’re reshaping the future by investing in innovation. From intelligent delivery systems to automated warehouse stacking, we’re at the cutting edge of disruptive technology, pushing the sector towards better ways to trade, minimising disruptions from the factory floor to the customer’s door. 

WE MAKE TRADE FLOW TO CHANGE WHAT’S POSSIBLE FOR EVERYONE.

Follow DP World on Twitter and LinkedIn.

As an elementary school student, Nohely Peraza took a bus from her home in East Palo Alto to a school several miles away in another city. The local commute program sought to address the lack of diversity in schools in high-income neighborhoods and create educational opportunities for those in lower-income areas. For Nohely, it felt like a different world – the houses were bigger, and the surrounding area was far less racially diverse than the neighborhood she lived in.

“I would tag along with my mom at her job cleaning houses, and they were all in the neighborhoods where I went to school,” recalls Nohely. “I also had the provided brown paper bag lunch unlike others who had homemade lunches. It was my first time feeling very different.”

Eastside Supports First-Generation Students

But as Nohely approached high school, everything changed. Without knowing, she’d been passing Eastside College Preparatory School, a small private high school and Gilead Foundation grantee in East Palo Alto, every day on the bus. While students have to apply to get in, Eastside prioritizes accepting low-income students and those who will be of the first generation in their families to attend college, and tuition is free. Nohely learned about Eastside through a friend’s mom, and when she discovered there was an opportunity to continue her education in her own neighborhood, surrounded by students with similar life experiences, she jumped at the chance.

“I convinced my mom to take me to an open house for the school. I fell in love, as I was drawn in by how college-oriented it was,” she says. “My parents didn’t get a high school diploma or college degree, but they would always tell me ‘I don’t know how you’re going to do it, but you’re going to go to college.’”

Nohely got into Eastside, where she excelled, and four years later was accepted to Williams College in Williamstown, Massachusetts. When she graduated in 2020, she wanted to give back and continue to be a part of the community that meant so much to her – so she decided to return to Eastside as a teacher. Today, she teaches freshman World History as well as a class to help students gain research skills in preparation for college.

Preparing Students for College

For Chris Bischof, who cofounded Eastside, Nohely’s path epitomizes his hopes for the students – with a focus on getting first-generation students from low-income families ready for college. When Eastside opened in 1996, 65% of students in East Palo Alto didn’t finish high school, and less than 10% of high school graduates made it to college.

“I believed we could create greater opportunities for students in our community,” says Chris. “Everything we’ve done since day one of starting the school has been aimed at achieving that goal.”

This evolving process has included creating a rigorous environment to help get students on the same educational levels when they enter the school and to build their confidence to succeed. The school days are long, running from 8:30 a.m. to 5 p.m. There’s ample time for one-on-one tutorials between students and teachers, and programs continue throughout the summer. There’s also an option to be a residential boarder at the school, so students can fully immerse themselves in the learning experience.

“Our students come in with a wide range of academic backgrounds,” Chris says. “But we meet students where they are, providing many layers of support to help every student reach their potential and go on to be successful in college.”

Despite navigating the individual needs and challenges of around 65 students per grade, today more than 99% of Eastside’s students go on to college – and that number was 100% for the Class of 2023.

Making a Positive Impact

Today, Nohely finds joy watching students participate in rituals that meant a lot to her when she was younger. “We have a graduation tradition where students are given roses to present to their family members and supporters,” she says. “It’s very beautiful, because just one student graduating touches so many lives.”

As part of its commitment to improve health equity through promoting educational equity, the Gilead Foundation supports Eastside’s efforts to continue to grow in unique and innovative ways. And the school is planning to expand what it offers students each year.

“We’re continuously learning about how we can improve,” Chris says. “We want to make sure that as long as the students put forth the effort, it’s a guarantee that they’re going off to college.”

Originally published by Gilead Sciences