The importance of Environmental, Social, and Governance (ESG) performance cannot be overstated in today’s rapidly evolving business and financial landscape. ESG has transitioned from a mere buzzword to a defining factor influencing a company's cost of capital and its access to financial resources. Corporations now find themselves under increasing pressure to not only measure and disclose their ESG performance but to also manage associated risks effectively. The surge in regulatory initiatives, whether related to environmental concerns, social issues, or governance standards, all emphasize one thing: the need for transparency. They push companies toward deeper disclosure, broader connectedness, and enhanced collaboration throughout their supply chains. In this article, we will explore key regulatory ESG developments, the challenges they pose, and the role of technology platforms like e2open’s on this critical ESG journey.
E2open is powered by a strong global network of problem solvers and innovators driven by strong values and our company culture. Together, we are focused on doing what’s right in business and in our communities. Every month, we will shine a spotlight on an exceptional team member who is helping us transform the supply chain industry. This month, we held a Q&A with Amanda Loudin, Director, Logistics as a Service at e2open.
Despite continued electric vehicle (EV) growth and adoption in Europe, United States automakers are taking a different path. Just a year ago, the entire world was in full pursuit of moving to electric vehicles. Well, in the United States, at least, those times have changed. Pair rising inflation with the high price of EVs, and most economists would predict a slowing in EV customer demand. So, what would that slowdown mean to the automotive manufacturers and the entire EV supply chain?
Earlier this year, we published a blog on customs modernization efforts with a broader scope across the EU, UK, and US. If you are involved in cross-border trade with members of the European Union (EU), you’re likely well-versed in Import Control System 2 (ICS2), the multi-year customs technology upgrade. The EU has increased its focus on heightening supply chain security and safety via the enormous innovation ICS2 will deliver when complete.
California’s landmark Climate Corporate Data Accountability Act (aka SB 253) was signed into law on Oct 7, 2023. This legislation brings significant changes to the landscape of greenhouse gas (GHG) emissions reporting and will likely impact your company’s supply chain management. For help navigating compliance and understanding SB 253’s implications, this FAQ aims to provide clarity on this new California law, who it affects, and what you need to know.
Step into a world where enchanted swords clash, spells weave through the air, and a diverse band of adventurers unite to face insurmountable challenges. No, we’re not describing a mythical realm but the captivating parallel between managing a partner ecosystem and playing the fantasy tabletop role-playing game Dungeons & Dragons (often called D&D by enthusiasts).
The passing of the Climate Corporate Data Accountability Act(aka SB 253) into law in California is shaking the very foundation of business transparency. It will permanently alter the landscape of environmental responsibility, the aftershocks of which will be felt for years to come. This groundbreaking legislation was proposed in January 2023, requiring stricter greenhouse gas (GHG) reporting practices for all private or public corporations operating in California with over $1 billion in annual revenues. Unlike the pending SEC rule, SB 253 leaves no room for companies to opt out of reporting on Scope 1, Scope 2, and Scope 3 emissions, which covers all aspects of a business’s extended supply chain – affecting more than 5,000 companies globally.
If you are a consumer electronics brand, this is definitely for you. If you are a consumer goods brand manufacturer, read on as well! We will explore expectations and strategies for you to drive higher sales during the holiday season.
Recently, global retailer Walmart announced that a significant technology change would occur on March 1st, 2024, and its suppliers would need to act. Since 1992, Retail Link has been the portal through which Walmart gives its suppliers access to sales data, reports, and forecasts. But not anymore! If you are a sales or supply chain leader who makes decisions based on the data Walmart provides, Walmart Luminate will be your new technology solution.