Proxima

Yesterday, our sustainability expert Bridget McCormick alongside Ashley E. Clark and Shane Rooney spoke at the Suppliers Partnership for the Environment 2024 Innovation Summit on Scope 3 and sustainable procurement trends. The team highlighted that sustainability should be a priority for every strategic business, sharing recent findings and trends from our Scope 3 Maturity Benchmark within the automotive industry, and led collaborative sharing around challenges within decarbonization that some organizations are facing. A massive thanks to the Suppliers Partnership for the Environment for hosting the event! To learn more about our Scope 3 Maturity Benchmark and how it's helping companies take action against the Scope 3 challenge, visit our website: https://bit.ly/4c8LlLG

Climate change has become a critical issue for manufacturers, with extreme weather events disrupting everything from commodities, to ports, to factories. In a recent interview with Institution of Mechanical Engineers, our Senior Consultant Gemma Thompson MCIPS emphasized the importance of organizations building resilient supply chains to protect themselves from climate-related risk. Gemma acknowledges that whilst potentially expensive, the cost of doing nothing may become greater than putting a strategy in place in an increasingly unpredictable climate. Read more of Gemma's insights here: https://bit.ly/3LvwEH2 #Supplychain #Climatechange #Proxima

From carbon footprints to circular economies, understanding the complex terminology behind all things #sustainability can be challenging. We have cut through the jargon with a glossary of key terms on carbon emissions, sustainability and environmental responsibility, providing digestible explanations for sustainability experts new and old. Our 'Define' series unpacks the jargon we all hear with clear, concise explanations of key terms and concepts. Check out our comprehensive glossary on climate here: https://bit.ly/3zSlRnD

The ongoing Red Sea crisis and global port congestion is causing a “domino effect” of implications for retailers as they enter peak season shipping, according to our Principal Consultant Spencer Shute, CSCP in Chain Store Age. In a recent blog post, Spencer highlights that goods transiting between China and Europe will be feeling the brunt, as diverted shipping routes avoiding the Red Sea cause extended transit times and port congestion, with labor negotiations and strikes in Europe leading to similar delays. Peak season shipping has started in some regions but is still ramping up. Read more of Spencer's insights here: https://bit.ly/3Sc7m4m #Proxima #GlobalSupplyChain

Every so often there is a supply chain incident that you know will be one for the textbooks for the next decade. It feels like last week’s outages were such an event, with disruption global and affecting a broad range of sectors, including retail, aviation, and broadcasting (to name but a few). But what did we learn? Lots, but above all else that cyber insurance premiums are going up this year, as will investment in risk and resilience solutions. Supply chain risk is complex, and potentially costly to design, build and run. Our Risk Report looks at how tech is enabling faster, better, and broader solutions, but also how it may be prompting us to confuse the possible with the practical. Download the report here to find out more: https://bit.ly/4d1JrN7

This week, Proxima colleagues have come together for a “week of sport”, with teams getting away from their desks to get involved in everything from pickleball to touch rugby 🏉.   Yesterday, we hosted two ‘Olympic’ themed sports days in support of our charity partner Together for Short Lives, with Proximites in London and Cardiff taking part in a fun-filled day of relay races, tug of war, and rounders.   Want to join the team? Find out more about #LifeatProxima and check out our vacancies on our careers page: https://bit.ly/3xpEZbu #managementconsulting #teamday #careers

This month’s Procurement Perspectives newsletter dives into a range of topics and insights from our team of procurement experts, including: 🔍Our new Risk Report: A how-to guide on using tech-based solutions to manage supplier and supply chain risk. 📈 Challenges with the recently imposed tariff increases on China-made imports into the US, highlighted by our Executive Vice President, Simon Geale, in @inboundlogistics. 🏆 And another exciting award shortlisting for Proxima! Don't miss out on the latest updates and expert perspectives in the procurement sector. Read more👇

Each year, Proxima surveys CEOs around the world to gain insight into the supply chain issues dominating boardroom conversations. Last year's Supply Chain Barometer found that supply chains remain a focal point for the C-suite, with a particular focus on:   🏭Nearshoring - as companies aimed to reduce dependency on distant suppliers, mitigate risks, and enhance supply chain resilience. 🌎Decarbonization - with businesses under pressure to meet net zero targets. 🔍Supply chain transparency - as demand increases for ethically sourced products and regulation tightened.   As these focus areas continue to shape supply chain strategies, we will be assessing the landscape again to see what priorities have emerged, and what has stayed the same. Catch up on last year's Supply Chain Barometer on our website, and keep a look out for this year’s report: https://bit.ly/4d41QJd #supplychaintrends #CEO #supplychains

Risk has always been on the business agenda, but the turbulence of recent years has brought it into the foreground, with over 70% of CPOs reporting an increase in procurement and supply chain-related risk. Our latest CPO Briefing offers a multi-tiered approach to building a tech-enabled risk model aligned to risk appetite and goals. It outlines different types of risk that organizations need to consider to improve the visibility of - and understand the solutions to - today’s complex supply chains. Read the full report here: https://bit.ly/4d1JrN7 #riskmanagement #supplychains #procurement

Drawing on insights from over 170 leading organizations employing more than 8 million people, The Scope 3 Maturity Benchmark is helping companies accelerate progress through data-driven strategies and collaboration. A recent report found that 93% of organizations pursuing 2030 #netzero targets will fail to meet their goals unless they at least double the pace of their emissions reductions. The Benchmark is working to change this, giving unrivaled access to practical steps and frameworks to translate planning into action. Explore The Benchmark’s latest findings and find out how to contribute on our website: https://bit.ly/4c8LlLG #Scope3 #Procurement #Sustainability