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Responsible Supply Chain Tools: Understanding the Market ...

Responsible Supply Chain Tools: Understanding the Market Opportunity April 2019. Responsible Supply Chain Tools: Understanding the Market Opportunity 2. Responsible Supply Chain Tools: Understanding the Market Opportunity This report outlines the current Market for Responsible Supply Chain tools and services and calculates its potential Market size through interviews with stakeholders from across four industries and labor-focused consultancies, analysis of secondary research, and discussions with subject matter experts at Humanity United and Working Capital. Working Capital, founded by Humanity United, commissioned the report with funds from UK aid from the UK government; however the views expressed do not necessarily reflect the UK government's official policies.

Resonsible Suly hain Tools nderstanding the Market ortunity 06 A Market Poised to Grow The market for socially responsible supply chain tools is well positioned for ...

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Transcription of Responsible Supply Chain Tools: Understanding the Market ...

1 Responsible Supply Chain Tools: Understanding the Market Opportunity April 2019. Responsible Supply Chain Tools: Understanding the Market Opportunity 2. Responsible Supply Chain Tools: Understanding the Market Opportunity This report outlines the current Market for Responsible Supply Chain tools and services and calculates its potential Market size through interviews with stakeholders from across four industries and labor-focused consultancies, analysis of secondary research, and discussions with subject matter experts at Humanity United and Working Capital. Working Capital, founded by Humanity United, commissioned the report with funds from UK aid from the UK government; however the views expressed do not necessarily reflect the UK government's official policies.

2 A team from Monitor Institute by Deloitte, part of Deloitte LLP, conducted research and synthesis for the report. The Monitor Institute team included Lisa Newman-Wise, Caitlin Ryan, and Tony Siesfeld. 03. Responsible Supply Chain Tools: Understanding the Market Opportunity Contents Executive Summary 5. Introduction 9. Objectives 10. Authors 11. Methodology 11. Overall Findings 13. Current State of the Market 13. Growing the Future Market 19. Industry-Specific Findings 25. Apparel and Footwear 25. Food and Beverage 26. Hospitality 27. Information and Communications Technology 27. Implementation Resources 29.

3 Landscape of Tools & Services 29. Market Size Estimates: Assumptions and Calculations 33. Conclusion 35. Glossary 36. 04. Responsible Supply Chain Tools: Understanding the Market Opportunity Executive Summary Globalization presents businesses with immense opportunity to produce affordable goods and services at scale, but comes with growing demand from governments, shareholders, investors, employees, and consumers to protect the safety and dignity of workers. Labor exploitation poses a complex, dynamic, global socioeconomic risk that spans industries but promising new solutions are emerging to reduce it.

4 Workers at the bottom of global Supply digital technology, supplement and can be chains face poverty, displacement, job utilized both by companies themselves as scarcity and wage The world's well as within the context of professional 450 million waged agricultural workers services like consultations and certifications. suffer from high incidences of poverty and They will be referred to throughout this Globally, up to 150 million workers report as socially Responsible Supply Chain have crossed national borders in search tools or simply tools.. of work and a better As migrants, workers become especially vulnerable to Some socially Responsible Supply Chain unethical recruitment practices and other tools were originally developed to address forms of labor According to environmental risks.

5 As corporate the International Labour Organization, an environmental sustainability approaches estimated million men, women, and mature, companies have expanded their children are victims of forced labor around focus to include social and governance the Companies can impact the lives factors. We believe the future of labor of many exploited individuals and help rights innovation and practices will follow protect others from harmful practices by the strong adoption and growth of the carefully addressing both severe labor rights sustainability industry. Companies seek to abuses and subtler systemic labor issues in understand how tools and technology can their Supply chains.

6 Support socially Responsible Supply Chain practices in addition to environmental As public awareness of labor risks in Supply sustainability, and some have already chains increases due to new regulations, implemented third-party solutions or investigative journalism, and pressure from built their own. However, there remains non-governmental organizations, many a significant opportunity for many more businesses have turned their attention companies to explore, implement, and to labor rights. A growing set of tools has scale a range of tools to improve socially emerged to assist companies by providing Responsible Supply Chain practices.

7 Better visibility and transparency to assess risk, diagnose problems, act on issues, This study explores the current state and and monitor labor practices and working future horizon for socially Responsible conditions in their Supply chains. These Supply Chain tools. tools, which are primarily built around a 05. Responsible Supply Chain Tools: Understanding the Market Opportunity A Market Poised to Grow Mounting pressure and growing The Market for socially Responsible Supply business risk. Increasingly, stakeholders Chain tools is well positioned for growth such as policy leaders (via regulations), over the next five years.

8 The Market for NGO and media investigators, industry new tools is somewhat nascent, especially associations, investors, consumers, when compared to social compliance audits, and even employees and leaders within which have been in place for decades. Yet corporations have pushed for greater there is a growing Market need for tools transparency and accountability within that go beyond audits, including tools that global corporate Supply chains offer real-time transparency into practices Global Supply chains are complex and of actors in the Supply Chain , programs opaque. In a study conducted by The that digitally facilitate sourcing from ethical Economist Intelligence Unit Limited in suppliers, and grievance mechanisms that 2017, 49 percent of executives cited Supply assist employers or buyers in intervening Chain complexity as the greatest hurdle The Market for socially when workers identify issues.

9 Interviews to Fortunately, technology and research reflected the following themes Responsible Supply Chain which are helping accelerate the Market : solutions and tools designed to provide business leaders with intelligible data and tools could reach $ billion options to make sense of this complexity over the next five years. Audits are insufficient and ineffective have emerged but still dominate practice. Currently, there is a relatively large Market for Our analysis indicates that over the next five services that assess social and labor years, the Market for socially Responsible practices ( , social compliance audits).

10 Supply Chain tools could reach between Audits are well-understood and accepted $889 million and $ billion (excluding as the foundation of socially Responsible social compliance audits). Among the five Supply Chain management, yet widely major categories of socially Responsible considered ineffective Supply Chain tools risk assessment, Figure 1: Estimated Market for Responsible Supply Chain tools (excluding audit), 2018 and 2023. $807M-$ $889M-$ 2018 Market 2023 Market 06. Responsible Supply Chain Tools: Understanding the Market Opportunity product traceability, ethical sourcing, ethical Channeling resources from audits to a recruitment, and worker engagement risk more impactful approach.


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