The Gartner Supply Chain Podcast

Purpose-Driven Supply Chains Deliver Value to Stakeholders

Episode Summary

Sarah Watt joins host Thomas O’Connor to discuss how purpose-driven enterprises deliver benefits for stakeholders while generating long-term, durable profits. CSCOs can use the insights to enable enterprise purpose through supply chain product offering and ecosystem partnerships, and drive a purpose-driven culture. Upcoming Event: Gartner’s Supply Chain Symposium Xpo. The World’s Most Important Gathering of CSCOs and Supply Chain Executives. London, UK 13-15 September 2021 and Orlando, Florida 25-27 October 2021. Register with code SCCRE1 for an exclusive discount and learn more at gartner.com/conf/sc

Episode Notes

In this podcast, host Thomas O’Connor and guest Sarah Watt explore purpose-driven enterprises. Purpose-driven organizations create value not only for shareholders, but also for stakeholder groups — including customers, suppliers, local communities and employees.

Creating a purpose-driven enterprise is relatively new. Listen to a discussion about how CSCOs can take action to move on the continuum from being profit-centric to purpose-driven. The conversation provides real-world examples from Solvay and General Mills, then finishes up by providing five actions that supply chain leaders can take as they look to make their organizations more purpose-driven:

• Executive commitment: Integrate purpose into the supply chain strategy, decision-making processes and metrics.
• Portfolio management: Review the pipeline for unintended consequences and advise stakeholders on raw materials selection.
• Partner ecosystems: Identify opportunities for innovation and collaboration.
• Employee engagement: Provide employees with decision-making frameworks and build a culture in alignment with enterprise purpose.

Governance: Diversify metrics to go beyond financial performance and include other stakeholder groups.