A new poll from the Pew Research Center for the People & the Press offers some very interesting insights about public attitudes regarding setting limits on carbon emissions. While you might think that the down economy is turning people away from thinking green, this latest data suggests otherwise. In fact, of the 1,308 adults who participated in the poll earlier this month, a clear majority (59%) favors setting limits on CO2 emissions, even if that may result in higher energy prices.
Archive for March, 2009
Supply chain risk continues to be a hot topic among business executives –and for good reason. The current economic downturn, combined with an increasingly complex global business and regulatory environment, has created an atmosphere where most firms are feeling more vulnerable than ever to uncertainty in their supply chains. If you’d like some numbers to back up that claim, consider this: According to an Ernst & Young LLP poll conducted in January 2009, 67% of companies said they would be adversely affected if one of their top three suppliers failed. I wouldn’t be surprised if that percentage has creeped even higher now, indicating that supply chain risk is emerging as a significant top priority.
“Supplier risk is an order of magnitude greater than it has been in decades,” says Mark Short, Partner, Ernst & Young LLP TAS. “Companies are faced with deteriorating cash and credit conditions, and at the same time, an increasingly complex, integrated supply chain.”
Just in case you haven’t heard about it already, let me explain. Earth Hour is a global climate change initiative proposed by the World Wildlife Fund. It’s an effort that encourages individuals, businesses, and governments to turn our their lights for one hour in support of action on climate change.
Two years ago, the first Earth Hour event occurred in Sydney, Australia. That year, over 2 million people and 2,000 businesses across the city turned off their lights and appliances for one hour. In 2008, 50 million people across 35 countries participated. This year, organizers are aiming for Earth Hour 2009 to include 1 billion people in 1,000 cities worldwide.
They may easily exceed that goal.
As businesses today begin to focus on the complexities of supply chain sustainability, it is becoming increasingly clear that companies need forward-thinking procurement executives who can lead the charge into this new frontier. For instance, sustainable supply chains that capture value-creation opportunities can provide considerable competitive advantage, so particularly in this down economy, it’s essential for procurement management to take a holistic approach that recognizes the direct correlation between sustainability and profitability.
Having said that, it’s time to ask the tough question: Is your supply chain team up for the task?