Skip to content
Search AI Powered

Latest Stories

Press releases are provided by companies as is and have not been edited or checked for accuracy. Any queries should be directed to the company issuing the release.

Maine Pointe Sponsors the Global Supply Chain Institute’s Insights Series to Help CEOs and Supply Ch

The three-part series explains the what, why, and how of ESG as well as best practices and ROI of integrating environmental, social, and governance priorities into supply chain improvement

Maine Pointe Sponsors the Global Supply Chain Institute’s Insights Series to Help CEOs and Supply Ch

Global supply chain and operations consulting firm Maine Pointe, a member of the SGS Group, is the sponsor of a series of insights pieces published by the University of Tennessee, Knoxville’s Global Supply Chain Institute (GSCI), titled “The simple guide to ESG in the supply chain.” The article, first in a three-part series, describes in detail precisely how and why environmental, social, and governance (ESG) initiatives have moved from “nice-to-have” to being a strategic imperative. It also outlines five practical steps executives can follow when seeking to drive ESG improvement across their supply chain and operations.

“As evidenced at COP26, the 2021 United Nations climate change conference, ESG improvement is becoming an imperative, not just as a function of acknowledging important social justice or climate change issues, but also as a critical function that positively impacts the company’s growth, bottom line, and ability to attract and retain top talent,” said Simon Knowles, Chief Marketing Officer at Maine Pointe. “In this series, the articles demystify the subject and outline best practices of how corporations can integrate ESG as a part of their core business and supply chain.


The first article illustrates that one of the reasons ESG is such a critical issue is changing consumer and investor expectations. “CEOs and supply chain leaders must manage the environmental and social impacts of their end-to-end supply chain or face stark financial consequences,” said Alan Amling, Distinguished Fellow, Global Supply Chain Institute. “This is evidenced in the first article which outlines how one company lost $1.5 billion in market value over two days after revelations of poor working conditions at one of their garment manufacturers came to light.”

According to the first article, senior leadership commitment is essential to rolling out an ESG strategy. “It is important for a company to move from a simple reactive approach to being more proactive on
ESG, and incorporating it as a key business strategy,” said Knowles. “Part of this is expanding focus beyond short-term results.”

“Optimization of procurement, operations and logistics are just table stakes,” added Amling. “Today a coherent ESG strategy, with support from top management and clear goals and metrics, has become an imperative to a company’s short, medium and long-term success.”

The next article will address the ‘how’ of sustainability, highlighting best practices in ESG to uncover the strategies, structures, and tools to achieve actual results today. The last article will focus on the ROI of ESG, underscoring how being a good corporate citizen and driving bottom-line results are not mutually exclusive. You can download the first article and subscribe to the series of insight pieces by signing up at www.mainepointe.com/esg-improvement.

About Maine Pointe
Maine Pointe, a member of the SGS Group, is a global supply chain and operations consulting firm trusted by many chief executives and private equity firms to drive compelling economic returns for their companies. We achieve this by delivering accelerated, sustainable improvements in EBITDA, cash and growth across their procurement, logistics, operations and data analytics. Our hands-on implementation experts work with executives and their teams to rapidly break through functional silos and transform the plan-buy-make-move-fulfill digital supply chain to deliver the greatest ethical value to customers and stakeholders at the lowest cost to business. We call this Total Value Optimization (TVO)™.
Maine Pointe’s engagements are results-driven and deliver between 4:1-8:1 ROI. We are so confident in our work and our processes that we provide a unique 100% guarantee of engagement fees based on annualized savings. www.mainepointe.com

About SGS
We are SGS – the world’s leading testing, inspection and certification company. We are recognized as the global benchmark for quality and integrity. Our 93,000 employees operate a network of 2,600 offices and laboratories, working together to enable a better, safer and more interconnected world.
SGS has been delivering ESG and sustainability solutions and services to clients for the past 25 years and has been a carbon neutral company for the past seven years.

About the Global Supply Chain Institute
The Global Supply Chain Institute (GSCI) at the University of Tennessee, Knoxville, shapes and influences the practice of supply chain management by serving as the preeminent global hub for leading practitioners, academics, and students to learn, network, and connect. With the largest assembly of corporate partners of any university-based supply chain management program, more than 1,200 students studying the subject, and the top-ranked faculty globally for supply chain research, UT’s GSCI is shaping the practice of supply chain management. Please visit https://gsci.utk.edu/ or follow us on LinkedIn, Twitter or Facebook for more information.

https://www.mainepointe.com/esg-improvement

The Latest

More Stories

Seegrid joins Open Source Robotics Alliance

Seegrid RS1 AMR utilizing ROS 2 to perform manipulation task in industrial facility.

Photo courtesy of Seegrid

Seegrid joins Open Source Robotics Alliance

November 19, 2024 - Seegrid Corporation, a leading manufacturer of autonomous mobile robot (AMR) solutions for palletized material handling in the US, today announced its membership in the Open Source Robotics Alliance (OSRA), an initiative of the Open Source Robotics Foundation (OSRF). Through this partnership, Seegrid will contribute its industry-leading expertise through its active involvement in the open-source robotics community. The company joins a vibrant network of innovators, collectively driving open-source development for the betterment of the global robotics landscape.

As part of the OSRA, Seegrid will actively support initiatives that foster collaboration and shared knowledge across the robotics field. The company aims to participate in key OSRF activities, including the renowned ROSCon event, as well as on-line communities such as GitHub and ROS Discourse.

Keep ReadingShow less

Featured

Rich Egan headshot

Rich Egan, Averitt's vice president of international solutions

Averitt

Averitt names Rich Egan vice president of international solutions

COOKEVILLE, Tenn. – Averitt has appointed Rich Egan as the company’s new vice president of international solutions. Egan, who brings over 40 years of experience in the transportation industry and has specialized in international logistics since 1990, will assume the position held by the retiring Charlie McGee.

Since joining Averitt in 2019 as director of international solutions, Egan has played a pivotal role in shaping the company’s global logistics strategy. His expertise and commitment to service excellence have contributed significantly to Averitt’s growth in this sector. In his new role, Egan will lead the international solutions team and drive strategic initiatives to enhance Averitt's global logistics offerings.

Keep ReadingShow less

Conveyor Solutions, KVK, Electrical Services Group, SIM Aftermarket Services, and SIM Software, combine

Elgin, Il. - October 21, 2024 – Systems in Motion today announced that its new name and brand will be effective immediately. This name change is part of a rebranding initiative, but is also the culmination of the companies’ close working relationship for the past five years and represents their unified strength. Systems in Motion will continue to provide material handling services as a tier-one, turnkey material handling integrator.

The Systems in Motion name creates a single and powerful platform – one that embodies client and industry goals of moving forward – while understanding the complexities and unique objectives of every system. The new brand also signifies the culmination of investment in internal processes that streamline procedures, and deliver a seamless customer experience.

Keep ReadingShow less
HTL Freight Acquires CTS Logistics, Expanding into Managed Transportation

HTL Freight Acquires CTS Logistics, Expanding into Managed Transportation


September 24th, Charlotte, NC - HTL Freight, a rising leader in the third-party logistics (3PL), is pleased to announce the acquisition of CTS Logistics, a full-service managed transportation company (4PL) headquartered in Windham, NH. This acquisition, HTL Freight’s fourth major transaction since 2021, reinforces its commitment to delivering exceptional freight solutions across North America.

Keep ReadingShow less
ETIHAD CARGO celebrates 20 years of successful operations in India

ETIHAD CARGO celebrates 20 years of successful operations in India

Abu Dhabi, United Arab Emirates – Etihad Cargo, the cargo and logistics arm of Etihad Airways, is celebrating 20 years of operations in India, a milestone that reflects the airline's ongoing commitment to the Indian market since its first flight to Mumbai on 26 September 2004. Over the years, Etihad Cargo has expanded its presence in India, now offering belly hold capacity via nonstop services between Abu Dhabi and 12 major Indian cities, with plans for further growth.

Etihad Cargo handles over 46,000 tonnes of cargo annually ex India, connecting the country to over 100 global destinations via its Abu Dhabi hub via 588 widebody and narrowbody rotations each month. To meet the needs of specific sectors, Etihad Cargo has enhanced its product range, adding new features and launching new products. Key commodities handled include electronics, including mobile phones and semiconductors, garments, pharmaceuticals, perishables, e-commerce, automobile components and courier shipments, reflecting the diversity and strength of India's manufacturing and export sectors.

Keep ReadingShow less