Take a dive into digital connectivity, data protection, and ransomware within the supply chain, plus other timely news in this week’s CAPS News.

Diversity has become a top priority for large companies in recent years, but supplier diversity managers represent a small fraction of total supply management employees. 

Learn about the role financial institutions play in corporate ESG efforts, check out corporations’ climate targets, strides made in diversity & more.

The role financial institutions play in environmental sustainability is coming under greater scrutiny. Governments, NGOs, and even consumers turn to them to influence the sustainability practices of companies they invest in and lend to. And as the role financial institutions play gets fine-tuned, its impact undoubtedly will cascade down to businesses and their supply chains. 

Organizations are realizing the importance of reducing GHG emissions and taking action. Of the 69% of companies that made a public commitment to reduce their GHG emissions, almost half (47%) committed to be net carbon neutral.

ESG efforts have taken the main stage as companies seek to improve or fortify their economic, environmental, and social sustainability practices. At 63% of the companies we surveyed, the procurement group is already actively involved in these efforts, at least at a moderate level.

CAPS brings you the latest news on online marketplaces and counterfeiting, supplier assessments, renewable energy, and more.

The Metrics of Supply Management is the profession’s flagship survey for effectiveness and efficiency KPIs. If you are a supply management practitioner at an organization with at least $2 billion in annual revenue, opt-in to take the survey now. 

A new model to help you assess your supplier risk management efforts, an exploration of supply chain challenges in the auto industry, and more.

Auto manufacturers are driving through a gauntlet of challenges while navigating the fallout from an 18-month-long global pandemic and responding to demand for clean energy. Here, we take an in-depth look at challenges and major shifts in the automotive industry over the past 14 months and into the future.