Ferrero’s Post

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The current market conditions are undeniably challenging, with slow demand and significant losses reported by major companies over the past two years. The uncertainty about when the market will improve adds another layer of complexity. However, there's a noticeable trend gaining momentum: the increasing importance of traceability, ESG (Environmental, Social, and Governance) criteria, and sustainability in the supply chain. In the long run, these factors are becoming crucial for brands when selecting their suppliers. Companies that do not prioritize traceability, ethical sourcing, and sustainability may find themselves struggling to compete. As consumers become more conscious of their purchases, brands are under pressure to align with suppliers who can demonstrate a commitment to these values. I believe there's a significant opportunity to make a difference in this evolving landscape. By focusing on creating a more transparent and ethical supply chain, we can offer something truly valuable to brands looking to differentiate themselves and build trust with their customers. While I can't share all the details just yet, I am working on an exciting project that aligns with these trends and addresses the current gaps in the market. This initiative aims to provide a comprehensive solution that not only meets the growing demand for responsible sourcing but also sets a new standard for the industry. I am confident that this approach will resonate with brands looking to adapt to these new expectations and position themselves for future success. While I'm not ready to discuss the specifics at this time, I'm keen to hear your initial thoughts on the general direction I've outlined. Your perspective would be invaluable as I continue to refine this initiative, which I believe has the potential to make a significant impact in the industry. #ESG #iTraceiT #RJC #Tracapability #Sustainbility #compliance #ethics #Transparancy #Diamonds

🔍 Supply chain transparency is a hot topic, but how can it be achieved? Explore practical strategies for building genuine transparency in your supply chain. From fostering a culture of collaboration and accountability to understanding the new regulations like the Corporate Sustainability Due Diligence Directive (CSDDD), this latest article from SupplyChain Strategy, featuring insights from Carmel Giblin, provides actionable steps for creating an ethical and transparent supply chain. 🔗 Read the full article here https://bit.ly/3z72qaq #SupplyChain #Transparency #EthicalSourcing #Sustainability #ESG #Compliance #BusinessEthics

Exciting update from Valeo Foods Group!   Our Head of M&A, Avanti Patel, recently took the stage at the Houlihan Lokey Global Consumer Conference in London, where she joined a distinguished panel of industry leaders to discuss evolving trends and growth opportunities in the food sector's M&A landscape.   Avanti shared her valuable perspective on the dynamic shifts within the industry, touching on our forward-looking M&A strategy, the importance of ESG due diligence and our vision for the future.   Curious to learn more about Valeo Foods’ M&A journey? Visit our website for the latest insights and updates: www.valeofoodsgroup.com   #ValeoFoodsGroup #HoulihanLokey #M&A #FoodIndustry #GrowthOpportunities

Did you know that only 27% of businesses have full visibility into their supply chains? That is what a Forbes study found in 2021. At ADA Cosmetics, we’ve joined Sedex — Supplier Ethical Data Exchange — to ensure our supply chain is not only ethical but also transparent and responsible. Because with this membership, we will enhance our ability to engage with suppliers in high-risk countries and collaborate on risk mitigation strategies. This commitment means we follow the highest standards of social responsibility. When you partner with ADA Cosmetics, you’re choosing more than luxury — you’re choosing integrity. Want to learn more? Explore our Sustainability Report and see how we’re shaping the future of ethical sourcing. Find the link in the comment section below 👇

‘67% of businesses say they’d be obsolete without digital transformation’   If that doesn’t highlight how imperative emerging technology is to manufacturing success, I don’t know what does.   We have seen a significant increase in smart manufacturing initiatives within food and beverage over the past 10 years. While the benefits are clear, the industry still faces significant challenges surrounding implementation, scalability, and agility.   Join us at #manufbeurope on 13 June 2024 in London, UK to hear how Nestlé, Cargill, Mondelēz International, Danone, Grupo Bimbo, The Coca-Cola Company, Drylaw and more are leveraging technology to accelerate their digital journeys and pave the way for future success.   Secure your place today: https://lnkd.in/egPXqRMR   I will look forward to seeing you there! #SmartManufacturingConference #FoodandBeverageManufacturing #industry4point0 #SmartManuFB #ManufacturingTechnology #digitaltransformation

🔍 Supply chain transparency is a hot topic, but how can it be achieved? Explore practical strategies for building genuine transparency in your supply chain. From fostering a culture of collaboration and accountability to understanding the new regulations like the Corporate Sustainability Due Diligence Directive (CSDDD), this latest article from SupplyChain Strategy, featuring insights from Carmel Giblin, provides actionable steps for creating an ethical and transparent supply chain. 🔗 Read the full article here https://bit.ly/3z72qaq #SupplyChain #Transparency #EthicalSourcing #Sustainability #ESG #Compliance #BusinessEthics

📢 Join me for SESAMm's webinar on CS3D compliance and suppliers monitoring! 📢 Hi everyone, I’m happy to invite you to our upcoming webinar where we'll discuss the significant supply chain monitoring challenges businesses face in today's regulatory environment. With case studies on SHEIN and TEMU, we’ll highlight common issues. We’ll also explore how various industries are adapting to recent regulations and the effects of CSDDD in supply chains. I’ll be joined by Maha Chihaoui, ESG Analyst, on May 28. Together, we'll hopefully share some interesting insights on corporate due diligence practices. 📅 Date: May 28 at 4pm CET 🔗 Register here: https://lnkd.in/eb6S_GCH Looking forward to seeing you there, and if you're interested in learning more, feel free to reach out to our expert Kevin Ozadanir! #CSDDD #TPRM #ESG #CorporateSustainability

I am thrilled to be at the amfori - Trade with Purpose Asia Sustainability Summit with our members, partners, stakeholders, and my dear #amfori colleagues in Hong Kong. #amforievent #amforiAPAC We kicked off our event with a panel on “Win-Win Collaborations in Driving ESG Performance in Asian Supply Chains,” discussed the ESG processes of companies represented by our panelists, as well as the challenges and best practices in ESG. It was very insightful discussion and thank you all panelists: Sebastien Pivet Satte T. Jean Tai Kevin Chen #Wanxinda Martin Kroenig Key takeaways: 📚 Internal alignment for supplier management is essential to effectively map, monitor, assess, and collaborate with suppliers. 📡 Open and transparent communication with suppliers is crucially needed to set and align priorities that drive business strategy and to launch long term business relationships. 🙏🏼 Collaboration is a must, as suppliers operate in different contexts and follow various local regulations. Close engagement with suppliers helps companies understand their business realities and needs. 📑 Different regulations(all the acronyms ☺️ we all know), customers’ requirements, and varying levels of understanding and maturity as well as motivation among suppliers should be carefully considered and followed. Challenges are abundant and complex. The main solutions highlighted are: ** increased engagement and collaboration not just with tier 1 suppliers but also with upstream suppliers ** equality and transparent business relations ** training and guiding suppliers especially for some specific and technical matters such as CO2 calculations ** the collection of reliable and accurate data to build trust and foster continuous improvement in responsible practices. 📍Hong Kong ✌🏼

We believe in building strong supplier relationships. By frequently visiting our suppliers and staying updated on their latest products, we can ensure #compliance with the latest EU regulations But that is not where our engagement stops. We collaborate with excellent partners to help our suppliers learn and grow, as we understand that effective due diligence in complex supply chains is  a challenging task. However, it's crucial for maintaining the agility and transparency that is integral to our operations. At Rewe Far East, we don't just react to changes; we anticipate and lead them. Together with our suppliers and partners at REWE Group, we are shaping a sustainable future because we believe that #Sustainability is a shared responsibility. #SupplierPartnerships #Compliance #Sustainability #REWEGroup