Market Overview: Supply Chain Sustainability
03 Jun, 2024
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Executive Summary
Achieving sustainable supply chains is still the main challenge for firms seeking to meet ESG and sustainability goals and ensure business resilience. With climate, economic and socio-political disruptions impacting supply chains, businesses need to understand the difficulties of advancing supply chain sustainability – and appreciate the pace of innovation in this space. This report informs organizations about the varied software types supporting supply chain sustainability data collection, reporting, risk management and supplier engagement, considering how vendor heritage strengthens certain capabilities. Additionally, the report provides software vendors with insights into corporate priorities and a deep understanding of the different players navigating the supply chain sustainability software market.
Regulatory pressure and risk exposure push firms to integrate ESG and sustainability goals in the supply chain
Upcoming regulations hold firms accountable for their ESG and sustainability impact across the value chain
Firms increasingly recognize ESG and sustainability issues as risk factors in their supply chains
Blind spots and cost considerations hinder the formation of ESG-aligned supply chains
Effective supply chain sustainability strategies merge accountability, adaptability and resilience
Diverse ESG supply chain goals span a spectrum of passive to active strategies
Supply chain sustainability priorities shape buyers’ demand for software and services
Digital strategies must match firms’ sustainability priorities for the supply chain
Supply chain sustainability software enables three key use cases for buyers
Vendors offer diverse solutions with varying applicability to supply chain sustainability needs
Supply chain sustainability will test and boost business resilience
AI, supplier engagement and industry collaboration drive innovation in supply chain sustainability
Upcoming regulations hold firms accountable for their ESG and sustainability impact across the value chain
Firms increasingly recognize ESG and sustainability issues as risk factors in their supply chains
Blind spots and cost considerations hinder the formation of ESG-aligned supply chains
Effective supply chain sustainability strategies merge accountability, adaptability and resilience
Diverse ESG supply chain goals span a spectrum of passive to active strategies
Supply chain sustainability priorities shape buyers’ demand for software and services
Digital strategies must match firms’ sustainability priorities for the supply chain
Supply chain sustainability software enables three key use cases for buyers
Vendors offer diverse solutions with varying applicability to supply chain sustainability needs
Supply chain sustainability will test and boost business resilience
AI, supplier engagement and industry collaboration drive innovation in supply chain sustainability
Figure 1. Comparison of passive and active supply chain sustainability strategies
Figure 2. Priorities of buyers of supply chain sustainability software and services
Figure 3. Supply chain sustainability software use cases and sub-segments
Figure 4. Additional software vendors with offerings for supply chain sustainability
Figure 2. Priorities of buyers of supply chain sustainability software and services
Figure 3. Supply chain sustainability software use cases and sub-segments
Figure 4. Additional software vendors with offerings for supply chain sustainability
HP, IKEA, Credibl ESG, Worldfavor, Dell, Sourcemap, Resilinc, Greenly, Assent, Heineken, Fortune, Diginex, Veriforce, Harvard University, McKinsey Global Institute (MGI), 3E, Oritain, Aravo, Ulula, FedEx, Apple, Oracle, Avetta, Carbmee, Planet FWD, Levi Strauss & Co., NZero, LRQA, Wolters Kluwer, TrusTrace, OneTRust, SAP, Sweep, Cority, QIMA, ServiceNow, NAVEX, VelocityEHS, Responsible Business Alliance (RBA), ESG Playbook, Competition Bureau Canada, Achilles, Diligent, EcoOnline, Salesforce, UL Solutions, Sphera, Nestlé, Terrascope, IBM, Danone, lululemon, C3 AI, Prewave, Ethixbase360, Science Based Targets initiative (SBTi), ISN, Sedex, IntegrityNext, iPoint-systems, Persefoni, Benchmark Gensuite, EcoVadis, FigBytes, Circulor, Source Intelligence, Appruv, Taskforce for Nature-related Financial Disclosures (TNFD), UN, Lenovo, Intelex
About the Authors
Elisa Molero
Industry Analyst
Elisa is an Industry Analyst at Verdantix, specializing in supply chain sustainability. Her research covers 100 vendors in the supply chain sustainability market, supporting b…
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Guy Lewis
Industry Analyst
Guy is an Industry Analyst in the Verdantix ESG & Sustainability practice. He currently leads research on circular economy software and services and supports research acro…
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Kim Knickle
Research Director
Kim Knickle is a Research Director at Verdantix, bringing more than two decades of analyst experience to the evolving world of sustainability. Her current research spans ESG a…
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