While traditional supply chain management involves minimizing total operating expenses to maximize gross profits, businesses must increasingly invest in ethical supply chains to engage with today’s consumer. With the traditional equation to develop an optimal supply chain, the company or supply chain management organization considers a number of factors including central purchasing (for price savings and product standardization), inventory, risk …
Monthly Archives: May 2018
Congratulations. You’ve decided to take matters into your own hands and form a social enterprise. You saw a problem and you have enough insight and tenacity to make an attempt at a solution. Creating a company that works for the betterment of humanity is a noble cause and no small feat. You have the idea, you believe in it, and …
We spend so much time lost in our phones, computers, or other digital screens, yet events are still one of the most powerful communication tools out there. Why do you think people pay thousands upon thousands of dollars to go see the Super Bowl instead of just watching it in the comfort of their own homes without spending a dime? …
In 2013, the fashion industry saw one of the worst tragedies in history – the Rana Plaza complex, a garment factory in Bangladesh collapsed and took the lives of 1,134 garment workers and injured 2,500 more. The factories operating in this building made clothes for well-known international brands. This devastating incident accelerated the rise in a new movement — the …