out of a mock business challenge given, those questions were asked:
- Immediate Action: What immediate steps should GD take to address the reported issues of poor working conditions and child labor within the palm resin supply chain? What actions should be implemented as soon as possible, bearing in mind that the product is already sold and on shelves?
Supply Chain Transparency: How can GD improve its supply chain transparency and traceability for the palm resin, to gain better control and accountability? Discuss practical steps that can be taken.
Alternative Sourcing: Investigate the feasibility of sourcing the resin from alternative, more sustainable sources. This may include alternative regions, suppliers, or even substitute materials. What should GD consider when exploring such avenues? Outline the processes needed for these alternatives to happen.
Collaboration and Partnerships: Which stakeholders (NGOs, industry peers, governments, local communities) should GD engage with to address these complex sustainability challenges? Explain the type of collaboration and benefits for GD.
Long-Term Strategy: How can GD develop a long-term strategy to balance the profitability of "Tropical Burst" with its commitment to sustainability and ethical sourcing? How can it communicate the efforts to its stakeholders (internally and externally)?
Cost analysis: Analyze the possible increase of the operational cost that the application of the new sustainable strategy could bring to the final cost of the product and how the company could absorb it.
Reputation Risk: Given the potential reputational damage from negative publicity about supply chain issues, how should GD communicate with stakeholders and the public to address this situation transparently and proactively?
Considering you are the Account Manager to GD, representing a consultancy firm that provides solutions for sustainability and environmental challenges, what would be your strategy to set a trustful and long-term relationship with GB and to sell your consultancy services to these issues GD faces?
