Cargill Expands Commitment to Responsible Supply Chains
As part of its commitment to operating responsible supply chains, Cargill, Minneapolis, announced a new assessment tool to help food and beverage customers achieve their growth, cost reduction and risk mitigation goals by identifying, prioritizing and quantifying risks and opportunities in its supply chains.
The new tool allows Cargill and its customers to rapidly identify and assess areas of risk and opportunity, so they can take action on responsible sourcing issues that may negatively or positively impact business, such as labor practices, the environment and biodiversity. The tool translates these risks and opportunities into specific financial terms by assigning cost and revenue implications to those identified in the assessment as having the highest likelihood of occurrence and business impact. The company's unique approach facilitates collaboration and alignment across all partners in the supply chain to move quickly to address issues and opportunities.