Supply chains in commodity industries are often characterized by social and environmental abuse. In the cocoa industry, for example, the average farmer cultivates between three and five hectares to earn less than two dollars a day. It is an environment rife with social and environmental abuse. In this article, the authors look at the experience of Tony’s Chocolonely, a Dutch chocolate brand founded in 2005, which set itself a mission to sell 100% slavery-free chocolate. They show how Tony’s brought its supply chain partners together to create an altogether new paradigm in which all actors take responsibility for social impact. And it really works: Tony’s profitably sells around $130 million worth of slavery-free chocolate bars in Western Europe and the U.S.
detected cases of child labor at just 4.4% of Tony’s co-ops’ member farms, compared to instances at 52.8% of member farms in co-ops not partnering with Tony’s, while the average income for farmers that have been in Tony’s co-ops for three years more than doubled.
Sharing data and examples with both internal and external stakeholders reduces both these risks. Together, they help the different supply chain players efficiently work together and feel connected to Tony’s, to each other, and to the shared goal of eradicating child labor and reducing poverty. are examples of children who are doing well at school and families who are now able to install basic sanitation in their homes.Traditionally, business prospers when companies compete — and businesses aren’t sustainable unless they can compete effectively. But competition doesn’t work so well for challenges like child labor or CO2 reduction.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Qualcomm will supply iPhone 5G modem supply until 2026It seems Apple’s custom 5G chips need a little longer to cook.
Read more »
Rainbow signs strategic supply agreement with UK-based rare earth alloy manufacturerIn continuing its efforts to be a forerunner in the establishment of an independent rare earth elements (REEs) supply chain in the UK, London-listed Rainbow Rare Earths has entered into a strategic supply agreement with Less Common Metals (LCM) to develop a Western supply chain for REEs. In terms of the agreement, Rainbow will supply LCM with REEs designated as critical minerals, with LCM being the only rare earth metal and alloy manufacturer in the UK – and one of the few facilities outside of China.
Read more »
Trucker warns against 'catastrophic' Biden EPA restrictions: Supply chain could be 'dead in the water'JKC Trucking co-owner Mike Kucharski warned the Biden administration's EPA regulations could be 'catastrophic' and yield a disaster for the American food supply
Read more »
Oil prices hit nine-month high as supply concerns mountOil prices hit their highest levels in 2023 last week following an announcement by Saudi Arabia and Russia that they would deepen their previously announced oil production cuts.
Read more »
Oil prices ease but supply cuts keep Brent above $90/bblOil prices eased in early Asian trade on Monday as economic concerns in China weighed on fuel demand outlook although Brent stayed perched above $90 a barrel, supported by tightening supplies after Saudi Arabia and Russia extended supply cuts.
Read more »
GBP/USD surges past 1.2500, recovers further from multi-month low amid notable USD supplyThe GBP/USD pair attracts some dip-buying after filling the weekly bearish gap during the Asian session on Monday and climbs further beyond the 1.2500
Read more »