Navigating the Green Tape: How Emerging SDG Regulations are Reshaping Supply Chain Compliance

Abstract

Whereas lean manufacturing has transformed the global supply chain to a certain degree, it is one of the most complete changes to the supply chain in recent years. This time, however, it is not happening due to geopolitical shocks or logistics failures caused by the pandemic — it's happening because of regulation. In virtually all parts of the European Union, the United States, China, India, and more, governments are incorporating Sustainable Development Goal (SDG) requirements into the compliance ecosystem in which multinational corporations operate on a day-to-day basis [6]. Out of this comes a growing wall of "green tape" that procurement, legal and C-suites are just starting to comprehend.