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The Strengths, Limitations and Challenges of Corporate Social Responsibility in the Global Supply Chains

2023-04-30 12:58:24

In the current market, profitability is no longer an important issue. Rather, corporate ethics is very important for domestic and overseas companies to meet the expectations of consumers, employees, NGOs and other interest groups. As a result of these developments, companies are competing to adopt (CSR) corporate social responsibility (Corporate Social Responsibility) an excellent code of conduct, and enterprises are required to comply with social and environmental system standards and health and safety It tells consumers and other pressure groups that it is good. Procedure (Peterson and Anderson 2006).

In the 21st century, corporate social responsibility in the supply chain attracts attention of companies and stakeholders. The company's supply chain is the process by which multiple organizations, including suppliers, customers and distributors, collaborate to provide value added products and services to end users (customers). The irresponsibility of a corporate society in the supply chain has a big influence on the reputation of the company, and as a result, the cost for solving the problem is high. For example, as the Savar building collapsed in 2013 and more than 1,000 people died, the company considered the impact on society and the environment. Meanwhile, the British horse case in 2013 affected many food retailers, including Britain's largest retailer Tesco, and dismissed suppliers.

This section outlines the complexity and insight of corporate social responsibility, the interrelationship between the global supply chain and the global economy. Corporate social responsibility management includes not only global supply chain management but also corporate governance of the environment and society as a whole. However, the focus of this research is only on corporate social responsibility in the global supply chain. Therefore, the main focus of this research is the achievement and practice of corporate social responsibility of multinational corporations, but considerable theoretical insight to explain and define the practices and principles of corporate social responsibility provide.

Corporate social responsibility has become an important issue in many supply chains, but it is very difficult to monitor and measure social responsibility indicators. By using the block chain, a common protection plan is created and contains information on carbon emissions, water use, labor practices and other important social responsibility measures. A good example of this application is that IBM and Everledger collaborate to track diamonds and prevent "collision" jewelry flow