Turning a Global Threat into a Golden Opportunity
Stepping into 2023, supply chain disruptions are expected to continue and impact our day-to-day lives. Whether they are caused by existing or new geopolitical conflicts, inflationary pressures and the recessionary environment, climate change weather events, or other issues that have yet to emerge, the question is: how can we adapt?
The Singapore government has gone a long way to address food security issues - from finding new sources of food, to instituting a "30 by 30" plan that builds domestic capacity to provide 30% of local nutritional needs by 2030. That does not go far enough though. It is now up to companies and individuals to take up the mantle and join the fight against food insecurity. With any crisis comes a golden opportunity to rebuild a better system. Innovation, creativity and a focus on local communities will be key in the future of food stability.
Why are We Passionate About This?
Ninety percent of Singapore’s food supply is imported. With the imminent challenge of exploding global demand for food — projected to be 60 per cent higher by 2050 due to a growing population – Singapore needs a food supply chain that is sustainable and closer to home. Doing so not only benefits the planet by reducing the carbon footprint across the entire supply chain, the shift also brings economic, health and social benefits.
Among the disruptions, key supply chain trends will certainly emerge. Therefore, managing our response to these can be a game changer in the coming year. This infographic demonstrates some ways organisations and individuals can do their part to ensure long-term food security for Singapore.
What is Sodexo Doing to Support?
Supporting diverse businesses is everyone’s responsibility at Sodexo. Our supply managers source diverse products and services for use throughout our supply chain. Even regional account managers assist operations in optimizing procurement and opportunities for local, small and diverse businesses.
In Sodexo, we have committed to nurturing an inclusive supply chain around the world through our Better Tomorrow Plan. We actively recruit diverse businesses, educate employees about our contracting goals, and provide a database for registered and certified diverse small businesses.
In addition, every year we track metrics defined by regional steering committees. To support our local communities, we are committed to dedicating 25% of our spending to small and medium-sized businesses by 2025, with a focus on local and diverse suppliers.
Making a Difference
Staying ahead of these supply chain trends can ensure that supply chain disruptions have minimal impact and ensures long-term food security for Singapore. We are in a strong position to contribute to this global challenge through our core services, but we believe it takes working with our clients, suppliers, partners, communities, and individuals to achieve our common sustainability goals.
If you have the same aspirations, connect with us to explore the endless possibilities for you to stay sustainable and make a difference today!