Businesses in Southeast Asia face compounding issues of climate change, regulatory shifts, and increasing economic pressures against the backdrop of global geopolitical uncertainties.
Small and medium-enterprises (SMEs) within larger supply chains will need to manage the dual challenges of increasing client and regulatory expectations while addressing disruptive changes on the ground.
The Centre for Impact Investing and Practices (CIIP) — part of the Temasek Trust ecosystem — and PwC Singapore have collaborated to develop an introductory report, titled "It takes a community": Enabling SME resilience in FMCG supply chains. The report sheds light on how SMEs in the fast-moving consumer goods (FMCG) sector from Indonesia, Malaysia, and Singapore are perceiving and responding to sustainability-related challenges.
Drawing on consultations with SMEs, larger corporates, and civil society organisations, this overview seeks to cast a spotlight on the urgency of key sustainability-related issues in the industry and their potential impacts if not addressed. It also outlines principles and approaches for stakeholders to strengthen supply chain resilience and sustainability.
Source: Enabling SME resilience in FMCG supply chains; PwC, CIIP
SMEs are often limited in resources and influence relative to multinational buyers (MNCs) and downstream stakeholders. That said, their ability to adapt and thrive amid shifting external pressures is not just a matter of the survival of individual businesses but will also ultimately determine the broader industry’s collective resilience and sustainability.
The introductory report aims to identify key areas and efficiencies for further investigation and investment that will bridge the gap between the current capacity and future needs of the FMCG industry in this region.
Read the full report here.
CIIP is a non-profit entity established by Temasek Trust in 2022 to foster impact investing and practices in Asia and beyond. It aims to contribute towards a sustainable future for all. To learn more, visit CIIP’s website and LinkedIn.
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