Supply chain strategies for the UN sustainable development goal (UN SDG) 1: no poverty

The United Nations drafted 17 Sustainable Development Goals (UN SDGs), which are an urgent call for action by all countries – developed and developing – in a global partnership. This agenda for sustainable development has been adopted by all United Nations Member States in 2015, providing a shared blueprint for peace and prosperity for people and the planet. They recognize that ending poverty and other deprivations must go hand-in-hand with strategies that improve health and education, reduce inequality, and spur economic growth – all while tackling climate change and working to preserve our oceans and forests. At country level the UN SDGs are turned into regulations, impacting industries and their supply chains.

How to integrate the UN SDGs into supply chain management practices and to develop supply chain strategies that are meeting the 17 UN SDGs? These UN SDGs go beyond environmental sustainability and also try to close the inequality gap between developing and developed nations.

UN SDG 1: No poverty

The goal of UN SDG 1 is to end poverty in all its forms everywhere.

Supply chain strategies:

• To work with supply chain partners that give fair wages to its workers. This needs to be audited throughout the supply chain.
• To have procurement preferences or targets to source from suppliers based in low and lower-middle income countries (The World Bank, 2021) against possible higher costs.
• To have production location preferences or targets in low and lower-middle income countries against possible higher costs.

For more information on the implementation of the UN Sustainable Development Goals in your supply chain, please contact our supply chain analysts at info@lbbinternational.com.