Provide chain consultancy GEP joins WEF as a companion
The global supply chain consultancy GEP has joined the World Economic Forum (WEF) as a partner and thus belongs to a renowned list of consulting firms such as McKinsey & Company, BCG, Deloitte and Marsh McLennan.
As one of the most prominent nonprofits in the world, the WEF acts as a meeting point for business and public sector efforts worldwide – facilitating high-level meetings, conducting in-depth collaborative research, and working with corporations and consultancies to advance business, government and business Society.
An integral part of the global agenda for the next few years is to reinvent supply chains and align them with broader considerations of social and environmental responsibility. Armed with over two decades of supply chain transformation experience, New Jersey-based GEP will now work with WEF to support this change on a global scale.
A GEP statement explained how global supply chains are currently geared towards conventional business goals such as cost savings and performance – with little transparency about waste, emissions, inclusivity and ethics. With advanced technologies like AI and machine learning at the center of decision-making, this one-dimensional approach threatens to intensify.
GEP has expertise in supply chain practices and advanced technology – and leverages this combination to ensure supply chains operate in accordance with global fair trade values; Support minority businesses; and protect the environment.
According to GEP co-founder and CEO Subhash Makhija, similar principles will shape the company’s collaboration with the WEF – with an emphasis on better accountability and transparency systems to pave the way for more responsible behavior.
“Without strong leadership, technologies like AI and machine learning have the potential to do great benefits and great harm to the important environmental and social goals we have set for ourselves in the global business world – perhaps especially in the supply chain,” Makhija said.
“It is imperative that we provide leadership skills to guide companies in supplier selection in order to promote sustainability, diversity and ethical practices and value,” he concluded.