This archive report was first published on 16 July 2019.
On July 16, 2019, the Kenya Institute of Supplies Management (KISM) hosted the International Federation of Purchasing and Supply Management (IFPSM) Summit in Mombasa, Kenya.
The event brought together procurement and supply chain management professionals from around the world to share knowledge and experiences.
Sustainable procurement is a business practice that meets the needs of companies while being environmentally friendly, responsible, and ethical.
Companies adopting sustainable procurement consider the lifecycle costs of a product, including acquisition, maintenance, and disposal, to make long-term decisions that benefit all stakeholders.
They also prioritize fair trade companies and avoid products produced by exploitative labor or environmentally irresponsible producers.
Supply chain sustainability is integral to sustainable procurement, and companies are increasingly held accountable for their environmental and social impact by customers and the public.
The IFPSM World Summit is an annual global event that provides a platform for professionals to exchange knowledge and experiences.
This year's summit, held in Mombasa from September 10-13, 2019, featured world-renowned speakers who shared insights on new global trends in sustainable procurement and supply chain management.
