GBL Ventures launched the event series “Bridge to Action” with the event “Decoding Labor Challenges in an Evolving Global Supply Chain”. The series aimed to bridge the gap between ideas and actions for sustainable change through a deeper dive into the multi stakeholder perspectives around labor challenges. The inaugural virtual event featured industry experts from manufacturing and related segments. The event was moderated by Mamta Pimoli, Associate Director at Good Business Lab and head of the Ventures vertical.
| Title: Decoding Labor Challenges in an Evolving Global Supply Chain
| Date: August 3rd 2023
Focused on understanding the business perspective behind labor challenges in manufacturing and what needs to be done for mitigation, the discussion touched upon key ideas including: brand-supplier dynamic, industrial relations, operational efficiency, and the need for upskilling.
Key Insights from the Event
- The socio economic influence of local conditions on labor challenges need to be accounted by companies when looking to work with suppliers across various regions – this includes recognizing and respecting the needs, values and beliefs of the community in order to boost worker loyalty and foster better company and worker dynamic
- Labor challenges are intertwined with operational challenges and require businesses to relook at their planning and the design of systems to ensure smooth running without putting excessive pressures on workers
- Lack of awareness and resources is currently one of the biggest hurdles in preventing the widespread adoption of sustainability focused solutions – Brands, especially those with a global standing, need to take a collaborative approach with suppliers and manufacturers to provide the knowledge and resources that help partners meet compliance standards and go beyond those to further normalize sustainable business practices within the organization
Panelists:
Kanishk Negi
Kanishk, is an acclaimed leader in sustainability and supply chain management. His pioneering initiatives, such as The Zero Carbon Project, have garnered global recognition, including the prestigious World Sustainability Award. His former roles include leading ABB Ltd’s supplier sustainability program and consulting at Ernst & Young, solidifying his reputation as a sustainability expert. Recognitions like the Supply Chain Sustainability Leader by the Institute of Supply Chain Management and the 40under40 Super Achiever award attest to his impact. In addition, Kanishk contributes to academia, such as advocating for sustainability in business education at the Indian Institute of Corporate Affairs.
Maj Gen Ramakrishnan (Retd)
Maj Gen Ramakrishnan (Retd), the VP of People Management at Texport Industries Pvt Ltd, applies over four decades of military service and strategic business development experience to his leadership role. His focus is on sustainable HR solutions for the garment manufacturing sector. With a solid academic foundation from Osmania University, IIT Delhi, and MDI Gurgaon, he brings well-rounded dynamism to his role. His invaluable insights into labor management transformation in the global supply chain underscore his commitment to strategic growth and sustainable practices.
Nagarajan Chandru
Nagarajan is a distinguished leader in the renewable energy manufacturing sector, bringing in an exceptional blend of sales, procurement, and supply chain management skills. His business acumen has led to a phenomenal achievement of 100 million in sales over the past five years, driving considerable business growth. At AMS Technologies, Nagarajan’s strategic foresight has been a game-changer. He has played a pivotal role in expanding the company’s international reach, broadening its global footprint. Nagarajan’s remarkable understanding of global market dynamics and proven ability to drive sales growth cements his status as a frontrunner in the renewable energy manufacturing sector.
Mamta Pimoli
With an enriching five years of experience across various facets of the development sector, Mamta stands as an inspiring leader in the field. She has demonstrated expertise in program implementation, building strategic partnerships, fundraising, and conducting meaningful research. At Good Business Lab, she has played a pivotal role in improving worker well-being and driving positive business outcomes, showcasing a deep commitment to addressing labor challenges. Her current position as the Associate Director (Ventures) at GBL further underscores her innovative approach. Here, she leads the charge in initiating a technological transformation to resolve workplace issues, particularly those affecting low-income, underserviced workers.
Got queries? Don’t hesitate to reach out at ventures@goodbusinesslab.org.
