“It takes a community”: Enabling SME resilience in FMCG supply chains
Overview
Businesses in Southeast Asia face compounding issues of climate change, regulatory shifts and increasing economic pressures against the backdrop of global geopolitical uncertainties.
As businesses race to adapt to these changes, 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.
SMEs are often limited in resources and influence relative to multinational buyers (MNCs) and downstream stakeholders, yet their ability to adapt and thrive in the face of shifting external pressures is not just a matter of the survival of individual businesses but will ultimately determine the broader industry’s collective resilience and sustainability.
The Centre for Impact Investing and Practices (CIIP) and PwC Singapore have collaborated to develop an introductory report to shed 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 small and medium-enterprises, 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. In addition, this report outlines principles and approaches for stakeholders to help strengthen supply chain resilience and sustainability.
The primary goal of this overview is to provide an introduction to the highly complex and multidimensional nature of the sustainability challenges that affect FMCG SMEs in Indonesia, Malaysia, and Singapore. Through this introductory report, we aim to identify key areas and efficiencies for further investigation and investment that will bridge the gap between the current capacity and future necessities of the industry in this region.
Download “It takes a community”: Enabling SME resilience in FMCG supply chains here.