Our Robust and Responsible Supply Chain
At Minakem, we understand that a strong and resilient supply chain is crucial to delivering high-quality products and maintaining consistent service for our customers. We prioritize proactive risk management, responsible sourcing, and strategic partnerships to ensure the reliability and sustainability of our supply chain.
Mitigating Supply Chain Risks
We employ a comprehensive approach to supply chain risk management, focusing on proactive identification and mitigation of potential disruptions. Key elements of our strategy include:
Diversification of Raw Materials
and Packaging
We actively diversify our sources of raw materials and packaging to reduce reliance on any single supplier or region. This strategy minimizes the impact of potential disruptions such as geopolitical events, natural disasters, or supplier-specific issues.
Regular Risk Assessments
We conduct thorough risk assessments once a year to identify potential vulnerabilities within our supply chain. These assessments consider a wide range of factors, including supplier performance, geographical, environmental and sustainability considerations, according to our Responsible Purchasing Policy.
Supplier Scorecard and Dual Sourcing
We utilize a robust supplier scorecard system to evaluate supplier performance across key metrics such as quality, delivery, compliance and CSR. Our dual-source strategy for critical materials further mitigates risk by ensuring alternative supply options.
Strategic Safety Stock
We maintain a safety stock policy for key materials, held either at our facilities or at our suppliers’ locations. This buffer helps us to maintain production and meet customer demand even in the face of unexpected supply chain challenges.
Responsible Purchasing:
A Shared Commitment
We are committed to responsible purchasing practices and believe in building strong, collaborative relationships with our suppliers. Our commitment is formalized through a Responsible Purchasing Charter, co-signed with our suppliers, which outlines our shared expectations in the following key areas
Environmental Efforts
We encourage our suppliers to implement sustainable practices and minimize their environmental impact.
Health and Safety
We prioritize the health and safety of workers throughout our supply chain and expect our suppliers to maintain safe working conditions.
Ethics
We expect our suppliers to conduct business with the highest level of integrity and ethical conduct.
By prioritizing risk management, diversification, and responsible purchasing, Minakem ensures a reliable, sustainable, and ethical supply chain that supports our commitment to delivering exceptional products and services to our customers.