Despite its benefits, there are several challenges associated with sustainable sourcing. These include:
1. Cost Implications: Initially, sustainable products may appear more expensive. However, leaders should focus on the long-term benefits and cost savings.
2. Complex Supply Chains: Managing sustainability across complex and global supply chains can be daunting. It requires robust supply chain management and transparency.
3. Regulatory Compliance: Different regions have varying regulations regarding sustainability. Keeping up with these can be challenging but is crucial for compliance and avoiding legal issues.