Economic Impact Analysis
Corporate supply chains can change communities. The suppliers you select and how much you spend with them has an impact way beyond what can be seen via supply chain performance. In this era of increased corporate social responsibility, translating how spending with suppliers impacts local communities, states, or congressional districts where the company operates is valuable supply chain data. This information may be used when interacting with federal, state, or local governments agencies, communicating with emloyees or community organizations. and corporate social responsibility reporting.
Key metrics derived from an economic impact analysis include the number of jobs created and/or sustained, total payroll, contribution to Gross Domestic Product, and overall total economic impact (direct, indirect, and induced). If you are interested in identifying the extended impact of your supply chain, we can assist.