Product details

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Published by: MIT Sloan School of Management
Originally published in: "MIT Sloan Management Review", 2023
Length: 6 pages
Topics: Operations

Abstract

Because of the way raw materials such as iron ore, copper, and aluminum are produced and sold, most consumer-facing manufacturers don't know much about the provenance of what goes into their products. What's needed is a market for responsibly produced commodities - akin to the already robust systems in place for coffee and chocolate. The tools exist to build such a market, which would reward transparency and encourage environmental justice.

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Abstract

Because of the way raw materials such as iron ore, copper, and aluminum are produced and sold, most consumer-facing manufacturers don't know much about the provenance of what goes into their products. What's needed is a market for responsibly produced commodities - akin to the already robust systems in place for coffee and chocolate. The tools exist to build such a market, which would reward transparency and encourage environmental justice.

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