How Employee Wellbeing Can Impact your Supply Chain

May 23, 2024

For every business, supply chain management is a critical component of success. However, one often overlooked aspect that can significantly impact your supply chain is the health and wellbeing of your service providers and contractors.

Without ensuring the health and wellbeing of these essential workers can lead to a ripple effect of consequences, including supply chain disruptions, decreased productivity, minimised efficiency, and even damage to your company’s reputation.

Ensuring the wellness of your service providers is vital to the success of your business. 1.8 million working people suffering from a work-related illness, of which 875,000 workers suffering work-related stress, depression or anxiety. If your service providers become stressed, not only could this cause supply chain disruptions, but it could also decrease overall productivity across your business.

Webinar Replay

Thursday 27th June 2024 | 1-2pm GMT
In this webinar our speakers discussed the importance of employee wellbeing for business success. They covered:

🎤 The Business Case for Employee Wellbeing
🎤 The Benefits of Effective Wellbeing
🎤 Importance of a Strategic Wellbeing Programme
🎤 Real life examples

Our speakers were Scott Anderson and Stuart Chambers, who provide their own unique industry insights on the topic with your questions answered at the end.

💡 View The Webinar

The domino effect of poor health and wellbeing issues

When service providers and contractors struggle with health and wellbeing challenges, it can manifest in various ways that directly impact their work performance. Stress, anxiety, and depression can lead to absenteeism, presenteeism (being physically present but mentally disengaged), and a general lack of focus and motivation. These issues can result in delays, errors, and mediocre service delivery, ultimately causing disruptions in your supply chain.

Moreover, poor health and wellbeing can contribute to high turnover rates among your suppliers and contractors.

Losing experienced and skilled workers can be costly, as it takes time and resources to recruit and train replacements. This instability can further exacerbate supply chain disruptions and negatively impact your business operations.

What is the ripple effect on your business?

According to HSE, 35.2 million working days are lost due to work-related illness and workplace injury. So, as you can imagine, the consequences of poor health and wellbeing in your supply chain extends beyond operational challenges. A disrupted supply chain can lead to dissatisfied customers, missed deadlines, and potential financial losses.

The suppliers and contractors that your business works with are the face of your company. That means that if one of your service providers disrupts the supply chain, it not only reflects poorly on them, but also your business. Supply chain management (SCM) software plays a vital role in preventing supply chain disruptions.

Internal and external stakeholders want to trust that your supply chain is flawless and efficient. If your investors and long-term clients feel that your suppliers and contractors could slow or hinder the supply chain, they are more likely to pull out.

Additionally, if your suppliers or contractors are unable to meet their obligations due to health-related issues, it can damage your company’s reputation and credibility in the market.

Investing in Health and Wellbeing: A Proactive Approach

Recognising the importance of health and wellbeing in your supply chain is the first step towards mitigating these risks. By taking a proactive approach and investing in the well-being of your service providers and contractors, you can foster a more resilient and reliable supply chain.

One effective strategy is to encourage and support the implementation of employee wellness programs among your suppliers and contractors. These programs can offer a range of benefits, such as access to a range of health and wellbeing resources.

By prioritising the mental and physical well-being of their employees, your suppliers and contractors can cultivate a healthier and more productive workforce.

As a Prosure360 member, our service providers benefit from a 10% discount off Optima Health (OH&W) products and services. Optima health allows businesses to support their suppliers and contractors to thrive with occupational health expertise, helping to:

Improve sickness absence.
Reduce costs.
Access expert manager support.

Ensuring the wellness of your service providers is vital to the success of your business. So, by supporting your suppliers and contractors with occupational health expertise, you could boost productivity and efficiency across your business.

What is the result of providing wellbeing support to service providers?

By providing access to these resources, or partnering with an organisation who does, you demonstrate your commitment to the well-being of your suppliers’ and contractors’ employees. This helps foster stronger and more collaborative professional relationships.

At Prosure360, we understand the importance of a healthy and resilient supply chain. That’s why we partner with a range of companies who can support your business and service providers.

Our partnership with Optima Health is especially beneficial in helping businesses to access on-demand expertise. By prioritising service providers’ well-being, we aim to minimise supply chain disruptions, enhance productivity, and foster long-lasting partnerships built on trust and mutual success.

In the intricate web of supply chain management, the health and wellbeing of your service providers and contractors should never be overlooked. By investing in their well-being through wellness programs, occupational health services, and supportive initiatives, you not only mitigate the risks of supply chain disruptions but also cultivate a more productive, efficient, and reliable network of partners.

Focusing on improving health and wellbeing is not just a matter of corporate responsibility; it’s a strategic investment into the long-term success of your business.