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This group facilitates progress according to the company’s environmental impact goals in preparation for B Corporation verification and certification.
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Sourcing % of COGS from Local Suppliers
What % of the following was spent with suppliers located within 200 miles (or 322 km) of where the end product was used during the last fiscal year?
Sourcing of COGS Local to Customers
As per the attached Cost of Goods sold report for 2020 and 2021, all expenditures other than Import Purchases occurred within the company’s country of operations (Nepal).
Import Purchases: 16,091.00
Total COGs: 833,264.08
Total National Sourcing for 2021: 98%
Import Purchases: 666,131.00
Total COGs: 2,823,996.00
Total National Sourcing: 76.5%
Shah Hemp exports 50% of Shiv Craft products, while 100% of Shiv Crete and Shiv Natura customers are from Nepal (within 200 miles across Nepal) of the company’s operations. Therefore, 84% of Shah Hemp total customers are national customers. Of that 84%, approximately 1/3 are more than 200 miles away, and therefore the total local customer percentage for Shah Hemp is 56%.
2021 National COGs (98% of 833,264.08): 816598.79
56% of 2021 National COGs: 457,295.32 (COGs from Local Suppliers Relative to Customers)
Compared to total COGs for 2021 of 833,264.08, 457,295.32 represents 55%
2020 National COGs (76.5% of 2,823,996.00): 2,160,356.94
56% of 2020 National COGs: 1,209,799.89 (COGs from Local Suppliers Relative to Customers)
Compared to total COGs for 2020 of 2,823,996.00, 1,209,799.89 represents 43%
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