For a Sustainable Supply Chain, Go Green
Supply chain sustainability is one of the top priorities of global organizations due to stringent regulations, persistent media and academic attention, and increasing shareholder and customer expectations. In a series of blogs, our experts discuss how companies can reduce their carbon footprint and ensure environmental compliance.
Black and White of Green Procurement: Role of procurement professionals
Sourcing and procurement play a pivotal role in greening the supply chain. Sourcing offers several opportunities for a green environment. One such opportunity is to increase the percentage of recyclable components in the manufactured product. Procurement's success in reducing carbon footprint depends largely on an organization's ability to influence the suppliers.
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Hasn't it always been about sustainability?
Global organizations have embraced environment sustainability initiatives like never before. Supply Chain Management (SCM) is perhaps the primary choice for companies hoping to realize benefits from green initiatives. SCM offers great potential for green initiatives in green sourcing, logistics and transportation optimization, packaging, warehouse management, inventory reduction, asset maintenance and product design.
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Are Green Supply Chains here to stay?
A recent McKinsey report talks about the need for companies to make consumers walk the green talk. Enterprises need to play a leading role in the green movement in order to shape their market opportunities. This will also make consumers buy more green products. Recession might delay the momentum of sustainability cycle. But considering that the green seeds are sown and are germinating well, the cycle has indeed started.
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