As far as trends in supply chains go, sustainability is by far one of the most discussed topics this year. Governments and businesses all over the globe have begun to realize the importance of sustainability initiatives, so that we can have an optimistic future moving forward. People now expect businesses to do their part in […]
From plastic bottles to Styrofoam to shrink wrap, plastic packaging is a big part of many supply chains, especially for companies in the consumer-packaged goods sector. And all that plastic has serious environmental consequences. Producing it generates nearly a gigatonne of greenhouse gas emissions each year. And it’s a major source of air pollution, since […]
It’s no surprise that plastic packaging has serious consequences for the environment due to the high volume that ends up in our oceans and landfills, and the fact that plastic can take 1,000 years to degrade naturally. Today, plastic pollution is growing relentlessly, and recycling efforts are falling short. Only 9% of plastic waste in […]
According to McKinsey, the typical consumer supply chain accounts for over 80% of greenhouse gas emissions and more than 90% of the impact on air, land, water, biodiversity and natural resources. The triple bottom line is a system of measurement that evaluates the financial, social, and environmental performance of a business. This system has become […]
What is Triple Bottom Line? The Triple Bottom Line is a crucial concept for businesses to understand and embrace. It’s a challenge for many companies to look beyond the traditional “bottom line” of profit margin and recognize that their impact goes further than financial performance. By adopting a Triple Bottom Line approach, firms acknowledge the […]
Reducing inventory waste can have significant economic, social, and environmental impacts on businesses. But how can companies tackle this issue? One way to address this issue is by adopting a Triple Bottom Line (TBL) approach to inventory management. In this post, we will discuss the three pillars of TBL and explore how they are linked […]
What is a Sustainable Supply Chain Supply chain sustainability involves companies taking into account the environmental and social impacts of their product’s journeys through the supply chain, including raw material sourcing, production, storage, delivery, and transportation links. The objective is to reduce environmental damage caused by factors such as energy consumption, water usage, and waste […]
Sustainability isn’t just a trendy buzzword. It’s a movement towards creating a better future for our planet and all those who inhabit it. And one of the key players in this movement? Supply chain management. Yes, that’s right, our everyday shopping habits and business practices have a direct impact on the health of our environment. […]
Did you know that 29,000 metric tons of plastic are discarded each year? On top of that, it’s difficult for manufacturers to measure and reduce waste in support of their sustainability targets. What’s Packaging Waste? The packaging footprint refers to the environmental impact of the packaging materials and processes used to create and distribute a […]
