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How Can We Build a Sustainable...We all have shared responsibilities towards the environment and must do everything that is in our hands to make this world a better place. As a business owner, you may not realize that your logistics have a huge impact on the environment. But that doesn’t mean that we stop doing any kind of trade or business altogether.
Rising concerns about the negative environmental impact of running a business have made business owners look for ways to build a sustainable supply chain. But does a sustainable supply chain mean that we trade fewer goods? Or is there any other method through which we can build a sustainable supply chain? Let us find the answers to these questions.
A sustainable supply chain doesn’t mean that we trade fewer goods. This term essentially refers to a system in which the supply chain is managed in a way that integrates ethical practices to achieve environmental sustainability.
From sourcing the raw materials to the last mile of logistics, every step must prioritize ethical practices and consider the environment's well-being to achieve a sustainable supply chain.
The United Nations Global Compact has ten practices that ensure a sustainable supply chain. These practices include areas concerning environmental responsibility, fair labor practices, protection of human rights, and non-corruption.
Having a sustainable supply chain is the need of the hour. So, how do we build one? Let's find out.
A company’s logistics have a huge impact on the environment. This is why opting for sustainable or green logistics for your business is important. You need to know that sustainable logistics don’t mean that you have to compromise on your customer’s satisfaction.
You can ensure that the supply chain is completed within the stipulated timeframe while also being environmentally sustainable. Here are a few ways you can build sustainable logistics:
A circular supply chain ensures that the raw materials are used to their full potential before letting them go to waste immediately. In a circular supply chain, manufacturers either refurbish the goods to resell them or reuse raw materials such as plastic, cardboard, steel, paper, glass, or any other metal. To build a circular supply chain, focus on the following:
Building a sustainable supply chain can never happen in isolation. A company that values sustainability needs the support and commitment of its entire organization.
To this end, you need to educate your employees and other stakeholders about the importance of sustainability. For this, follow the suggestion mentioned below:
A sustainable supply chain is not only good for the environment but also has several other benefits. First, you lower manufacturing costs since you don’t have to procure raw materials and simply recycle materials that are already in use. This is particularly useful if your raw materials are subjected to high price fluctuations. Moreover, customers always prefer a brand that practices sustainability over any other brand. So, this way, you, the environment, and your customers win when you focus on building a sustainable supply chain.