This is done by mapping materials and processes in the entire chain, right from farms, forests and mines to individual factories and customers. Sensors and data analytics are important enablers in helping companies to move efficiently and affordably to account for the environmental and social impacts of their materials and products. Traceability improves product sourcing, reduces costs and ensures a good output.
Further, the rapid growth of third parties to verify the provenance of products and raw materials is another contributing factor in the move towards more sustainable business practices.
Green sustainable supply chains and green logistics increasingly focus on
- Sustainable Sourcing
- Green Materials
- Reverse Logistics
- Low carbon vehicles for transportation
- On-demand production
- Low energy consumption and smart buildings
- Green certification
The Responsible Business Rankings has clearly identified an increasing trend towards green supply chain initiatives.
The focus should be on innovations and design that can fundamentally alter the way things function together. This implies a cross-functional approach that requires integrated planning across business departments, such as product or service design, manufacture, distribution, finance and marketing.
The business of the future will move from resource efficiency to resource neutrality.