There isn't a single person in the plastics industry who hasn't been regularly bombarded with concerns from all sides about the environmental costs of plastic production and use. But a new study takes some of the sting out, finding the environmental cost of using plastics in consumer goods and packaging is nearly four times less than replacing plastics with alternative materials.
Over the years, retailers have become very good at the supply chain - the process of getting goods from the manufacturing plant to the customer. But today, many retailers face a different challenge: taking those goods back, a process referred to as the "reverse supply chain."
While diesel engines remain the norm in shipping, competitors like LNG are becoming both more feasible and more available. Part of the reason is the rapid expansion of Sulfur Emission Control Areas (SECAs) across North America and Europe. So the critical question becomes: Does "green" propulsion allow the merging of economic efficiency with environmental benefits, or is it just another compliance cost for the shipping trade?
Corporate sustainability disclosure and reporting is now the norm for large-cap companies in the U.S., according to a Governance & Accountability Institute report.
There's one qualification - and I would go so far as to say that it's the defining qualification for today's supply chain leaders - that separates the highest performers from the herd. And that's courage.
Companies are increasingly embedding sustainability resources into their supply chain organizations. The latest State of the Profession report from GreenBiz, which examines how the role of sustainability executives has evolved over the years, shows a growth in supply chain sustainability efforts.
"Greening" your company, via any number of means, obviously brings multiple benefits to the physical environment. But while going green may be the responsible thing to do, many companies shy away from these sustainability measures. The reason is their (common) misconception that the costs will outweigh any benefit, that there is no bottom-line value in environmentally responsible business practices. In fact, this belief may be false, because setting a green path can often improve your bottom line.
It wasn't exactly a cast of thousands. But when The Volvo Group set out to slash energy usage at its North American manufacturing plants, it called on a wealth of partners from both the private and public sectors for help.
The latest news, analysis, trends and solutions for sustainability and corporate social responsibility (CSR) and their impact on supply chain management. New customer expectations for green and ethical products and practices are transforming the way companies do business — and requiring more supply chain transparency than ever before. As solutions continue to evolve, businesses are discovering new ways to increase efficiency and cut costs. Learn how companies around the world are leveraging sustainability and CSR to stay ahead of the competition in their industries.
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