To get started, reach out: info@taigacompany.com
A sustainable supply chain is basically a supply chain that is as free from risk as possible and far less likely to cause a negative impact on people or the planet as possible.
The key to successfully setting up a sustainable supply chain is building trust between your business, your suppliers, and your customers. Obviously, if you don’t currently have a sustainable supply chain for your business, this will mean investing some time and money into improving your processes, but it will be worth it in the end because there are numerous benefits to sustainable supply chains, including the following:
Perhaps, the biggest benefit of sustainable supply chains is the fact that they will help your business avoid reputational damage. You won’t need to worry about finding the best lawyers for mining accident cases , for example, because you will be using sustainable energy rather than fossil fuels, and you won’t need to worry about customers turning away from you because of the environmental impact of your business, because you will be using sustainable soy or bamboo or whatever. It really is that simple, and at a time when more people are turning to sustainable brands than ever before, it is also really important!
Another huge benefit of using a sustainable supply chain for your business is the fact that taking measures to cut your carbon footprint can also cut your operational costs significantly too, thus saving the planet and saving money at the same time.
One very clear example of this is Walmart who made a pledge to cut its greenhouse gas emissions by 20 million tons annually. After doing this, they realized that it equated to roughly 95 percent of their whole carbon footprint, and in their efforts to meet this ambitious target, working with sustainable suppliers, in 2016 alone, there able to save $12.4 billion. That’s huge!
When you use more sustainable supply chains , you’re far less likely to have problems with the continuity of your supply chain because things like natural disasters are less likely to affect your suppliers than they are suppliers who use fossil fuels and other polluters.
When you switch to a sustainable supply chain, you are able to change the vision for your whole business and look at everything you do in a different light. Thinking about ways to make your business greener forces you to think differently full-stop and this can lead to some amazing innovations that you would never have dreamed up otherwise.
As we mentioned above, customers care about sustainability now more than they have ever done before. This means they are actively looking for companies that use sustainable practices and materials as a matter of course, If you can meet their requirements, you could beat the competition and make a lot more money as a result.
Sustainable supply chains are the future so what are you waiting for?