What are the Latest Trends in Sustainable Supply Chain Management?
With changing trends in technology, business environment, and ever-evolving customer demands there is an urgent need to improve the supply chain. Ways are being introduced to integrate sustainability in the supply chain to improve management.
The important trends that are evolving in the supply chain processes are:
Improving efficiency
Efficiency/Eco-efficiency refers to the process of reducing the negative impact on the environment. Green logistics drives eco-efficiency in the supply chains and this is ensured by consuming or utilizing less non-renewable sources of energy. The objective is to minimize the waste and maximize the value.
This can also be done by adopting a cleaner mode of transportation.
Making use of clean equipment such as moving from diesel to hybrid or electric vehicles.
Improving and redesigning the load planning and product packaging to reduce the GHG emissions.
Maintain focus on operational efficiency and excellence in terms of environmental impacts.
Focussing on increasing the share of renewable resources and reducing the consumption of raw materials.
Focus on designing products with objectives of how to improve their lifetime, and recover or revamp the products at the end of their lifetime.
Technology Utilization for transparency in Supply Chain
It is important to provide consumers not just environment-friendly products but also be transparent about the processes & technologies. Some companies have started looking for technologies such as the Internet of Things, Artificial Intelligence, and blockchain to benefit in the seamless execution of the supply chain processes.
These technologies are a great solution when dealing with a complex environment, multiple parties, and ecosystems. These technologies help develop a high level of trust among the different stakeholders.
Integrating the technology with eco-efficiency can help optimize the environmental impact of the supply chains. It can help predict the customer demands more accurately
Development of Resilient Supply Chains
There is a need for more agile and resilient supply chains which helps cope up with external factors. It helps manage risk as it allows your business to prepare in advance about unexpected events. Many organizations focus on the climate changes like reducing GHG emissions, prioritizing the long-term benefits, and moving towards adaptation.
It is advised that the approach of risk management and planning must be applied to other areas of the risk parameters, including the tariffs, regional geo-political issues including the Pandemic, etc.
To deal with such situations, it is always recommended that businesses must focus on building resilient supply chains like conducting an end-to-end supply chain assessment, agile planning, etc.
The business environment is changing very fast and supply chains have reached the edge of constant risk disruption while shifting from customer demands to threats. Henceforth, technology, resilience, and eco-efficiency are only opportunities that can help businesses tackle supply chain processes and develop sustainability. If you are looking for a supply chain management consulting firm, then get in touch with a reliable organization.
There are several organizations offering support for the SAP processes and if you are looking for advanced solutions then get in touch with a Business consulting company in Germany. SCPLAN consulting is one of the best consulting firms offering support for the implementation of the seamless execution of the processes. Let your business grow and achieve unprecedented heights like never before.
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