Sustainability is the concept associated with processes that enable us to fulfill our needs without putting the future generations in any danger. This is performed by managing the social, economic and environmental factors that somehow are effect the the production and distribution of goods and services to the potential market. This is done by fostering environmental protection, innovation and risk minimization. Over the recent period of time, most of the businesses have made pledges to abide by regulations of maintaining the sustainability of supply chains. As you can not completely trade off sustainability for profitability.
It would not be wrong to say that supply chains are the main drivers of the global economy in today’s world, as the distribution of things takes place through these networks around the globe. And to achieve corporate sustainability, sustainable supply chain is a must, which can be achieved by ensuring the following points:
1. Figure Out Sustainability Loopholes within Your Supply Chain
To achieve a sustainable supply chain, first you need to discover the loopholes present in the existing supply chain that needs to be improved. Some elements will be evident while others will be difficult to find immediately. Certain mostly found issues include the production of dangerous elements by the company, or the poor working conditions of the workers. Finding a solution to all these problems can be a significant start to achieve the goal of sustainable supply chain.
2. Build a Circular Supply Chain
The circle of supply chain starts with the use of raw material in the process of production. Initially raw material is shipped to the manufacturer. Once the manufacturing of a product is complete after passing through different phases, the end product is distributed to the wholesalers that will offer you pillow boxes wholesale option. The next step is the movement to the final destination where customers can access it. The product is thrown away after its useful life is completed. However, the circular supply chain focuses on reducing the wastage of products by introducing a new step of recycling a product and then sending it back to the manufacturer to reuse it again.
3. Team-Up with Sustainable Suppliers
Any business can operate successfully by keeping the environmental and social responsibilities in focus. As a business operates in confluence with many other businesses that are your partners as well to maintain a supply chain. If your business partner is somehow not complying with the regulations, then they can have a dangerous impact on your company’s overall environmental score and brand image.
Some businesses purchase raw material from third world countries and install their manufacturing units in third world countries as they have less or no environmental and other regulations. Some businesses are involved in disposing off their wastes into the air or nearby water bodies and ultimately contaminating them. While some are involved in employing child labour to avoid huge costs. Therefore choose your business partners wisely.
The sustainable supply chain is the need of the hour not only for the environment, humanity but for the businesses themselves. To achieve the objectives businesses must comply with the regulations set by the United Nations as a part of corporate social responsibility.