Post by account_disabled on Feb 22, 2024 4:13:11 GMT -5
The COVID-19 pandemic has tested the resilience of global supply chains; but it is by no means a final exam. The long-term challenge of climate change will continue to put pressure – for the foreseeable future – on all related activities in and around the company's operations to deliver products or services, according to Sustainable Brands (SB).
In the last year alone, flooding in Europe and Asia, wildfires in California, and freezing temperatures in Texas shut down major parts of the supply chain. Added to the above, with the ongoing war between Russia and Ukraine – together they contribute around 29% to the global wheat export market – it is difficult to imagine that a product or the interruption in global manufacturing of a wide range of sectors are not affected in the short term. So how can brand strength address this issue?
Supply Chain Sustainability
For many companies, the supply chain, understood as the coordinated network of all companies, facilities and activities involved in the development, manufacturing and delivery Iran Mobile Number List of products and/or services, is one of the most vulnerable links in sustainability . but you can find strength from the brands.
This comes at a time when more customers, employees and investors have expressed concern and pressure for companies to demonstrate greater social and environmental responsibility . Supply chain sustainability has therefore become a key corporate objective, from raw material sourcing to production, storage, delivery and every transport link in between.
While the goal is to minimize environmental damage such as energy use, water consumption and waste production while having a positive impact on the people and communities in and around the operations. Added to these concerns are the interruptions that many brands can suffer when a link in their supply chain fails.
Responsible business practices
Research shows that for most companies, when one of their suppliers “fails,” they look for ways to replace them. However, cutting “weak links” in the supply chain does not allow companies' operations to better adapt to emerging changes.
In most cases, brands lack an in-depth analysis of their global supply chain, particularly with tier 2 and 3 suppliers—the terms indicate the commercial distance in the relationship between the manufacturer and the supplier. As a result of the distance between these links, the challenges they present are rarely exposed until a problem arises. Furthermore, even knowing that climate change is real, it is difficult to predict what its impact will be and where.
Although there are Geographic Information Systems (GIS) and weather models that can provide early warning, few companies use this data to make supply chain decisions today. Likewise, switching suppliers frequently carries its own risks for the long-term supply chain.
In the last year alone, flooding in Europe and Asia, wildfires in California, and freezing temperatures in Texas shut down major parts of the supply chain. Added to the above, with the ongoing war between Russia and Ukraine – together they contribute around 29% to the global wheat export market – it is difficult to imagine that a product or the interruption in global manufacturing of a wide range of sectors are not affected in the short term. So how can brand strength address this issue?
Supply Chain Sustainability
For many companies, the supply chain, understood as the coordinated network of all companies, facilities and activities involved in the development, manufacturing and delivery Iran Mobile Number List of products and/or services, is one of the most vulnerable links in sustainability . but you can find strength from the brands.
This comes at a time when more customers, employees and investors have expressed concern and pressure for companies to demonstrate greater social and environmental responsibility . Supply chain sustainability has therefore become a key corporate objective, from raw material sourcing to production, storage, delivery and every transport link in between.
While the goal is to minimize environmental damage such as energy use, water consumption and waste production while having a positive impact on the people and communities in and around the operations. Added to these concerns are the interruptions that many brands can suffer when a link in their supply chain fails.
Responsible business practices
Research shows that for most companies, when one of their suppliers “fails,” they look for ways to replace them. However, cutting “weak links” in the supply chain does not allow companies' operations to better adapt to emerging changes.
In most cases, brands lack an in-depth analysis of their global supply chain, particularly with tier 2 and 3 suppliers—the terms indicate the commercial distance in the relationship between the manufacturer and the supplier. As a result of the distance between these links, the challenges they present are rarely exposed until a problem arises. Furthermore, even knowing that climate change is real, it is difficult to predict what its impact will be and where.
Although there are Geographic Information Systems (GIS) and weather models that can provide early warning, few companies use this data to make supply chain decisions today. Likewise, switching suppliers frequently carries its own risks for the long-term supply chain.