Future of Sourcing - Sustainable Supply Chains https://futureofsourcing.com/tags/sustainable-supply-chains en The Growing Business Criticality of a Sustainable Supply Chain https://futureofsourcing.com/the-growing-business-criticality-of-a-sustainable-supply-chain <div class="field field-name-field-image field-type-image field-label-hidden"><div class="field-items"><div class="field-item even" rel="og:image rdfs:seeAlso" resource="https://futureofsourcing.com/sites/default/files/articles/Copy%20of%20FoS%20Header%20Images%20%2862%29.png"><a href="https://futureofsourcing.com/sites/default/files/articles/Copy%20of%20FoS%20Header%20Images%20%2862%29.png" title="Sustainable Supply Chain" class="colorbox" rel="gallery-node-1794-AQaCBh4E670"><img typeof="foaf:Image" src="https://futureofsourcing.com/sites/default/files/styles/juicebox_medium/public/articles/Copy%20of%20FoS%20Header%20Images%20%2862%29.png?itok=rSkbupr2" width="624" height="325" alt="Sustainable Supply Chain" title="" /></a></div></div></div><div class="field field-name-field-intro field-type-text-long field-label-hidden"><div class="field-items"><div class="field-item even"> <h1>The Growing Business Criticality of a Sustainable Supply Chain</h1> </div></div></div><div class="field field-name-field-related-news field-type-entityreference field-label-above"><div class="field-label">Related news:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/6-tips-to-drive-sustainable-procurement">6 Tips to Drive Sustainable Procurement</a></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even" property="content:encoded"> <p>Environmental and social governance (ESG) and sustainability have quickly transitioned from &ldquo;nice-to-haves&rdquo; to essential components of creating long-term, measurable business value.</p> <p>Private sector leaders are <a href="https://www.businessroundtable.org/business-roundtable-redefines-the-purpose-of-a-corporation-to-promote-an-economy-that-serves-all-americans" target="_blank">starting to advocate for the transition</a> to a stakeholder-based business model, recognizing sustainability and organizational performance aren&rsquo;t mutually exclusive. And investors are realizing EBITA, EPS and CFFO aren&rsquo;t the only measures of success, with ESG metrics being just as important when evaluating companies:</p> <ul> <li><a href="https://www.morganstanley.com/access/why-sustainable-companies-can-outperform?utm_medium=referral&amp;utm_source=ecovadis-whitepaper&amp;utm_campaign=jan20_ungc_sdg" target="_blank">88% of studies</a> found companies adhering to social or environmental standards showed better operational performance, with 80% showing a positive impact on stock performance.</li> <li>Sustainably minded shoppers will <a href="https://www.nielsen.com/us/en/insights/article/2019/sustainability-continues-to-drive-sales-across-the-cpg-landscape/?utm_medium=referral&amp;utm_source=ecovadis-whitepaper&amp;utm_campaign=jan20_ungc_sdg" target="_blank">spend $150 billion</a> on sustainable products by next year. That&rsquo;s $14-22 billion more compared to prior years, pointing to new sales opportunities for businesses that prioritize sustainability in product development.</li> <li>Sustainable supply chain practices <a href="https://www.weforum.org/agenda/2015/03/how-to-create-sustainable-supply-chains/" target="_blank">reduce costs by 9-16%</a> and create a 15-30% increase in brand value. <a href="https://www.unglobalcompact.org/library/5716%20?utm_medium=referral&amp;utm_source=ecovadis-whitepaper&amp;utm_campaign=jan20_ungc_sdg" target="_blank">73% of CEOS</a> report sustainable business builds trust and reputation.</li> <li>Ignoring ESG exposes investments to huge risks and erodes returns. This behavior has <a href="https://www.ft.com/content/3f1d44d9-094f-4700-989f-616e27c89599" target="_blank">wiped out $534bn of </a>valuation in the last five years.</li> </ul> <p>It&rsquo;s also important to note that we&rsquo;re experiencing unpredictable, turbulent times on a global scale. According to Bain &amp; Company, <a href="https://www.bain.com/insights/the-impact-of-covid-19-on-private-equity/">COVID-19 is having a </a><a href="https://www.bain.com/insights/the-impact-of-covid-19-on-private-equity/" target="_blank">significant</a><a href="https://www.bain.com/insights/the-impact-of-covid-19-on-private-equity/"> impact</a> on the private equity industry. As dealmaking and lending activity slows in the months ahead, there&rsquo;s a revitalized importance among PE investors to gauge a target&rsquo;s resilience to supply-chain weakening. Recent research shows that high sustainability performers also outperform the market despite volatility. Now more than ever, sustainability performance in the supply chain will be an indicator of resilience and a source for investor confidence.</p> <p>As the criticality of sustainability and ESG to the business grows, it&rsquo;s crucial that brands leverage the supply chain as a differentiator and value creator.</p> <h2>Bringing Sustainability into the Supply Chain</h2> <p>Businesses are using sustainability to drive change and business strategy for a variety of reasons. Beyond investor pressure, there&rsquo;s also heightened societal demand as climate change poses a more significant threat than ever.</p> <p>A company&rsquo;s supply chain represents a large portion of its sustainability footprint, <a href="https://www.cdp.net/en/research/global-reports/global-supply-chain-report-2019" target="_blank">generating, on average 5.5 times</a> as many greenhouse gas emissions as its direct operations. And with most enterprises spending 50% to 70% of revenue in their supply base, there&rsquo;s plenty of opportunities to foster responsible practices, while simultaneously driving market differentiation, innovation and growth, and more.</p> <p>The globalized nature of today&rsquo;s supply network poses challenges to securing these results. With dozens of touchpoints all over the globe, often in unregulated markets, the supply chain can breed serious hidden risks around forced labor, dangerous working conditions, information security lapses, quality issues, environmental waste, corruption and more. When left unmanaged, the impact of these threats hurt communities -- and the bottom line can take a big hit.</p> <p>Businesses and their supply chains can be a force for good &ndash; and procurement leaders are a critical link between societal and financial impact. By implementing responsible procurement practices and incentives for suppliers, procurement teams can limit exposure to hidden risks and improve supply chain performance, which protects the wellbeing of local communities and directly and positively impacts the business.&nbsp;</p> <p>This networked impact becomes real when the supply base is engaged, and every department within the organization is working together.&nbsp; While procurement holds the cards, creating a more responsible and sustainable supply chain is an organizational effort. Strong executive leadership and clear ESG and sustainability KPIs &ndash; specific goals for carbon footprint reduction, lower energy consumption, responsible labor practices and more &ndash; is foundational for success.</p> <h2>The Intersection of Sustainability, Finance and Supply Chain</h2> <p>As the private sector embraces a new form of capitalism that integrates purpose and corporate accountability, sustainable procurement initiatives are poised to take off globally.</p> <p><a href="https://ecovad.is/2xMLw1q" target="_blank">81% of organization</a><a href="https://ecovad.is/2xMLw1q">s</a> state that over the past three years, their commitments to sustainable procurement have increased. With heavyweights &ndash; like <a href="https://www.ft.com/content/57db9dc2-3690-11ea-a6d3-9a26f8c3cba4" target="_blank">BlackRock, which announced</a> it will assess ESG with the same rigor as traditional measures such as credit and will push companies to disclose climate risks &ndash; and <a href="https://www.reuters.com/article/us-climate-change-coal-banks/british-hedge-fund-billionaire-hohn-launches-campaign-to-starve-coal-plants-of-finance-idUSKBN20P081" target="_blank">Hedge fund TCI</a> &ndash; which launched a campaign to persuade central banks against funding companies that withhold carbon emissions disclosures &ndash; taking a stand, the momentum will only continue.</p> <p>Many companies look to consultancies for guidance during transformative times, and leading firms such as Bain &amp; Company are using ESG and sustainability ratings and intelligence to guide their counsel on corporate strategy, supply chain and procurement. As the latest testament to the business-critical role of ESG, <a href="https://www.bain.com/about/media-center/press-releases/2020/bain-cvc-announce-investment-in-ecovadis/">Bain invested in EcoVadis</a> to deepen their offerings and help clients improve overall sustainability performance by providing insight into risks across the entire supply chain and business commerce activities.</p> <p>&ldquo;Recognizing that social and environmental challenges are growing, timelines for addressing them are contracting, and companies are moving quickly to adapt, Bain &amp; Company is committed to our mission of creating value &ndash; economic, social, and environmental &ndash; for our clients,&rdquo; said Jenny Davis-Peccoud, co-head of Bain &amp; Company&rsquo;s global Sustainability &amp; Corporate Responsibility Practice while announcing the investment.&nbsp;</p> <p>It&rsquo;s evident business success now lies at the intersection of sustainability, finance and supply chain. <a href="https://ecovad.is/2VtenQ8" target="_blank">Companies with mature sustainable procurement programs</a> report more benefits across the board, including 88% risk mitigation, 53% improved procurement metrics, 35% cost savings and 29% innovation &ndash; and all that leads to greater profitability and company valuations, lower cost of capital, and outcomes that benefit stakeholder and society. When sustainability is embedded into strategy and core business practices, the results follow.</p> </div></div></div><div class="field field-name-field-tags field-type-taxonomy-term-reference field-label-inline clearfix"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even" rel="dc:subject"><a href="/tags/sustainability" typeof="skos:Concept" property="rdfs:label skos:prefLabel" datatype="">Sustainability</a></div><div class="field-item odd" rel="dc:subject"><a href="/tags/sustainable-supply-chains" typeof="skos:Concept" property="rdfs:label skos:prefLabel" datatype="">Sustainable Supply Chains</a></div><div class="field-item even" rel="dc:subject"><a href="/tags/environmental-and-social-governance-esg" typeof="skos:Concept" property="rdfs:label skos:prefLabel" datatype="">Environmental and social governance (ESG</a></div></div></div><div class="field field-name-field-addthis field-type-addthis field-label-hidden"><div class="field-items"><div class="field-item even"><div class="addthis_toolbox addthis_default_style " addthis:title="The Growing Business Criticality of a Sustainable Supply Chain - Future of Sourcing" addthis:url="https://futureofsourcing.com/the-growing-business-criticality-of-a-sustainable-supply-chain"><a href="https://www.addthis.com/bookmark.php?v=300" class="addthis_button_linkedin"></a> <a href="https://www.addthis.com/bookmark.php?v=300" class="addthis_button_facebook"></a> <a href="https://www.addthis.com/bookmark.php?v=300" class="addthis_button_twitter"></a> <a href="https://www.addthis.com/bookmark.php?v=300" class="addthis_button_googleplus"></a> <a href="https://www.addthis.com/bookmark.php?v=300" class="addthis_button_pinterest_share"></a> <a href="https://www.addthis.com/bookmark.php?v=300" class="addthis_button_reddit"></a> <a href="https://www.addthis.com/bookmark.php?v=300" class="addthis_button_email"></a> <a href="https://www.addthis.com/bookmark.php?v=300" class="addthis_button_print"></a> </div> </div></div></div><div class="field field-name-field-region field-type-taxonomy-term-reference field-label-inline clearfix"><div class="field-label">Region:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/regions/global" typeof="skos:Concept" property="rdfs:label skos:prefLabel" datatype="">Global</a></div></div></div> Thu, 08 Apr 2021 02:00:00 +0000 Pierre-Francois Thaler 1794 at https://futureofsourcing.com https://futureofsourcing.com/the-growing-business-criticality-of-a-sustainable-supply-chain#comments Why Sustainable Fashion is Key to Supply Chain Sustainability https://futureofsourcing.com/why-sustainable-fashion-is-key-to-supply-chain-sustainability <div class="field field-name-field-image field-type-image field-label-hidden"><div class="field-items"><div class="field-item even" rel="og:image rdfs:seeAlso" resource="https://futureofsourcing.com/sites/default/files/articles/Supply%20Chain%20Sustainability.png"><a href="https://futureofsourcing.com/sites/default/files/articles/Supply%20Chain%20Sustainability.png" title="Supply Chain Sustainability" class="colorbox" rel="gallery-node-1800-AQaCBh4E670"><img typeof="foaf:Image" src="https://futureofsourcing.com/sites/default/files/styles/juicebox_medium/public/articles/Supply%20Chain%20Sustainability.png?itok=hM6TErQi" width="624" height="325" alt="Supply Chain Sustainability" title="" /></a></div></div></div><div class="field field-name-field-related-news field-type-entityreference field-label-above"><div class="field-label">Related news:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/the-growing-business-criticality-of-a-sustainable-supply-chain">The Growing Business Criticality of a Sustainable Supply Chain</a></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even" property="content:encoded"> <p>When considering sustainability in the supply chain, the first concepts that typically come to mind are solutions like green warehouse space or fuel-efficient trucks.</p> <p>Sustainability in the supply chain extends much further than that. In retail, for instance, the clothing and fashion industry have the opportunity to progress through building a more sustainable approach.</p> <p>The current clothing retail climate is somewhat dominated by fast fashion, a practice of mass-producing clothing items cheaply, so they can be sold in the most cost-effective way possible.</p> <p>To make their products this inexpensive, companies typically must hire underpaid workers and forego using clean, innovative materials.</p> <p>Given the current state of the industry and the rise of fast fashion, sustainability will be key to sparking change within the fashion industry in upcoming years.</p> <p>This article will detail three major benefits of moving away from fast fashion in 2020.</p> <h1>Sustainable Fashion Improves Environmental Health and Working Conditions</h1> <p>Sustainable fashion has the potential to have very positive impacts on the planet, both in terms of cultivating greener production practices and introducing labor equality to your procurement processes.</p> <p>For instance, it may be cheaper to use polyester to create clothing. Customers are also used to purchasing goods made using that material. However, because polyester isn&rsquo;t made like cotton or hemp, synthetic materials aren&rsquo;t as good for the planet as other textile options.</p> <p>According to Forbes, polyester clothing items can take up to <a href="https://www.forbes.com/sites/ellevate/2019/10/07/why-sustainable-fashion-matters/#2bd1fb871b8e" target="_blank">200 years to decompose</a>. Your company will be contributing to the betterment of the environment by searching out more innovative, natural fabric options.</p> <p>Currently, the fashion industry accounts for a total of <a href="https://www.harpersbazaar.com/fashion/designers/a30185938/sustainable-fashion-explained/" target="_blank">8% of all greenhouse gasses</a> emitted into the atmosphere.</p> <p>Ridding your production practices of synthetic materials won&rsquo;t necessarily help mitigate climate change on its own. It&rsquo;s recommended that supply chain leaders discover methods of incorporating renewable energy into production mills. This innovation will have a direct effect on carbon emissions.</p> <p>As of now, according to Stand, Earth&rsquo;s fashion climate scorecard, very few companies are in the green on climate change mitigation.</p> <p><img alt="supply chain sustainability" src="https://futureofsourcing.com/sites/default/files/supply%20chain%20sustain.png" style="border-width: 0px; border-style: solid; width: 624px; height: 114px;" /></p> <p>Source: <a href="https://www.stand.earth/sites/stand/files/StandEarth-FilthyFashionScorecard.pdf" target="_blank">Stand.Earth</a></p> <p>Levi&rsquo;s is one of the few companies that has been successful in cutting their supply chain off of fossil fuels while others are failing to do the same. This includes about 70 members of the Sustainable Apparel Coalition.</p> <p>Adopting sustainable practices also contributes to labor fairness, safety and equality. Fast fashion has contributed to increases in child labor, slavery and deaths resulting from working conditions.</p> <p>Oxfam found that most companies could <a href="https://whatshemakes.oxfam.org.au/wp-content/uploads/2017/10/Living-Wage-Media-Report_WEB.pdf" target="_blank">easily afford to absorb</a> the cost of providing living wages to all workers operating within their supply chain, but many fail to do so.</p> <p><img alt="global supply chain sustainability " src="https://futureofsourcing.com/sites/default/files/supply%20chain%20sustain%202.png" style="border-width: 0px; border-style: solid; width: 624px; height: 378px;" /></p> <p>Source: Oxfam</p> <p>By simply tracking all of your workers&rsquo; wages throughout the supply chain, you can significantly contribute to the overall health and sustainability of your supply chain.</p> <p>Common practices within the contemporary fashion supply chain industry cause harm to both the environment and workers involved in the production process. Your company can take steps to change that through sustainable fashion.</p> <h1>Sustainability Encourages Innovation in Your Field</h1> <p>The fashion industry is responsible for the second-highest amount of pollution in the world, and that can&rsquo;t be changed without innovating on current practices.</p> <p>Business owners around the world have already recognized this and started developing new technologies to address the pressing challenges threatening the planet.</p> <p>In her interview with Forbes, Megan Eddings discusses her proprietary sustainable textile that she developed through her company Accel Lifestyle. She indicates that innovative textiles can help move supply chains away from harmful synthetic materials.</p> <p>&ldquo;Microplastics are a huge concern for not only the environment but also our health,&rdquo; she said. &ldquo;Sustainable fashion takes into account the entire supply chain and life cycle of a garment, from where and how it is made to when it ends up in our landfills.&rdquo;</p> <p>Edding&rsquo;s second point is vital to consider. While she&rsquo;s focusing on promoting renewable materials, there are several other links in the supply chain that determine how sustainable the operation is as a whole.</p> <p>In short, an entire supply chain can&rsquo;t rely on renewable resources alone to carry your business toward sustainability. You have to innovate and boost efficiency across your business as a whole to make a change.</p> <p>Technology can assist you in making sure that you&rsquo;re operating your business as efficiently as possible. It also helps you keep track of your inventory, worker payroll and shipments. Leverage <a href="https://www.tradegecko.com/product-tour/inventory-management-system" target="_blank">these technologies</a> to spot weak points in your efforts to become more sustainable. From there, you&rsquo;ll be better equipped to run a leaner, greener sustainable company.&nbsp;</p> <p>Catalyzing change requires thinking outside of the box. Determine your path to innovating your processes for sustainability by effectively utilizing supply chain management technologies.</p> <p>That way, you&rsquo;ll have no trouble linking isolated, sustainable bright spots together and constructing a greener supply chain.</p> <h1>Your Sustainable Approach Will Appeal to Consumers</h1> <p>Consumers are aware of the negative ramifications of fast fashion and the moral dilemma involved in purchasing goods produced utilizing those processes.</p> <p>Because of this wide-spread awareness, it&rsquo;s in the best interest of companies everywhere to adopt sustainable practices to appeal to your audience. According to research on customers in the US and United Kingdom, over half (52%) of consumers want the industry to become <a href="https://www.environmentalleader.com/2019/06/survey-consumers-want-more-sustainability-in-the-fashion-industry/" target="_blank">more sustainable in the near future</a>.</p> <p>While consumers understand that this may cost more money, making the items less appealing for purchase, they&rsquo;re also voicing recommendations to companies, detailing how they&rsquo;d like to see them address sustainability. Those in favor of more sustainable options requested that supply chain companies do the following:</p> <ul> <li>Label sustainably-made clothes</li> <li>Offer discounts on sustainable clothing</li> <li>Allow customers to trade in second-hand clothing for store credit</li> <li>Make sustainably-made clothes the default search results in online stores</li> <li>Advertise sustainable products outside of your online store</li> </ul> <p>Companies that adopt these practices show that they care about promoting products that are best for the world around them. This, in turn, will turn consumers into loyal customers.</p> <p>Showcase your supply chain&rsquo;s bright spots by promoting them to your customers. They want to see your business go green, so keep them updated on your progress toward that goal.</p> <h1>Work Sustainability into the Entire Supply Chain</h1> <p>It isn&rsquo;t enough to take one single sustainable practice that only affects one link of the supply chain.</p> <p>Because of the inherently interconnected network that the supply chain has become, all operations affect each other. It&rsquo;s essential to take measures to incorporate sustainability into all aspects of your business.</p> <p>You can do this by focusing on innovation and optimizing your internal technological solutions. That will assist you in helping the planet, both from an environmental and labor-focused perspective.</p> <p>Lastly, your customers want you to be sustainable. Listen to their feedback to include them in your journey to a greener future.</p> </div></div></div><div class="field field-name-field-tags field-type-taxonomy-term-reference field-label-inline clearfix"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even" rel="dc:subject"><a href="/tags/sustainability" typeof="skos:Concept" property="rdfs:label skos:prefLabel" datatype="">Sustainability</a></div><div class="field-item odd" rel="dc:subject"><a href="/tags/sustainable-supply-chains" typeof="skos:Concept" property="rdfs:label skos:prefLabel" datatype="">Sustainable Supply Chains</a></div><div class="field-item even" rel="dc:subject"><a href="/tags/sustainable-fashion" typeof="skos:Concept" property="rdfs:label skos:prefLabel" datatype="">Sustainable fashion</a></div><div class="field-item odd" rel="dc:subject"><a href="/tags/greenhouse" typeof="skos:Concept" property="rdfs:label skos:prefLabel" datatype="">greenhouse</a></div></div></div><div class="field field-name-field-addthis field-type-addthis field-label-hidden"><div class="field-items"><div class="field-item even"><div class="addthis_toolbox addthis_default_style " addthis:title="Why Sustainable Fashion is Key to Supply Chain Sustainability - Future of Sourcing" addthis:url="https://futureofsourcing.com/why-sustainable-fashion-is-key-to-supply-chain-sustainability"><a href="https://www.addthis.com/bookmark.php?v=300" class="addthis_button_linkedin"></a> <a href="https://www.addthis.com/bookmark.php?v=300" class="addthis_button_facebook"></a> <a href="https://www.addthis.com/bookmark.php?v=300" class="addthis_button_twitter"></a> <a href="https://www.addthis.com/bookmark.php?v=300" class="addthis_button_googleplus"></a> <a href="https://www.addthis.com/bookmark.php?v=300" class="addthis_button_pinterest_share"></a> <a href="https://www.addthis.com/bookmark.php?v=300" class="addthis_button_reddit"></a> <a href="https://www.addthis.com/bookmark.php?v=300" class="addthis_button_email"></a> <a href="https://www.addthis.com/bookmark.php?v=300" class="addthis_button_print"></a> </div> </div></div></div><div class="field field-name-field-region field-type-taxonomy-term-reference field-label-inline clearfix"><div class="field-label">Region:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/regions/global" typeof="skos:Concept" property="rdfs:label skos:prefLabel" datatype="">Global</a></div></div></div> Wed, 24 Jun 2020 17:59:10 +0000 Sydney Wess 1800 at https://futureofsourcing.com https://futureofsourcing.com/why-sustainable-fashion-is-key-to-supply-chain-sustainability#comments 6 Tips to Drive Sustainable Procurement https://futureofsourcing.com/6-tips-to-drive-sustainable-procurement <div class="field field-name-field-image field-type-image field-label-hidden"><div class="field-items"><div class="field-item even" rel="og:image rdfs:seeAlso" resource="https://futureofsourcing.com/sites/default/files/articles/Copy%20of%20FoS%20Header%20Images%20%2826%29.png"><a href="https://futureofsourcing.com/sites/default/files/articles/Copy%20of%20FoS%20Header%20Images%20%2826%29.png" title="Sustainable business" class="colorbox" rel="gallery-node-1746-AQaCBh4E670"><img typeof="foaf:Image" src="https://futureofsourcing.com/sites/default/files/styles/juicebox_medium/public/articles/Copy%20of%20FoS%20Header%20Images%20%2826%29.png?itok=BwyHTCH-" width="624" height="325" alt="Sustainable business" title="" /></a></div></div></div><div class="field field-name-field-related-news field-type-entityreference field-label-above"><div class="field-label">Related news:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/7-steps-to-build-and-execute-your-sustainable-procurement-initiative">7 Steps to Build and Execute your Sustainable Procurement Initiative</a></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even" property="content:encoded"> <p>In 2020, you can bet your bottom dollar that consumers won&rsquo;t be spending theirs on your products if you aren&rsquo;t striving to operate sustainably.</p> <p>For years, naysayers have argued that the consumers who <em>say </em>they want sustainable products aren&rsquo;t actually willing to part with the extra cash to acquire them, opting for fast-fashion and plastic packaging over higher price points. <a href="https://fortune.com/2019/11/05/sustainability-marketing-consumer-spending/" target="_blank">Recent research</a> proves this is simply not the case.</p> <p><a href="https://hbr.org/2019/06/research-actually-consumers-do-buy-sustainable-products" target="_blank">One study</a> conducted by NYU Stern&rsquo;s Center for Sustainable Business found that 50% of consumer-packaged goods (CPG) growth came from sustainably marketed products. In addition, these products grew 5.6 times faster than those not marketed as sustainable.</p> <p>In turn, businesses are responding to this shift, with <a href="https://www.un.org/sustainabledevelopment/sustainable-consumption-production/" target="_blank">93%</a> of the world&rsquo;s 250 biggest companies now reporting on sustainability, and the sustainability market predicted to be worth <a href="https://www.businessinsider.com/sustainability-as-a-value-is-changing-how-consumers-shop?r=US&amp;IR=T" target="_blank">$150 billion</a> by 2021.</p> <p>For procurement professionals, this changing business landscape provides a fantastic opportunity to reinvent their supply chains. Sustainable procurement (sometimes referred to as green procurement or sustainable purchasing) means integrating corporate social responsibility (CSR) into all procurement processes and decision making, while ultimately still driving value for the business. It means going above and beyond government-enforced regulations to impart long-lasting, meaningful change.&nbsp;&nbsp;</p> <h1>Benefits of Sustainable Procurement</h1> <ul> <li><strong>Risk reduction: </strong>The process of evaluating supply chain sustainability will reveal those high-risk areas that have historically been neglected, whether it&rsquo;s bad supplier practices (such as modern slavery) or environmental risks (including natural disasters). Investing in sustainable practices means working alongside suppliers that are compliant (or working towards being compliant) when it comes to factors like environmental regulations.</li> <li><strong>Future-proofing your organization: </strong>Investing in long-term supply chain prosperity not only means you&rsquo;re protected against future issues such as scarcity in supply, but you&rsquo;re also working to meet current and future demand. This maintains your brand&rsquo;s relevance and appeal for years to come.</li> <li><strong>Improved reputation: </strong>As proven by the stats above, well-marketed sustainability initiatives will give your brand reputation a massive boost. Not only that, but staff retention and the attraction of top-talent will also improve because employees increasingly want to work somewhere where they feel they are making a difference and doing good.</li> <li><strong>Reduced overhead costs: </strong>Sustainable procurement requires professionals and suppliers to streamline their processes to drive efficiency and minimize waste. The reduction of utility costs (as a result of opting for energy-saving products and services) and minimizing over-specification will save organizations money in the long term. <a href="https://www.cips.org/supply-management/opinion/2019/july/making-the-switch-to-sustainability-ratings/" target="_blank">The World Economic Forum found</a> sustainable procurement practices could reduce costs by 9 to 16%.</li> </ul> <h1>Six Tips to Drive Sustainable Procurement in Your Organization</h1> <p><strong>1. Make a business case</strong></p> <p>So you&rsquo;ve decided it&rsquo;s about time your procurement team shaped a comprehensive sustainability program, but where to start? The first step to making lasting change is identifying key stakeholders and decision-makers within your organization and communicating your business case to them. Put together a presentation that explains why sustainable procurement is essential and how it will contribute to the business&rsquo; bottom line. Identify other cheerleaders in the company who will advocate for you and support your efforts.</p> <p><strong>2. Create a strategy that works for you</strong></p> <p>Procurement teams and organizations come in all different shapes and sizes, which means there is no magic, one-size-fits-all approach to implementing sustainability initiatives. Identify your priorities, pain points, and high-risk areas in order to formulate a detailed plan. Which areas of your supply chain will most benefit from change? Figure out where you want to be and when, but be realistic with your goals. You&rsquo;ll need to consider a wide range of stakeholders and account for your corporate policy. Sustainability initiatives should never come at the expense of business success; that doesn&rsquo;t do <em>anyone</em> any favors.</p> <p>Demand management is often a practical place to start, which means figuring out how to operate more efficiently. It&rsquo;s also important to try and integrate sustainable practices into your existing procurement processes, rather than starting &nbsp;anew.</p> <p><strong>3. Find suppliers that align with your end-goal</strong></p> <p>Once you&rsquo;ve figured out your sustainability priorities and ultimate aims, it&rsquo;s time to review and audit your suppliers. Which of them accommodate, or can work to accommodate, your newly-established needs? It&rsquo;s worth developing a scoresheet to rate and compare suppliers. This process is also a fantastic opportunity to better get to know your suppliers.</p> <p><strong>4.&nbsp; Work collaboratively</strong></p> <p>Change won&rsquo;t happen without company-wide collaboration that ensures all areas of the organization are aligned. Indeed, <a href="https://www.google.com/url?sa=t&amp;rct=j&amp;q=&amp;esrc=s&amp;source=web&amp;cd=10&amp;cad=rja&amp;uact=8&amp;ved=2ahUKEwjZgv-WpdnnAhXMVRUIHfgMCa8QFjAJegQIBBAB&amp;url=https%3A%2F%2Fwww.reedglobal.com%2Fblog%2F2018%2F07%2F4-ways-to-embrace-sustainable-procurement&amp;usg=AOvVaw3CLnX_KaGc4W0wv7VPfZxz" target="_blank">70% of companies</a> claim that multi-stakeholder collaborations are key to more sustainable and ethical supply chains. You might also choose to work alongside other businesses or NGOs to share best practices in achieving your common goals.</p> <p><strong>5. Get the low-down</strong></p> <p>Sustainable procurement cannot be achieved without transparency throughout the supply chain, which means doing your homework &ndash; and lots of it. You&rsquo;ll need complete visibility of all your tier 1 suppliers, require tier 1 suppliers to do the same for <em>their</em> suppliers, and so on. EcoVadis&rsquo; biennial report <em>Sustainable Procurement Barometer</em> found that <a href="https://spendmatters.com/uk/sustainable-procurement-how-it-is-evolving-as-a-procurement-priority/" target="_blank">45%</a> of organizations only have visibility with tier 1 suppliers and concerningly, 28% claim to have no visibility into their supply chains at all.</p> <p><strong>6. Take it one step at a time&nbsp;</strong></p> <p>One thing I can guarantee is that change won&rsquo;t happen overnight. Implementing sustainability measures takes time, commitment and patience. Rather than biting off more than you can chew in a small space of time, start by focusing on the quick wins.</p> <p>After all, it&rsquo;s those seemingly insignificant incremental changes that can add up to make the greatest change.</p> </div></div></div><div class="field field-name-field-tags field-type-taxonomy-term-reference field-label-inline clearfix"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even" rel="dc:subject"><a href="/tags/sustainable-sourcing" typeof="skos:Concept" property="rdfs:label skos:prefLabel" datatype="">Sustainable Sourcing</a></div><div class="field-item odd" rel="dc:subject"><a href="/tags/sustainable-supply-chains" typeof="skos:Concept" property="rdfs:label skos:prefLabel" datatype="">Sustainable Supply Chains</a></div><div class="field-item even" rel="dc:subject"><a href="/tags/sustainable-procurement" typeof="skos:Concept" property="rdfs:label skos:prefLabel" datatype="">Sustainable Procurement</a></div><div class="field-item odd" rel="dc:subject"><a href="/tags/risk-management-and-compliance-grc" typeof="skos:Concept" property="rdfs:label skos:prefLabel" datatype="">Risk Management and Compliance (GRC)</a></div><div class="field-item even" rel="dc:subject"><a href="/tags/corporate-social-responsibility-csr" typeof="skos:Concept" property="rdfs:label skos:prefLabel" datatype="">Corporate social responsibility (CSR)</a></div></div></div><div class="field field-name-field-addthis field-type-addthis field-label-hidden"><div class="field-items"><div class="field-item even"><div class="addthis_toolbox addthis_default_style " addthis:title="6 Tips to Drive Sustainable Procurement - Future of Sourcing" addthis:url="https://futureofsourcing.com/6-tips-to-drive-sustainable-procurement"><a href="https://www.addthis.com/bookmark.php?v=300" class="addthis_button_linkedin"></a> <a href="https://www.addthis.com/bookmark.php?v=300" class="addthis_button_facebook"></a> <a href="https://www.addthis.com/bookmark.php?v=300" class="addthis_button_twitter"></a> <a href="https://www.addthis.com/bookmark.php?v=300" class="addthis_button_googleplus"></a> <a href="https://www.addthis.com/bookmark.php?v=300" class="addthis_button_pinterest_share"></a> <a href="https://www.addthis.com/bookmark.php?v=300" class="addthis_button_reddit"></a> <a href="https://www.addthis.com/bookmark.php?v=300" class="addthis_button_email"></a> <a href="https://www.addthis.com/bookmark.php?v=300" class="addthis_button_print"></a> </div> </div></div></div><div class="field field-name-field-region field-type-taxonomy-term-reference field-label-inline clearfix"><div class="field-label">Region:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/regions/global" typeof="skos:Concept" property="rdfs:label skos:prefLabel" datatype="">Global</a></div></div></div> Wed, 22 Apr 2020 15:07:44 +0000 Cindy Rittel 1746 at https://futureofsourcing.com https://futureofsourcing.com/6-tips-to-drive-sustainable-procurement#comments Partnering for Purpose: Technology Powered Networks Leading Change https://futureofsourcing.com/partnering-for-purpose-technology-powered-networks-leading-change <div class="field field-name-field-image field-type-image field-label-hidden"><div class="field-items"><div class="field-item even" rel="og:image rdfs:seeAlso" resource="https://futureofsourcing.com/sites/default/files/articles/Partnering%20for%20a%20purpose624x325.jpg"><a href="https://futureofsourcing.com/sites/default/files/articles/Partnering%20for%20a%20purpose624x325.jpg" title="Partnering for Purpose: Technology Powered Networks Leading Change" class="colorbox" rel="gallery-node-1285-AQaCBh4E670"><img typeof="foaf:Image" src="https://futureofsourcing.com/sites/default/files/styles/juicebox_medium/public/articles/Partnering%20for%20a%20purpose624x325.jpg?itok=PHHwRRiu" width="624" height="325" alt="" title="" /></a></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even" property="content:encoded"> <div>Much has been written about the ways in which <a href="http://www.futureofsourcing.com/accelerating-ethical-business-can-technology-help" target="_blank">technology can be used to drive not just efficient businesses</a>, but ethical ones. The spotlight is squarely on emerging and disruptive applications and the impact they can have on the world. But what is often overlooked is the true engine behind these things succeeding: partnership. &nbsp;</div> <div>&nbsp;</div> <div>Around the world, there&rsquo;s an increased urgency to solve some of society&rsquo;s biggest problems among businesses and consumers alike. With over 3 billion people globally lacking access to waste management, 48.5 million individuals enslaved today and over 5 trillion pieces of plastic floating in our oceans, the sheer magnitude of what needs to be tackled is daunting. &nbsp;</div> <div>&nbsp;</div> <div>Technology alone, no matter how innovative, can&rsquo;t solve all these problems. As they say, it takes a village to raise a child. The same can be said when it comes to driving purpose. Digital networks are powerful communities that connect like-minded people who share common values, visions and goals. And there is tremendous strength in the collective ideas of these communities and their ability to bring about change. &nbsp;&nbsp;</div> <div>&nbsp;</div> <div>Take business networks. Though sometimes thought of as merely a way for buyers and sellers to connect to do business, business networks can enable companies to find trading partners who not only support their operating and cost objectives, but also their sustainability goals. Buyers can, for instance, identify diverse suppliers or tie their <a href="http://www.futureofsourcing.com/balancing-costs-with-conscience" target="_blank">costs to conscience</a> and purchase from businesses that align with causes that matter to them. &nbsp;</div> <div>&nbsp;</div> <div>And when these networks are surrounded by an ecosystem of partners, additional innovations can be brought to the table and quickly unleashed to drive more sustainable supply chains and ethical business. Non-governmental organizations (NGOs) like the <a href="https://www.sustainabilityconsortium.org" target="_blank">Sustainability Consortium</a>, <a href="https://www.billiondollarroundtable.org" target="_blank">Billion Dollar Roundtable</a> and others tied to specific industries such as consumer goods and high tech are a great example of this. In connecting stakeholders such as policy makers, social workers and social entrepreneurs with enterprises that share a common purpose and have the resources to address them, it can effect real change. &nbsp;</div> <div>&nbsp;</div> <div>In September 2015, world leaders adopted the <a href="https://www.un.org/sustainabledevelopment/sustainable-development-goals/" target="_blank">United Nations Sustainable Development Goals (SDGs)</a>, aimed at creating sustainable prosperity for all in emerging and developed regions. Three years later, many companies are beginning to embrace these goals, committing their people and products to do things like eradicate slavery from supply chains and document every living creature on the planet to protect endangered species. SDGs are also in place that intend to end deforestation, promote environmental awareness, eliminate gender inequality and educate people who might never have been inside a classroom. This is the power of partnership. And a testament to the fact that when united by a common cause and enabled by technology, businesses &ndash; and the people behind them &ndash; can do amazing things.&nbsp;</div> <div>&nbsp;</div> <div>Next month, we&rsquo;ll hear from some of the leaders and technologists driving change through these networks and the partner ecosystems surrounding them.</div> </div></div></div><div class="field field-name-field-tags field-type-taxonomy-term-reference field-label-inline clearfix"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even" rel="dc:subject"><a href="/tags/ethical-sourcing" typeof="skos:Concept" property="rdfs:label skos:prefLabel" datatype="">Ethical Sourcing</a></div><div class="field-item odd" rel="dc:subject"><a href="/tags/disruptive-technology" typeof="skos:Concept" property="rdfs:label skos:prefLabel" datatype="">Disruptive Technology</a></div><div class="field-item even" rel="dc:subject"><a href="/tags/sustainable-supply-chains" typeof="skos:Concept" property="rdfs:label skos:prefLabel" datatype="">Sustainable Supply Chains</a></div><div class="field-item odd" rel="dc:subject"><a href="/tags/digital-networks" typeof="skos:Concept" property="rdfs:label skos:prefLabel" datatype="">Digital Networks</a></div><div class="field-item even" rel="dc:subject"><a href="/tags/non-governmental-organizations-ngos" typeof="skos:Concept" property="rdfs:label skos:prefLabel" datatype="">Non-governmental organizations (NGOs)</a></div></div></div><div class="field field-name-field-addthis field-type-addthis field-label-hidden"><div class="field-items"><div class="field-item even"><div class="addthis_toolbox addthis_default_style " addthis:title="Partnering for Purpose: Technology Powered Networks Leading Change - Future of Sourcing" addthis:url="https://futureofsourcing.com/partnering-for-purpose-technology-powered-networks-leading-change"><a href="https://www.addthis.com/bookmark.php?v=300" class="addthis_button_linkedin"></a> <a href="https://www.addthis.com/bookmark.php?v=300" class="addthis_button_facebook"></a> <a href="https://www.addthis.com/bookmark.php?v=300" class="addthis_button_twitter"></a> <a href="https://www.addthis.com/bookmark.php?v=300" class="addthis_button_googleplus"></a> <a href="https://www.addthis.com/bookmark.php?v=300" class="addthis_button_pinterest_share"></a> <a href="https://www.addthis.com/bookmark.php?v=300" class="addthis_button_reddit"></a> <a href="https://www.addthis.com/bookmark.php?v=300" class="addthis_button_email"></a> <a href="https://www.addthis.com/bookmark.php?v=300" class="addthis_button_print"></a> </div> </div></div></div><div class="field field-name-field-region field-type-taxonomy-term-reference field-label-inline clearfix"><div class="field-label">Region:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/regions/global" typeof="skos:Concept" property="rdfs:label skos:prefLabel" datatype="">Global</a></div></div></div> Tue, 02 Oct 2018 17:51:42 +0000 Padmini Ranganathan 1285 at https://futureofsourcing.com https://futureofsourcing.com/partnering-for-purpose-technology-powered-networks-leading-change#comments Beverage companies get active in reducing their supply chain carbon footprint https://futureofsourcing.com/beverage-companies-get-active-in-reducing-their-supply-chain-carbon-footprint <div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even" property="content:encoded"> <p>Carbon footprint reduction is a major focus of the beverage industry. The major challenge for this industry is to reduce the carbon footprint while still increasing production in this growing sector.&nbsp;In July 2015, Coca-Cola and PepsiCo, along with more than a dozen US companies pledged to invest more than $140 billion in efforts to cut carbon emissions as part of Obama&rsquo;s climate change initiative. These two companies are multinational conglomerates and the global leaders in the consumer beverage industry.</p> <p>The carbon footprint is material to the beverage industry in many ways. Refrigeration emissions are one of the biggest sources of carbon dioxide&nbsp;for the industry. By developing and utilising the latest and most efficient refrigeration equipment, companies can save millions of dollars in energy costs. Lightweight bottles result in less material/lower costs and leads to reduced transportation costs, reduced waste and recycling costs. Delivery vehicles/trucks that are more efficient and have better routing reduce the capital equipment costs for trucks and increase fuel savings. Reducing waste and recycling reduces the cost of waste management services and storage costs.</p> <p>The beverage industry has developed many initiatives to reduce carbon emissions. Coca-Cola is developing more sustainable packaging by partnering with the government, private sector and civil society to reduce overall emissions and achieve their goal of &ldquo;drink in your hand&rdquo; by 2020. Coca-Cola&rsquo;s long-term vision is to leverage its significant scale and resources to create a &lsquo;circular economy&rsquo; in which materials are used and reused to constantly rebuild natural and social capital. Coca-Cola is engaged in a broad range of sustainability packaging initiatives including engaging consumers, advocating policy changes, building supply chain partnerships, and developing renewable technologies. Packaging is a significant contributor to greenhouse gas emissions. They work with community organisations and support initiatives that facilitate proper package disposal and help the public change behaviours that generate litter. They source more than 50% of their PET plastic from recycled or renewable material as of 2015.</p> <p>Coca-Cola has developed a PlantBottle made of renewable plant material to replace the PET plastic bottle. PlantBottle packaging accounts for 26% of the company&rsquo;s packaging volume in North America and 7% globally and they are the world&rsquo;s largest consumer of bioplastics. These bioplastics are a brand differentiator amongst consumers It has also reduced the weight of their packages by 50% on 8 oz. bottles, and by more than 30% on 12 oz. bottles. Since 2014, they have reduced their packaging weight by 5.45 grams per litre, or 15%, since 2008.&nbsp;Lightweight packages also reduce the cost of transporting the product by utilising less gas.</p> <p>Coca-Cola recycles with an EKOCYCLE program that reuses plastic bottles and developed a printer that repurposes plastic into a variety of other items. EKOCYCLE makes recycled plastic into bed sheets. Through its partnerships, PlantBottle technology is licenced to make polyester auto interiors for Ford. In partnership with SeaWorld, they are making PlantBottle refillable cups.</p> <p>Coca-Cola plans to reduce the carbon footprint of the &ldquo;drink in your hand&rdquo; by 5% by 2020 in the entire supply chain by working to make changes in the manufacturing process, packaging formats, delivery fleet, refrigeration equipment, and ingredient sourcing. Coca-Cola is reducing greenhouse emissions from its fleet of distribution trucks by adding new delivery trucks powered by alternate fuels including electricity, natural gas, diesel-electric and biodiesel. The hybrid delivery trucks reduce emissions by 30% and use roughly 30% less fuel than standard delivery trucks. They are training drivers on eco-driving techniques such as minimal braking, reduced idling, and early gear changes through the company&rsquo;s custom-designed Smartdriver program. They have tested fuel cells that without combustion, turn natural gas and other hydrocarbons into usable forms of energy like heat and electricity. They have also tested biogas which are expected to provide 30% of a plant&rsquo;s power needs while reducing the plants carbon footprint by an estimated 35%. In addition, they are using telematics to automatically shut off engines after five minutes of idling time.</p> <p>PepsiCo also has sustainability programs that have almost eliminated all waste to landfills. They send approximately 7% of waste to landfills and recycle and reuse 93% of their waste, saving the company over $3.5 million annually. They have reduced greenhouse gas emissions by more than 16% since 2006 by deploying more energy-efficient vending machines and cooling equipment, using less packaging material, and improving energy efficiency in their operations.</p> <p>Beverage companies in British Columbia have developed smart routing to optimise the distribution routes for beverage deliveries to reduce carbon emissions and use less gas. In addition, they are using cooking oil to power some of their delivery trucks.</p> <p>In addition to these energy efficient steps, British soft drink companies have emphasised and incorporated industry best practices on periodic maintenance on refrigeration equipment including regular inspection for excessive dust and humidity, proper ventilation, tight door seals, and keeping refrigerators on during non-trading times since it requires less energy to maintain temperature than to re-chill product.</p> <p>In order to improve shipping efficiency and reduce carbon emissions, Ocean Spray redesigned its bottling distribution network to better align with demand for juices in the United States. By adding manufacturing and distribution capabilities in Florida as well as reclaiming unused cargo rail cargo space in returning boxcars from New Jersey to Florida, Ocean Spray can more efficiently move products throughout the Southeast. This network redesign reduced carbon emissions by 14,000 tons per year and provides savings of over 40% in transportation costs.</p> <p>Green Mountain Coffee Roasters began recycling the large burlap bags that hold the coffee beans and used them for holding soil for construction projects. They also recycle over 400 tons of corrugated boxes, paper, plastics per month.</p> <p>Future sustainability developments to greenhouse gas emissions in the beverage industry include the full deployment by Coca-Cola and others to commercialise a fully recyclable PET plastic bottle that is made entirely from plant-based material. They have invested in technology companies including Virent and Gevo to help develop it. In 2015, Coca-Cola introduced the world&rsquo;s first PET plastic bottle made entirely from plant-based materials. Coca-Cola will continue their progress towards the &lsquo;drink in your hand&rsquo; goal by 2020. PepsiCo has also been developing bio-based bottles from agricultural waste and next-generation compostable films.</p> <p>The industry will continue to reduce its carbon footprint by installing improved refrigeration units, reduce energy usage, lower manufacturing emissions, incorporate more renewable and recycled content and increase material resource efficiency.</p> <p>Currently, packaging accounts for 30% to 70% of a single drink&rsquo;s carbon footprint. In the future, this will be a focus in the industry to take more steps to reduce the packaging size, weight and cost. Companies like PepsiCo, Coca-Cola and others will develop more partnerships with local communities and businesses to set up recycling programs to recover more of the plastic bottles and cans to further reduce waste and to recycle them into other products.</p> <p>In the transportation area, companies like PepsiCo will incorporate more fuel-efficient delivery vehicles as well as replacing old trucks with electric trucks for delivery. Coca-Cola and the Dr. Pepper-Snapple Group will track and publicise vehicle fleet efficiency and add alternative fuel vehicles to their fleet in addition to hybrid electric vehicles. They will utilise more rail delivery product since it is more efficient than trucks.</p> <p>The key to successful corporate social responsibility in a company is the integration of their sustainability initiatives into their daily operations. The beverage industry led by giant conglomerates like Coca-Cola and PepsiCo are leading the way in developing new ways to reduce their carbon footprint and defining industry best practices. Each company is trying to be the sustainability champion of reducing their carbon footprint to increase their brand image and increase the value of their brand in hopes of swaying customers to buy their products. Good corporate social responsibility is good business since it helps recruit the best talent, save on energy costs, save on transportation costs, and most of all increase sales. These initiatives directly affect the bottom line and increase shareholder value. Carbon emissions are the largest contributor to air pollution. It is therefore critical that businesses lead the way and start to implement effective carbon management strategies so that we can reduce our negative impact and help sustain the environment for future generations.</p> </div></div></div><div class="field field-name-field-tags field-type-taxonomy-term-reference field-label-inline clearfix"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even" rel="dc:subject"><a href="/tags/sustainable-supply-chains" typeof="skos:Concept" property="rdfs:label skos:prefLabel" datatype="">Sustainable Supply Chains</a></div></div></div><div class="field field-name-field-addthis field-type-addthis field-label-hidden"><div class="field-items"><div class="field-item even"><div class="addthis_toolbox addthis_default_style " addthis:title="Beverage companies get active in reducing their supply chain carbon footprint - Future of Sourcing" addthis:url="https://futureofsourcing.com/beverage-companies-get-active-in-reducing-their-supply-chain-carbon-footprint"><a href="https://www.addthis.com/bookmark.php?v=300" class="addthis_button_linkedin"></a> <a href="https://www.addthis.com/bookmark.php?v=300" class="addthis_button_facebook"></a> <a href="https://www.addthis.com/bookmark.php?v=300" class="addthis_button_twitter"></a> <a href="https://www.addthis.com/bookmark.php?v=300" class="addthis_button_googleplus"></a> <a href="https://www.addthis.com/bookmark.php?v=300" class="addthis_button_pinterest_share"></a> <a href="https://www.addthis.com/bookmark.php?v=300" class="addthis_button_reddit"></a> <a href="https://www.addthis.com/bookmark.php?v=300" class="addthis_button_email"></a> <a href="https://www.addthis.com/bookmark.php?v=300" class="addthis_button_print"></a> </div> </div></div></div> Tue, 06 Sep 2016 23:33:32 +0000 Maung Min 782 at https://futureofsourcing.com https://futureofsourcing.com/beverage-companies-get-active-in-reducing-their-supply-chain-carbon-footprint#comments