New initiatives are constantly being rolled out by companies across the world to drive supply chain sustainability in the future as supply chain sustainability takes centre stage .
Dearth of technological innovation It ’ s the 21st century , and technology has become an essential part of all facets of business and society , and supply chain is no exception . Digital technologies can be a powerful tool in the development and optimisation of a sustainable supply chain .
However , EY ’ s report suggests that executives aren ’ t fully aware of the environmental and social impacts of their supply chain network . This can be attributed to limitations in the technology used for sustainability measurement .
The supply chain sector has traditionally relied heavily on intensive labour because the technology was not adequate when sustainability was gathering pace . However , as a result of the recent wave of technological advancements , many innovations are making it possible for technology to spread into the supply chain . Given the potential advantages of greater technological adaptation , the question is not if but rather how quickly adaptation will take place .
Using technologies like data analytics and collaboration , stakeholders can capture metrics , churn data , derive insights and set key performance indicators to quantify their efforts , and thereby optimise them . Technology can go a long way in identifying and introducing efficiencies in operations and resources .
For the customers , digitisation can make it easier to trace products , from dispatch to final delivery .
78 November 2022