SUPPLY CHAIN
Advantages of incorporating sustainability in supply chain management While taking the steps towards achieving sustainability in any aspect of a business is important , it is equally important to quantify targets and have clear goals for sustainable supply chain initiatives . It will provide stakeholders with direction in their tasks and will also help companies evaluate the impact and success of their initiatives .
According to EY ’ s survey , cost savings and efficiency were cited as the top goals for embarking on supply chain sustainability by 61 % of companies .
Other motivators included compliance and regulatory requirements , pressure from partners and suppliers , improved revenue growth and pressure from customers and the workforce .
However , in a Harvard Business Review Whiteboard Session , Andrew Winston ,
View EY sustainable supply chains survey
a key influencer in the business sustainability ecosystem , claims that companies should focus on four goals to reap the maximum returns – Cost Reduction , Revenue Growth , Risk Management , and Intangibles like brand reputation , improving customer loyalty , focusing on innovation , etc .
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