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MAKE YOUR SUPPLY CHAIN SUSTAINABLE AND TRANSFORM THE CHALLENGE INTO AN OPPORTUNITY
MAKE YOUR SUPPLY CHAIN SUSTAINABLE AND TRANSFORM THE CHALLENGE INTO AN OPPORTUNITY

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04 October 2019

MAKE YOUR SUPPLY CHAIN SUSTAINABLE AND TRANSFORM THE CHALLENGE INTO AN OPPORTUNITY

Many innovative trends are now involving the latest technologies within the supply chain ecosystem, in order to scale up its efficiency and visibility. But there is another “forward-thinking” trend, that involves supply chains and the impact they have on the environment.

 

We are talking about Sustainability: “an objective that guides strategic and tactical decision making with consideration to the social, economic and environmental impacts of the decisions” [1]. It is nominated as the 4th pillar of any digital supply chain, combined with agility, traceability and predictability of customers’ patterns using a data-driven approach and tools [2]. Such trustful relationship with suppliers can offer five main benefits:

  • Protecting brand and company reputations that could be damaged easily with only one product reject/ recall
  • Reducing environmental impact and costs with green campaigns to reduce greenhouse gas emissions, carbon footprints and circular economies
  • Improving business continuity of supply by market diversification
  • Innovating products and services
  • Joining global industry standards communities about sustainability to make a difference within communities in a bid to protect our planet.
MAKE YOUR SUPPLY CHAIN SUSTAINABLE AND TRANSFORM THE CHALLENGE INTO AN OPPORTUNITY

However, achieving sustainability from digital supply chains is not free of challenges and risks. Many IT functionalities have been assigned to tackle information gaps for managing supply chain sustainability such as: transaction and workflow to track and trace any product across the supply chain, big data storage and analytics, Blockchain authentication and Business Intelligence reporting [3]. Open collaboration with many suppliers and partners has improved the packaging phase for reducing the number of defective containers with a well-designed recycling/ waste management system for plastic and cartons. In this direction, a Plastics Pact was launched in the UK last year, with 42 organizations. However, this year the number of organizations has more than tripled. Retailers, waste management companies, packaging suppliers, brand companies and universities have committed to achieve its goals by 2025 as mentioned by Gartner[4]:

  • 100% of plastic packaging will be reusable, recyclable or compostable
  • 70% of plastic packaging will be effectively recycled or composted
  • There will be 30% average recycled content across all plastic packaging
  • Companies will act to eliminate problematic or unnecessary single-use packaging items


We are indeed a “Live Enterprise” and we provide living technology for a safer and more sustainable world.

Stay tuned for more articles on this topic as well as how to implement sustainability with some best practices from Antares Vision.

 

[1] Gartner. Supply Chain Brief: Help Stakeholders Adapt to Sustainability by Sharing Fundamental Definitions 2019

[2]Infosys Sustainability Report. Live Enterprise. URL: https://www.infosys.com/sustainability/Documents/infosys-sustainability-report-2018-19.pdf 2018

[3]Ernst & Young. Towards transparent supply chains. White paper. URL: https://www.ey.com/Publication/vwLUAssets/EY-towards-transparent-supply-chains/$FILE/EY-towards-transparent-supply-chains.pdf  2018

[4]Gartner. Supply Chain Leaders’ Guide to Reducing Packaging Waste. 2019

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