... Everyone, including Nestlé, agrees that blockchain alone cannot guarantee sustainable supply chains… Greater transparency — which increases supply chain agility, resiliency and cost effectiveness — is absolutely necessary to enable better decision making. The purpose of this event was to introduce the importance of sustainable supply chains to our employees all around the globe. We also work with companies to support farmers in developing new ways to adapt to the effects of climate change; which is increasingly important for brands, farmers and shoppers. All of the companies along the supply chain benefitted. Some of the global fast-moving-consumer-goods (FMCG) companies that are regarded as leaders in sustainable supply chain management are Coca Cola, Nestle, L’Óreal, Proctor and Gamble, Unilever and Nike. Supply-chain management therefore has a significant impact on key social and environmental challenges. Promoting Sustainable Procurement through Fair and Equitable Transactions. The MarketWatch News Department was not involved in the creation of this content. However, the increasing environmental, social and economic costs of these networks and growing consumer pressure for eco-friendly productshas led many organizations to look at supply chain sustainability as a new measure of profitable logistics managemen… As soon as a company transfers some of its reputational risk, corporate social responsibility and environmental impact elsewhere, it must tackle Supply Chain Management as one of its most pressing sustainability concerns. We believe three approaches can help consumer companies make their supply chains more sustainable. Resilient, sustainable supply chains offer a competitive advantage, but they require that companies have clear visibility throughout the chain and the ability to trace both inputs and outputs. The UN Global Compact is the world’s largest sustainability initiative and EY has been a participant since 2009. Expecting Supply Chain Sustainability. Despite this importance, there is currently no comprehensive, empirically grounded understanding of how companies address sustainability in their supply chains. Sustainability in dairy involves much more than reducing our carbon emissions. Christian Holzer, Siemens Energy, Head of Supply Chain Management This is critical in building and enabling sustainability, and it's essential because supply chains can only become more sustainable by first becoming more responsible. Dec 16, 2020 (AmericaNewsHour) -- Kenneth Research has published a … 2 Notes: 2 We interviewed more than 50 operations and supply chain leaders at global corporations, as well as our own and external experts in environmental sustainability. Companies Focused on Sustainability; Supply Chains Play Integral Role 1st October 2020 . Together for Sustainability (TfS) is a joint initiative of major chemical companies to assess and steer sustainability in the supply chain. A company’s entire supply chain can make a significant impact in promoting human rights, fair labour practices, environmental progress and anti-corruption policies. The companies leading the sustainability revolution in dairy today are focused on the full supply chain, including sustainable packaging solutions, ensuring balance of natural resources in production and processing, providing transparency in ingredient sourcing, maintaining the highest standards in animal … 'Sustainable supply chains must build-in bigger picture benefits for both company and society' Wind turbine maker Siemens Gamesa set about overcoming one its biggest challenges in achieving its net zero ambitions – tower manufacturing – with encouraging results, writes Cresten Flor. Our sustainability efforts prioritize people and the planet by aiming to source responsibly, sell sustainable products, protect and restore natural resources and reduce waste and emissions. Audi is present in more than 100 markets and produces at 13 production locations in 10 countries in order to be as close to its customers as possible. • There is a strong business case for developing sustainable ways of working throughout a company and its supply chain: saving resources is … Moreover, maintaining a sustainable supply chain has placed Unilever among the top 10 supply chains in the world. In-depth discussion between companies and their suppliers seems to be an effective approach to addressing sustainability with the supply chain (for example the Tesco Supplier Network). Key success factors to implement strategic SCM Communicate expectations. 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