It hopes to reduce production's water usage by 25 percent from 2010 to 2020, and as of the business's "2014/2015 Sustainability Report," it is nearly halfway there. Here's the lowdown on why green is … Growing importance of sustainability in supply chain management Despite the coronavirus pandemic, companies are continuing to work on sustainability initiatives. The soda company has made plans across various departments for improving its supply chain by 2020. Supply chain sustainability is a topic of increasing importance for businesses and can be of particular interest to SMEs. Adoption of responsible sourcing will require supply chain leaders to make sustainability a non-negotiable element that is as important as quality. The importance of supply chain sustainability. As a by-product of these activities, scarce energy is depleted. From prioritising ethical suppliers to minimising overproduction and waste by efficient supply and demand management. The Importance of Supply Chain Management ... As designers of the network, supply chain professionals are in a key position to develop more sustainable processes and methods. But the ball is now in the consumer’s court, according to new research by Miebach Consulting. In supply chain management programs and other academic training, sustainability is being woven into the curriculum, highlighting the push for responsible production in all aspects of business. The importance of supply chains for the sustainable business. What’s supply chain sustainability you may ask? It can help companies save money while reducing their carbon footprint. There is a growing need for integrating environmentally sound choices into supply-chain management. Work closely with relevant NGOs and international institutions interested in improving supply chain sustainability. Sustainable supply chain management is quickly becoming a necessity for businesses. Explain the importance of responsible sourcing. The Importance of Creating a Sustainable Supply Chain Management System. However, more specifically, sustainable procurement is the process of … This in turn will impact how sourcing teams are measured. By aligning the interests, there is a better chance of successfully adapting meaningful changes towards true sustainability. Coca-Cola has similar goals. Importance of sustainability within the supply chain needs to be beneficial for three things: people, planet, and profit. As companies continue to reach their goals and prioritize during these stressful times, the concept of supply chain sustainability is one of the #1 priorities. Opportunity to Decrease Energy Use – Supply chain activities involve both human and product transportation. Sustainability in the supply chain can be recognised at almost every stage of the process. Published Tuesday, Nov. 10, 2020, 9:56 am. 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