How Important is Sustainability to Your Bottom Line?
Has the issue of sustainability in the supply chain moved from being a brand enhancer to a profit generator? In the current climate the industry has moved from a managing growth outlook to a a managing costs perspective and sustainability, once seen as an expensive nice to have philosophy is now seen as a way to not only act responsibly and environmentally, but also as a way to reduce unnecessary costs and even increase revenue. Here we discuss how companies are incorporating sustainability into their business and strategic plans, and with what success. The role of the supply chain has changed in recent years. Previously, arguably the primary function of the logistics sector was to do with punctuality whereas now it is an independent profit generator. Does it really pay to be sustainable?