The Green Supply Chain - Katalyst Technologies

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The Green Supply Chain
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With consumers more attuned to the social and
global impact of the brands they choose to
support, it has become imperative for companies
to actively promote endeavors that showcase a
commitment to sustainability and improving the
state of the planet. Initial challenges in
implementing these strategies will likely reap
the rewards of increased customer satisfaction,
economic growth, and minimized environmental
impact. An enterprises supply chain management
system is perhaps the area that allows for the
greatest green growth. Small adjustments in
manufacturing, packaging, and distribution can
add up to a significant impact. The good news?
Theres always more that companies can do. The
bad news? Theres always more that companies can
do.
I dont know any company that wouldnt want to
reduce waste and continue to enhance their
process, says Charlie Wilgus, general manager of
the supply chain and operations division at
executive search firm Lucas Group. Who doesnt
want to help the environment? he says with a
laugh. You would never want to be
anti-environment.
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The Benefits Even if environmental improvement
is not a priority for your organization, there
are plenty of reasons to encourage sustainability
within the supply chain. Eliminating waste and
costs Its an experience many online shoppers
have shared a giant box arrives at your door.
Inside, a single small book or ink cartridge,
along with a whole lot of bubble wrap and/or air.
Its hard to imagine that this benefits anyone
other than cardboard manufacturers. Amazon has
made strides to eliminate inefficient packaging
and has also reconsidered shipping strategies,
including implementing electric trucks and
promoting Amazon Locker delivery options at
various retail outlets. Amazon is, of course,
an outlier in the industry, but this is one area
where size matters not. It doesnt have to be
that big of a company you can do that even if
youre working out of your parents basement,
says Wilgus. Just think of what that means to a
companys costs. youre optimizing the SCM. It
creates an entire better, cheaper, faster
process. That leads to a better product a
better customer experience. And ultimately, that
leads to increased revenues and profits.
Better publicity Sustainability is no longer
seen by consumers as a perk its an absolute
necessity. Nielsen research suggests that
consumers are willing to not only change their
habits but to pay a premium for environmentally
friendly options. With that, though, comes an
expectation that companies are making concerted
efforts to improve their green effortsanother
study shows that 81 of global respondents feel
strongly that companies should do their part in
improving the environment. Companies that make
those efforts should also prioritize emphasizing
them and reap the PR benefits.
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Increased collaboration with other companies
Along with improved brand satisfaction, some
manufacturers and companies that accentuate
sustainability will exclusively do business with
similarly minded organizations. If you want to
work with some of the big companies as a vendor
or supplier, you have to get your stuff together
and be green, says Wilgus. Because theyre
going to look for companies that are, and the
ones that are not are going to get overlooked.
Organizations should also apply for third-party
certifications that can provide sustainability
credibility. Not only is this great for branding
purposes, but some experts predict that in the
future, companies may face financial penalties if
their carbon footprint is too large. Making the
Pledge Companies across various
industriesincluding Katalyst!have pledged their
commitment to reduce their environmental impact.
Some people use the terms carbon neutral and
zero emissions interchangeably, but there is a
difference. Carbon neutral means that companies
either proportionately offset their carbon
emissions or purchase an equivalent amount of
carbon credits. Zero emissions means that no
carbon is released in the first place. For
some of the larger companies that maybe have more
of a carbon footprint, its easier for them to
see how they could actually reduce it, says
Wilgus. Its interesting because theyre
actually contributing the most, but they have the
most to make up and the most resources and money
to do that.
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Not to be outdone, Microsoft recently announced
an initiative to become carbon negative by 2030,
promising to remove more carbon from the
environment than it releases. By 2050, the
company hopes to remove its entire carbon
footprint since its 1975 inception. Its hard to
expect other organizations to match such a bold
goal, but sustainability is clearly the way of
the future. If they set a goal like that, ten
years is plenty of time for them to make some
major changes, says Wilgus. But theyve got to
be committed to it, and it cant just be a
marketing ploy. It has to be part of the fiber of
their culture. Katalyst Can Help Is your
supply chain ready to go green? Take small steps
to make a big impact. Schedule a consultation
with our experts to determine ways your
organization can reduce its carbon footprint and
increase revenue. Source Link -
https//katalysttech.com/blog/the-green-supply-cha
in/
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Demo Form https//katalysttech.com/free-demo/
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• Katalyst Technologies is a leading IT services
  and solutions company servicing clients in the
  manufacturing, wholesale distribution, life
  sciences, e-commerce, logistics, and retail
  sectors. We provide industry specific IT
  products, strategies and solutions for companies
  implementing large-scale and transformational
  projects. Our business and technology experts are
  highly-skilled and work seamlessly across
  multiple geographies, with a global footprint in
  the U.S, U.K, India, and Germany. We specialize
  in the areas of Digital e Commerce,
  Enterprise Resource Planning, Supply Chain
  Management, Engineering and Manufacturing,
  Professional Services and e Publishing.

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