Implement Sustainable Practices for Stronger Supply Chains
Sustainable supply chains are carbon conscious, transparent & ethical and circular.
Carbon Conscious: Active supply-chain decarbonisation is becoming a license to operate for organisations – particularly in an environment where regulatory conditions are increasingly prioritising carbon efficiency and renewables. Supply chains are the single biggest lever an organisation has to combat carbon emissions. trace. supports both the public & private sector in driving carbon efficiencies through strategic analysis and scenario modelling – to inform the restructuring of assets and infrastructure – to generate transport savings, inventory & working capital efficiencies, packaging & waste reduction, etc.
Transparent & Ethical: For executives to have a transparent, ethical and sustainable supply chain they must clearly understand each of its nodes, the sensitivities and dependencies– across multiple layers or tiers. Increasingly trace. is supporting organisations in identifying and mapping sustainable supply chains to inform policy and decisions relating to regulations such as modern slavery, responsible sourcing, chain of responsibility and cold chain & HACCP compliance.
Circular: Leveraging asset lite and responsive supply chains is not only better for the environment but also can drive improvements in sustainability. trace. helps organisations tap into circular supply & distribution networks – by deeply understanding the key & emerging players in the market – i.e. the strategic partners of the future. This circular supply chain has the potential to rapidly improve service, lead times, returns processes, packaging and reduce ‘the fat’ in legacy supply chain distribution methods costs. “Big trucks, long distances with sub-optimal utilisation” is now becoming a more nuanced and balanced equation with the introduction of peer-to-peer carriers for short-form, rapid fulfilment.
A sustainable supply chain isn’t just good for your bottom line, it’s good for our world…
End to end sustainable supply chains extend from raw material sourcing through to last-mile delivery, returns and recycling processes.
When it comes to sustainability, we exist to help you, help the world – do better. Over 60% of global emissions can be traced back to supply chains. Creating a sustainable supply chain is one of the biggest levers industries can pull in order to combat climate change.
How are we making a difference?
We focus on measurable sustainability outcomes across ALL our projects and encourage the adoption of sustainable supply chain management and practices. For example, we help clients
- reduce online returns waste
- reduce the number of trucks on the road
- reduce packaging waste
- reduce excess supply issues leading to product waste
- reduce manufacturing waste
- reduce food waste
Changing regulation in Australia is driving organisations to think more about sustainability in the supply chain by:
- Increasing transparency: Regulations are requiring organisations to publicly disclose their sustainability performance, including their carbon footprint and supply chain practices.
- Establishing sustainability standards: Regulations are setting minimum standards for sustainability performance in areas such as waste management, energy consumption, and environmental impact.
- Creating incentives for sustainability: Regulations are providing financial incentives, such as tax credits and subsidies, for organisations that adopt sustainable supply chain management practices.
- Holding organisations accountable: Regulations are holding organisations accountable for their sustainability performance, including imposing penalties for non-compliance.
- Encouraging collaboration: Regulations are encouraging organisations to collaborate with suppliers, customers, and other stakeholders to drive sustainability throughout the supply chain.
- Promoting sustainable sourcing: Regulations are promoting sustainable sourcing by requiring organisations to source products from suppliers that meet specified sustainability standards.
These changing regulations are driving organisations in Australia to rethink their approach to sustainability in the supply chain, by requiring them to be more transparent, accountable, and sustainable in their practices. As a result, organisations are investing in sustainability initiatives, such as renewable energy, waste reduction, and sustainable sourcing, to meet the new regulations and improve their reputation among customers and other stakeholders. Ultimately, this will lead to a more sustainable supply chain in Australia, with positive outcomes for both the environment and the economy.
Organisations can take the following steps to drive supply chain sustainability:
- Implementing environmentally friendly procurement practices: This can include selecting suppliers based on their environmental impact, using sustainable materials, and reducing waste in the production process.
- Improving energy and resource efficiency: Organisations can work with suppliers to reduce energy consumption and waste generation through the implementation of efficient production processes and the use of renewable energy sources.
- Reducing transportation-related emissions: By optimising transportation routes and modes, organisations can reduce their carbon footprint and improve supply chain sustainability..
- Promoting sustainability throughout the supply chain: Organisations can educate and engage their suppliers on the importance of supply chain sustainability and encourage them to adopt sustainable practices.
- Measuring and reporting sustainability performance: Regularly measuring and reporting sustainability performance helps organisations track progress and identify areas for improvement.
- Collaborating with stakeholders: Collaboration with customers, suppliers, and other stakeholders can lead to the development of innovative and sustainable solutions.
- Integrating sustainability into decision-making: Integrating sustainability considerations into decision-making processes, such as product design, procurement, and production, can drive long-term sustainability outcomes.
- Investing in sustainability-focused technologies: Investing in new technologies, such as sustainable packaging, renewable energy sources, and recycling technologies, can help organisations drive sustainability throughout their supply chain.
By taking these steps, organisations can create a more sustainable supply chain, reduce their environmental impact, and improve their reputation among customers and other stakeholders. Additionally, a sustainable supply chain can lead to cost savings, increased efficiency, and a more resilient and adaptable business.
Want to work with us? Enquire today!
Our expert team is ready to guide you through the challenges that often come with creating and managing effective supply and service chains. We pride ourselves on being Australia’s benchmark boutique advisory firm, able to assist your organisation in improving customer experience, warehousing and distribution processes, workforce planning, overall operational planning and creating a resilient organisation that can stand the challenges of today’s global markets. Contact us to begin working on your business's supply chain strategy today.