Sustainable Supply Chain Solutions

Organizations are focused now more than ever on these practices to remain compliant with their applicable regulations. For example, the SEC has begun monitoring for possible discrepancies between companies' public sustainability disclosures and their SEC filings. As these requirements continue to evolve, there will be challenges in adjusting operations to remain compliant.

Many companies are setting carbon-neutral and carbon-negative goals in the next 5-10 years. Since supply chains contribute to a company's emissions, they are the easiest target to start with when planning to achieve sustainability goals.  (McKinsey & Company,2023)

Moving hand in hand with net zero supply chains is the concept of a circular economy, which is the concept of closing the loop in the product lifecycle. Implementing programs that extend product life and enable the return of obsolete products for repurposing are examples of this concept in action. According to Earnst and Young, the global economy is currently only 8.6% circular and has the potential to cut emissions by another 39% by pursuing a circular economy model. By utilizing suppliers that implement one or both types of these initiatives customers can quickly affect their emissions. (PwC,2024) (Eearnst & Young (EY),2021) (Deloitte,2023)