Why a sustainable supply chain is critical to the future of consumer products Sponsored by SAP
Eliminate problematic or unnecessary single-use packaging through redesign, innovation, or alternative business models.50% - 70% of plastics packaging will effectively be recycled or composted.The Biggest Challenge: Keeping Sustainable Commitments
When it comes to the ethical sourcing of necessary labor, less than half have significant or complete visibility into their own processes, and just 14% have the same level of visibility into their suppliers’ processes. When asked what would make the biggest difference in tackling these challenges, 58% said lowering the cost of sustainable products, and 53% said offering more sustainable products would help them meet their sustainability goals.
Data gathered throughout the supply chain can help consumer products executives make informed decisions and understand the impact of those decisions on sustainability goals. Emerging technology can also support transitions to new business models that are necessary to help companies deliver on the global commitments set out by NGOs.Create a long-term strategy that considers sustainability in every process from start to finish.
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