Global Supply Chain News

Advancement in technology and the abundance of raw material has resulted in the increased consumption of products and services leading to increased production and then eventually, increased waste products. All these activities have a toll on the environment. Organizations are producing more and users are consuming more than ever before in history; the world population is ever increasing and consequently, more waste is being produced and will continue to be produced if it is not checked. Organizations underestimate the real… Read the rest

Life Cycle Management (LCM) is an integrated approach to managing the total life cycle of products and services for sustainable consumption and production. LCM takes the concept of life cycle engineering (LCE) further as the focus is not only on a particular product, but uses the activities of all those partners in the supply chain who actually manufacture and service the products.

Life Cycle Management need not be expensive or complex to implement and also LCM helps companies to… Read the rest

There are five type of environmental stakeholders group who drive green initiatives within an organization:

1.     Regulatory stakeholders, who either set regulations or have the ability to convince governments to set standards

2.    Consumers,  who seek emotional resonance alongside the cost and convenience factors of where and when they buy a particular product

3.    Organizational stakeholders, who are directly related to an organization and can have a direct financial impact on the organization

4.    Community groups… Read the rest

One of the best definitions of Corporate Social Responsibility is perhaps provided by Archbishop Desmond Tutu’s The Benchmark Foundation. It states:

“Corporate Social Responsibility (CSR) is the decision-making and implementation process that guides all company activities in the protection and promotion of international human rights, labor and environmental standards and compliance with legal requirements within its operations and in its relations to the societies and communities where it operates. CSR involves a commitment to contribute to… Read the rest