Business strategy and supply chain will have to take into account that as the storm clouds of inflation gather at the horizon, you will have to change the strategic tack to go through the rough patches unscathed.
keep current with the realistic yet cutting edge practice in both the supply chain, and the board room. The business strategy and supply chain from the last two decades will not work any more.
Keep your head when everyone else in the market starts losing theirs. The supply chain turmoil persists and requires new business strategy and supply chain thinking. For general directions, read the blogs below.
The History of Sustainable Packaging Industry.
It packs a lot in a small space, efficiently uses the minimum amount of resources, it’s not a product but the pea pod, which is possibly the greatest example of sustainable packaging design nature can provide…
Throughout the supply chain a footprint is created where energy and resource usage can be measured. This is why sustainable practices in packaging are important for an effective supply chain.
A study by Accenture found that retailers can realize from 3 percent to 5 percent supply chain cost savings via green packaging initiatives.
So if you extrapolate that type of savings out across multiple tiers of supply chain activity, where packaging is the common denominator, the efficiencies and savings could be rack up quickly.
Sustainable packaging relies on best engineering, energy management, materials science and life cycle thinking to minimize the environmental impact of a product through its lifecycle.
Moreover, Visiongain, a research organization, wrote a new report which highlights because of a variety of drivers such as carbon emissions, extended producer responsibility and waste reduction targets plus advanced packaging technologies, the sustainable and green packaging market’s worth is expected to reach $107.7 billion in 2011.
Mr. Sood, an expert in Supply Chain and who co-wrote Green Supply Chain – An action manifesto, explained in his book that “for many organizations, packaging presents one of the most readily available opportunities to both reduce costs and reduce the overall environmental impact.
By enabling suppliers to suggest design, material and other related changes as a part of the sourcing process, organizations can often achieve significant savings.
” In a communiqué, Vivek Sood, the Managing Director of Global Supply Chain Group, said “Benefits of green packaging are not restricted to cost reductions only…