Green and Sustainable Supply Chains

Green and Sustainable Supply Chains

Sustainable Sourcing Practices

Supply & Demand Chain Executive has recognized Source One with the Green Supply Chain Award for the third consecutive year. This award recognizes providers that assists their customers in achieving measurable sustainability goals.

The award clearly highlights a major trend: global organizations are becoming more attuned to green practices. In fact, a study conducted by Siemens and McGraw-Hill in 2012 noted that 42 percent of companies claimed that sustainability played a key role in their business operations, as compared to only 18% in 2006.

Nowadays, true sustainability methods go beyond simple recycling policies. Sustainable management techniques include “the practice of economic production and consumption that minimizes environmental impact and maximizes resource conservation and reuse.”[1] What greater impact could an organization make than in their supply chain?

Organizations are usually worried about the cost of green suppliers, as many believe sustainable goods and services are above standard market prices. However, Source One’s VP of Operations, William Dorn, begs to differ. “In many cases, you can accomplish a significant percentage in savings when sourcing eco-friendly products and services. The key is to identify suppliers, and have a sourcing team who is willing to negotiate with those suppliers in an effort to get best-fit pricing and customer service.”

As the public becomes more aware of environmental issues, businesses are increasing their investment into sustainability. For those considering the switch, now is an ideal time to evaluate your supply chains and make improvements that will reduce your carbon footprint.

[1] Cohen, Steven. Executive Director, Columbia University’s Earth Institute.

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