As businesses worldwide face mounting pressure to adopt sustainable practices, the supply chain has emerged as a critical area for embedding Environmental, Social and Governance (ESG) principles. A green supply chain minimizes environmental impact while fostering social responsibility, enabling companies to reduce emissions, enhance resource efficiency and ensure ethical sourcing.
According to a 2023 report, over 70% of supply chain professionals view sustainability as essential to their operations, underscoring its strategic importance. The World Economic Forum further indicates that effective supply chain management is critical for achieving broader ESG objectives, enhancing brand reputation and customer loyalty.
Building a global green supply chain presents multifaceted challenges, particularly in achieving visibility and transparency across supply chain functions. This lack of integration hinders real-time data sharing, which is crucial for tracking environmental impact and aligning with sustainability goals.
Securing investments in green technologies can be challenging, as these initiatives require significant upfront costs, often making it difficult for businesses to balance competing ethical and economic objectives.
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