Fighting climate change requires cross-functional, cross-ecosystem collaboration before we can start to work towards global green recovery. In the supply chain, it’s vital we break down silos and foster stakeholder cooperation to increase operational transparency, as well as implementing a global standard for measurement.
Some companies at the forefront of the sustainability charge are already looking closer to home for potential sourcing and production bases. The results are multi-fold; reduced dependence on regions rife with political strife, cost saving, and lower risk from delays when shipping long distances all while minimising environmental impact. This strategy applies to materials, parts, and components, along with finished goods. When possible, sourcing components closer to where they are needed is a winning solution.