COVID-19 impacted supply chain sustainability: climate change took a backseat to company survival – organisations simply trying to meet fluctuating consumer demands and stay afloat. We’ll see as we emerge from the crisis-driven responses that the most progressive companies – those with a culture and awareness of what they stand for – will not simply ‘greenwash’ operations but ingrain it into the culture and the way the business is managed.
It’s incredibly positive that two-thirds of businesses have invested money, time, and resource into improving their sustainability. As the clock ticks down to the 2030 global climate change goals, this investment will only increase. And with investment comes innovation: it’s never been easier to incorporate greener ways of working into operational supply chains. Technologies such as AI and ML can provide businesses with visibility and analytical capabilities to support real-time decision-making, with a focus on sustainability.
The research also shows that the pressure to pursue a more sustainable supply chain has varied by geography. Europe has been at the forefront of integrating initiatives. In contrast, APAC has lagged apart from a focus on labour awareness, while North America has taken most of its cues from other leading countries. Organisations need to be aware that climate change is a global issue – and one that requires an international, collaborative approach and dedication.