Having a sustainable business isn’t just about being conscious of your internal sustainability efforts. You also need to be conscientious of the efforts of the partners in your supply chain. Your business or nonprofit gets to decide which businesses make the cut, and which don’t. That means if a company’s green efforts aren’t up to snuff, you have every right to partner up with another company that shares the same values/mission that you do. On top of it being the principled thing to do, there are also many other advantages to having a green supply chain. Take a look at some of the top benefits your business can reap when you have a sustainable supply chain.
Efficiency with Your Resources and Money
According to the Global Supply Chain Group: “At the core of Green Supply Chain Management is the principle of reducing waste by increasing efficiencies. Effective management of resources and suppliers, can reduce production costs, promote recycling and also, the reuse of raw materials.”
Sustainability isn’t just good for the Earth, it’s good for business. Running as efficiently as possible will save you money and resources. Partnering with organizations who value energy-efficiency in your supply chain will have a positive impact on the overall efficiency of your business. When you hold your supply chain to the same sustainability standards as your business, you can ensure operations will flow smoothly from start to finish!
Stand Out from Your Competition
Being a sustainable company allows you to stand out from your competition. By having a whole supply chain dedicated to sustainability efforts, you can set yourself apart even further. Demonstrating that you care for your community and the environment will give you an edge and improve your reputation as a business. (For even more ways to differentiate yourself with your sustainability efforts, check out How to Make a Sustainability Report).
Less Risk
It’s always in a business’ or nonprofit’s best interest to eliminate as much risk as possible. There are already so many unknowns in every industry, so any opportunity to minimize the risk should be optimized. When it comes to sustainability, a green supply chain puts you at less risk for being accused of “anti-environmental and unethical practices.”
Your business or nonprofit already knows the advantages to being a sustainable company. It’s time to start reaping the benefits of having a green supply chain as well. By doing so, you’ll be able to use your resources and money more efficiently, stand out from your competition, and avoid risk. How else does your company benefit from having a green supply chain? Tell us, we’d love to hear your ideas.
Posted in: Sustainability
