Making Supply Chain Sustainable: Leading Towards a Greener Future
In recent years, more and more customers have become
conscious of the impact their purchases have on the environment. Therefore, it is
only good business sense for brands to switch to more sustainable initiatives
to fulfill the demands of their customers.
However, becoming a sustainable brand is more than just a
change in marketing and claiming to be ‘green’. Customers these days are more
aware than ever and thus, base their purchasing decisions by evaluating a range
of activities from sustainable production methods, supply chain, packaging to
various other factors involved with the final product.
Since supply chain covers the entire process of transforming
raw materials into final products, shifting to a green supply chain is perhaps
one of the best ways to becoming a more sustainable brand. From choosing raw
materials that have been sustainably sourced to adopting environment-friendly
packaging and everything in between will help the brand stand out as a ‘green
product’.
According to the Harvard Business Review, 50% of CPG (Consumer
Packaged Goods) growth from 2013 to 2018 came from sustainability-marketed
products. In fact, products marketed as sustainable grew 5.6 times faster than
their counterparts.
This proves that consumers are in fact shifting to more
sustainable lifestyle practices. Therefore, in today’s rapidly changing world, only
brands that are quick to adapt to the preferences of the consumers will stand
the test of time and be successful.
Amidst all this, finding the right supply chain partner might be the key to your success. Here at MGH, we are constantly working with our transportation partners to come up with logistics solutions that work best for all our stakeholders alike.
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