Know About 3 Fundamental Pillars of Sustainable Supply Chain
The sustainable supply chain is an important but difficult aspect of business responsibility. Developing supply chains that are both economically and environmentally sustainable is difficult because it entails far more than merely applying green procurement practices that benefit the bottom line. Engineers who seek to promote sustainability may face a number of challenges, including supplier practices, local regulation, cost, and stakeholder buy-in. Three fundamental Pillars of Supply Chain- ● Economic sustainability refers to a company's long-term profitability and how the supply chain's sustainability contributes to that. ● Environmental sustainability focuses on a company's environmental impact and how sustainability may help transform that into a positive. ● Social sustainability refers to a company's support of stakeholders such as employees, suppliers, consumers, shareholders, regulators, and the ge...