Collaboration is Key for Supply Chain Sustainability
By John Paxton, Chief Executive Officer, MHI
To meet your supply chain sustainability goals, it’s important to look outside of your own walls. That’s because, on average, at least 80% of greenhouse gas emissions are produced in your supply chain. That means they are beyond your direct control and your business is only as sustainable as your weakest supplier.
It’s safe to assume that not all your suppliers have the tools to measure their impact on your supply chain emissions or the ability to make the necessary changes to reduce them. As a responsible business, you must work with suppliers and stakeholders up and down the supply chain, as well as inspire and motivate them to join you on your Net Zero journey.
This is no easy feat, but it can be done. It’s important to focus your business on its role in helping to slow the rate of global warming and building a more sustainable world for the future. Not only that, but it’s also just good business, and in the very near future, will be table stakes for business growth and success.
There are many levers you can pull to reduce supply chain CO2 emissions, such as utilizing more renewable energy sources, reducing packaging materials and adopting better water and waste management practices. However, it’s also imperative to trace the sourcing, movement and transfer of all materials and products in your supply chain. Only then will you have a map that provides a comprehensive understanding of all the emissions in your ecosystem so you can accurately measure and reduce your environmental impact.
This issue of MHI Solutions covers a variety of topics, including how to tackle Scope 3 emissions, the skillsets necessary to build a sustainability team, clean energy solutions and anticipated sustainability reporting requirements. We hope it helps to provide the information and resources that you need on your journey to Net Zero.
The technologies necessary for more responsible and resilient supply chains will be on full display at our MODEX trade show next March. MODEX 2024 will feature over 500,000 square feet of exhibits showcasing the latest manufacturing and supply chain technology as well as four keynotes and over 150 supply chain educational seminars. MODEX will be the largest supply chain event in 2024 and your best chance to learn and source leading solutions for your operations. It’s also a free training asset for your team. You can learn more and register to attend at modexshow.com.
The priority for supply chain sustainability is gaining momentum not only for the good of our planet but also for the good of businesses that make supply chains work. It is the key to future success.