Leading firms utilizing sustainable supply chain practices to increase revenue, cut costs and boost brand value
Leading firms have increased their revenue as much as 20 percent and cut supply chain costs up to 16 percent by implementing sustainable supply chain practices, according to a World Economic Forum report titled Beyond Supply Chains – Empowering Value Chains.
The report identifies 31 practices to help companies achieve increased revenue, reduced supply chain costs and added brand value. The practices, which span product design, sourcing, production and distribution through to the end of the product lifecycle, can help companies shrink their carbon footprints by 13-22 percent, the report says.
Firms included in the analysis have improved their competitiveness through increases in revenue (5 percent to 20 percent), reduced supply chain costs (9 percent to 16 percent) and an increase in brand value (15 percent to 30 percent). Their operational risks were also reduced.
