Sustainability: The Future of Supply Chains
by: Hannah Wikum
In today’s fast-paced, global environment, supply chain sustainability has become increasingly important in the minds of businesses and consumers. Stakeholders and clients demand transparency, ethics, and sustainability and are not afraid to hold businesses accountable for their shortcomings. Companies must be cautious in establishing their supply chain or risk being held responsible for the unethical problems that may result. For example, the recent collapse of a garment factory in Bangladesh forced several Western fashion companies to implement new supplier standards to minimize the damage to their image. The spread of globalization and technology will continue to put the pressure on businesses to clean up their supply chain, which raises the question: how do you balance sustainability and profit?