As the world continues to navigate its way through the COVID pandemic, sustainability in supply chain management is quickly becoming top priority for many businesses.
In fact, the majority of the effort to make businesses sustainable revolves around streamlining their supply chains. Of course, during 2020, in the height of the pandemic and its nation-wide restrictions and lockdowns in full force, supply chains across the board were severely disrupted. However, even with the large-scale disruptions, supply chain sustainability investments hardly slowed during this time, according to a new report from the MIT Center for Transportation and Logistics (CTL) in collaboration with the Council of Supply Chain Management Professionals (CSCMP), a leading professional membership association.
“We believe cooperation between sectors is vital to thoroughly understand the complexity and evolution of sustainability efforts more broadly,” says David Correll, CTL research scientist. The research included a large-scale international survey of supply chain professionals with over 2,400 respondents — more than double the number received for the previous report. The survey was conducted in late 2020. In addition, 21 in-depth executive interviews were completed, and relevant news items, social media content, and reports were analyzed for the report.
Moreover, the 2021 State of Supply Chain Sustainability report showed that if a company wants to stay in business for very long, they would be wise not to ignore the sustainability of their supply chains. Over 80% of respondents claimed the pandemic had no impact or increased their firms’ commitments to Supply Chain Sustainablity (SCS). In fact, 83% of the executives interviewed said that Covid-19 had either accelerated SCS activity or, at the very least, increased awareness and brought urgency to this growing field.
There is tremendous pressure for companies to invest heavily of supply chain sustainability measures. Such measures include interest in human rights protection and worker welfare, energy savings and renewable energy, and supplier development.
With the business trends moving towards more sustainability, we will likely see more investment in this increasingly important area of supply chain management in the future. Aden Logistics is fully committed to being a reliable partner to their customers to help them improve their supply chain sustainability. Shippers turn to Aden when they need a logistics provider who will get the job done.