The COVID-19 pandemic shined a spotlight on the frailty of the global supply chain.
As a result, business leaders have spent the better part of two years pursuing solutions and strategies that can help them build a more resilient supply chain operation.
This enhanced focus on agility and resiliency has also driven increased interest in supply chain sustainability efforts - and for a good reason.
Many companies that already had robust sustainability programs in place before 2020 quickly discovered that supply chain resiliency was an inevitable side effect of those initiatives.
As a result, advocates of environmental, social, and governance (ESG) programs will likely find it easier to get support from the boardroom even as the world moves beyond the pandemic.
In a Stanford Graduate School of Business study, 63% of buyers and 73% of suppliers said their sustainable procurement practices helped them endure the pandemic.
The Stanford study also showed that 70% of procurement leaders saw supply chain resilience as the desired outcome for their sustainability efforts.
Download the Study: Sustainable Procurement Barometer 2021
In addition, MIT’s State of Supply Chain Sustainability report showed that many companies maintained or increased their sustainability investments throughout the pandemic.
The connection between sustainability and resiliency isn’t new. It has simply become more prominent as industry leaders seek to shore up weaknesses along the supply chain.
Sustainability intersects with resiliency in a variety of ways:
Third-party logistics (3PL) companies can play a crucial part in supporting broader corporate sustainability initiatives.
Your 3PL can support your ESG efforts in the following ways:
If you want to have a sustainable supply chain, choosing a logistics partner that can align with your company values and practices is essential.
Strategic Real Estate. Applied Technology. Tailored Service. Creativity. Flexibility. These fundamentals reflect everything we do at Phoenix Logistics. We provide specialized support in locating and attaining the correct logistics solutions for every client we serve. Most logistic competitors work to win 3PL contracts, and then attempt to secure the real estate to support it. As an affiliate of giant industrial real estate firm Phoenix Investors, we can quickly secure real estate solutions across its portfolio or leverage its market and financial strength to quickly source and acquire real estate to meet our client’s needs.
Related Article: Supply Chain & Logistics Industry COVID-19 Update
Related Resources
Sustainable Procurement Barometer 2021
Sustainable procurement is not something that should be done after processes to run your supply chain efficiently are in place, rather, these practices are integral to managing a supply chain effectively and should now be essential practices of supply chain management. Download Now!
State of Supply Chain Sustainability 2021
This report provides a platform to observe how supply chain sustainability changes over time and how supply chain professionals react to these changes, it does not take a stance on whether industries are doing enough, or too much, or on what they should, or shouldn’t do; it is simply a gauge of the direction of supply chain sustainability. Download Now!
About Phoenix Logistics Services
Logistical support covers a wide variety of disciplines, from warehouse management to freight brokerage. Phoenix Logistics provides support in locating and attaining the correct logistics solutions based on each business’s individual needs and requirements. Download Now!
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