Today’s consumers not only prefer to support brands that focus on sustainability, but the majority of them (57%) are willing to change their purchasing habits to reduce their carbon footprints, according to an IBM Research Insights report. That means choosing longer shipping times, picking up products in-store, or even paying extra for greener goods.
Beyond that, building a sustainable supply chain leaves you with more efficient and cost-effective processes that reduce energy consumption and save you money. Having a sustainable supply chain not only results in large cost savings; green-friendly supply chains can go a long way toward shielding your business from reputational damage. You can accelerate your business growth by investing in a more sustainable supply chain, and you should ensure that your focus on supply chain sustainability positively affects your labour practices and the employees who are responsible for your sustainable supply chain management. Read how some of the world’s best supply chain solution providers are making a change in the industry.
Pharmaceutical supply chain challenges have been a major cause of concern for the industry throughout 2020. The challenges are still very much prevalent, even as the world moves ahead in the era of the new normal.
Sharing technical data around product development is complicated. Companies have struggled first with gathering the technical data from the engineering team, packaging the data for consumption by suppliers, and then communicating it clearly to the appropriate supplier.
Recently American Medical sought an organization with proven capability in product design and manufacturing to support a new, lead-lined container for transporting nuclear medicines. They believed that bringing this new product to market could, in addition to facilitating American Medical’s own transport needs, potentially open a new market in medical transport packaging in which American would have a competitive edge.
In recent years, global supply chains have been strained by a severe constriction of logistics capacity. This has led to sharp increases in prices: On average, international container shipping rates have more than quadrupled since 2019, and schedule delays have risen significantly.
Disruptions such as COVID-19, war, and climate changes have exacerbated the challenges of managing congested yards and ports, highlighting notorious manual operations inefficiencies and costs.
Continued volatility and uncertainty in the end-to-end supply chain have changed the way business leaders calculate improvements to supply ecosystems. The traditional year-over-year incremental improvement has given way to adaptability. Businesses that have thrived are driven by talent, supply chain visibility, and low change barriers.
Continued volatility and uncertainty in the end-to-end supply chain have changed the way business leaders calculate improvements to supply ecosystems. The traditional year-over-year incremental improvement has given way to adaptability. Businesses that have thrived are driven by talent, supply chain visibility, and low change barriers.
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