Sus­tain­abil­ity no longer con­fined to sup­ply chains

Cargo Talk - - Award Talk -

“Sus­tain­able man­age­ment prac­tices in busi­ness prove to be more prof­itable as they tend to adapt and grow with the chang­ing mar­ket, pro­vid­ing a com­pet­i­tive ad­van­tage over other firms. This also helps in gain­ing sig­nif­i­cance as so­cially re­spon­si­ble busi­ness by re­duc­ing the neg­a­tive im­pact on so­ci­ety and in­creas­ing their pos­i­tive in­flu­ence. Com­pa­nies also re­alise that sus­tain­abil­ity is­sues are no longer con­fined to sup­ply chains but have gone be­yond and are cur­rently be­ing seen through the lens of value chain, keep­ing into ac­count pub­lic dis­clo­sures and re­port­ing mech­a­nisms be­ing de­manded by key stake­hold­ers in­clud­ing the civil so­ci­ety, con­sumers, lenders and gov­ern­ments at fed­eral and sub-fed­eral lev­els. Sup­ply chain sus­tain­abil­ity is viewed as the im­proved man­age­ment of sup­ply chain through the com­bi­na­tion of so­cial, en­vi­ron­men­tal and eco­nomic is­sues mak­ing it a vi­tal criterion in busi­ness de­ci­sion mak­ing,” be­lieves Homi J Katira, Di­rec­tor, Kat­son Lo­gis­tics.

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