Sustainability no longer confined to supply chains
“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.