With ESG and sustainability juxtaposed with each other, a new green wave is swooning over the entire business world, driving corporate houses to be on their toes to demonstrate their ESG credentials, showcasing sustainability policies, and goals with data records. It is believed to be a new age investment with futuristic plans making coexistence easier. The new paradigm for sustainability is in alignment with the investing philosophies, carving out a niche through ESG or similar investment philosophies, as it has made its way evident to the mainstream business.
Towards a greener technology
As sustainability is gaining more momentum, growing number of investors and stakeholders are working to deliver on sustainability agendas. Such demands are addressed in supply chain logistics, with greater visibility and transparency for an anti-fragile, greener supply chain.
When strategizing survival in a tech world, what can be better, but to have engaging technologies and digitalization, supporting sustainability.
Empowering sustainability with technology
Heralding technologies such as IoT, Artificial Intelligence (AI), robotics, and cloud technologies are needed for a sustainable supply chain, with real-time supplier visibility, and seamless data transfer, for only a true digitalization can bring in a sustainability revolution.
Growing human-centric investment management industry
The year 2022, is likely to witness a stupendous increase in adopting sustainability investing both by institutional and retail investors. It is predicted that over the next 12 months there could be an increase in ESG investing performance assurance adoption, proxy activism, along with disclosure requirements that would effectively outgrow the estimated ESG-mandated AUM (Assets Under Management, India). Going by the mandate 49 corporate managers would engage in a larger share of ESG investment AUM through sustainability-centric products and projects.
Digital sourcing and procurement functions
A SAP survey report states that companies in India are considering parameters like sustainability for evaluating procurement functions, attaining best-value sourcing agreements, and achieving sustainable procurement savings, through a healthy and strategic environment.
With digital sourcing and procurement functions, companies can create a network of suppliers with ESG and sustainability at its core and incorporate cloud-based collaboration platforms. It reduces the time invested and allows working seamlessly across various platforms through cloud connectivity, also allowing diverse suppliers to drive efficiencies across multiple supply chain planning and execution processes.
A true value chain management that is sustainability-centric, can create sustainable and resilient supply chains. It is observed that products with sustainability labels have received increased traction. A sustainable supply chain improves productivity while reducing investment. The future talks sustainability and with their commitment to ESG, market leaders like Allcargo Group continue to enable sustainable techniques and resources to enhance the efficiency of logistics with significant cost reduction.