What is Sustainability?
Sustainability in the context of supply chain management refers to the development and implementation of environmentally responsible and socially equitable business practices throughout the supply chain. It aims at meeting the needs of the present without compromising the ability of future generations to meet their own needs.
Sustainability encompasses three main pillars: environmental, social, and economic sustainability, often referred to as the triple bottom line.
For supply chain traceability companies, promoting sustainability involves ensuring that materials and products are sourced, produced, and delivered in a way that minimises environmental damage, respects human rights, and offers economic benefits to all stakeholders involved.
By focusing on sustainability, companies can reduce their environmental footprint, foster social goodwill, and achieve long-term economic viability, thereby contributing to a more sustainable future.
Related terms
Wood Products
Wood Products refer to a wide variety of goods derived from trees and forests, including lumber, plywood, paper, furniture, and other items made from wood fibres. These products are integral to numerous industries and everyday life, offering benefits such as carbon sequestration, renewable material, and versatility.
Risk Assessment in Supply Chain
Risk Assessment in Supply Chain is the process of identifying, analysing, and managing the potential risks and vulnerabilities within a supply chain that could disrupt operations, impact profitability, or harm the reputation of the business.
Timber Traceability
Timber Traceability refers to the ability to track the origin and movement of timber and timber products through all stages of the supply chain, from the forest to the final consumer. This process involves documenting each step of the journey to ensure the legality and sustainability of the timber sourced.