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Sustainability in the supply chain is key for cost saving and efficiency, HSBC report finds

December 04, 2018 / DALE BENTON

Sustainability is fast becoming a key conversation starter in unlocking greater efficiency and cost savings in the supply chain, a new global report has found. The report: Now, Next and how for Business from HSBC, surveyed 8,650 business decision-makers in 34 global markets and has revealed that for many businesses, becoming more sustainable is beneficial for their bottom line. “Never has there been a more important time for businesses to play their part in creating a more sustainable future,” the report says.
The report found that 81% of companies value ethical and environmental sustainability as important to them and 83% want to be seen as an ethical or environmentally sustainable company. Almost one in five (17%) companies globally plan to increase their emphasis on their ethical and environmental standards. This is higher for companies in emerging market countries (21%) than those in developed markets (15%).
The supply chain proves crucial in this regard, ...