Companies large and small are scrambling to quantify and manage their impact on the environment. The urgency to do so is no doubt hastened by pending policy changes and concern for the financial implications of non-compliance.
…Manufacturers are becoming increasingly unsatisfied with being reactive when it comes to sustainability efforts. They recognize, with growing regulatory and consumer pressure, the need to introduce a new, proactive foundation that can scale across all aspects of their supply chain. – Forbes.
Supply chains are large contributors to a company’s carbon footprint and can be challenging to measure let alone monitor, manage or begin to optimize. In particular, the direct and indirect transportation is made difficult due to:
- Inconsistent compliance with widely accepted protocols and standards
- Infrequent updates of information limit the ability to take action
- Data is not normalized across the numerous sources of information
- No automation to ingest, harmonize, store and utilize the information.
Automated solutions like TransVoyant’s overcome these challenges by calculating upstream and downstream Scope 1 (direct) and Scope 3 (indirect) global multi-mode transportation and distribution without the need for cooperation from a highly fragmented group of logistic service providers. The result is a very accurate and consistent approach that conforms to the widely accepted GLEC standard for measuring Co2 emissions.
Measurement is necessary but not sufficient. Your sustainability solution needs to provide actionable intelligence that can be shared cross-functionally and with trading partners to identify opportunities for improvement.
“Sustainability is a global business opportunity to demonstrate environmental and social accountability in more meaningful and transparent ways. Customers expect it, governments mandate it, and marketplaces reward it. And in return, revenue growth rises, and the cost of operations shrinks.
But companies cannot achieve these benefits with a simple, one-and-done change in the supply chain. They must act with a continuous, holistic view into all supplier network tiers and across business operations to effectively achieve their Corporate Social Responsibility (CSR) goals.” – Supply Chain Brain.
Decreasing supply chain emissions is a continuous process made easier with solutions that automate the effort required and provide results that enable you to achieve your sustainability outcomes.