The dire state of the environment today has made it imperative for businesses to think consciously and implement practices to develop sustainable solutions to lessen the harmful influence on the climate. Every industry is focusing on how to reduce its carbon footprint, improve its environmental, social, and governance (ESG) scores, and move toward a circular economy—and the retail sector is no exception. According to Deloitte, the retail supply chain is responsible for 25% of worldwide greenhouse gas (GHG) emissions.
In light of this, the need for retailers to integrate sustainability initiatives into their supply chain operations become all the more essential. Other important sustainability initiatives in the retail sector can be removing waste from the value chain, ensuring product traceability, fulfilling their energy requirements using renewable sources, and incorporating sustainable packaging. In this article, we will take a look at some key strategies that can help reduce the environmental footprints for retail companies, and how these strategies are powering those initiatives and building sustainable supply chains for retail clients.
But first, let’s talk about the importance of sustainability in retail chains. Understanding sustainability in retail chains Research shows that the production of new materials has increased by since the 1980s. This is not surprising, considering the rising human population worldwide.
However, we cannot ignore the fact that it has adve.
