The drivers/demands/behaviours changing this area of retail
Retailing today calls for a view of stock throughout the supply chain. Not only is it essential for the operational viewpoint of just-in-time lean supply chains, but also for customer-facing scenarios such as sharing stock levels with customers. Sustainability brings additional imperatives for visibility in order to measure and monitor scope 3 emissions as well as providing transparency for customers and investors.
The current state
In the main, scope 3 emissions make up the largest part of a retailer’s carbon emissions, so a brand or retailer is not just measuring their own impact on the planet – and the people that produce the products they sell – but those emitted by everyone throughout the supply chain and every part that makes up the final product. UK retailers have cancelled £7.1bn in contracts with suppliers that don’t meet stringent ethical and sustainable standards in the past year.
Implications
- Full view enables performance and cost improvements to be identified
- Compliance and standards auditing, food safety and trust
- Issues can be identified before they become a problem
- Changes can be made from a sustainability standpoint, including waste reduction
- Sharing the journey with customers through product stories and product footprint labelling
Discussion points in the podcast
Where and how do you start working with suppliers to reduce carbon emissions?
What information are customers interested in?
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