Suppeco’s Post

The Path to Sustainable Supply Chain - Relationship or Imposition?? The following statistics clearly demonstrate the many challenges: 🔵 80% of a company's revenue is created by its suppliers. 🔵 Only 6% of companies have full visibility of their supply chain. 🔵 c95% of companies globally are SMEs. 🔵 The further upstream in supply chain, the smaller companies become. 🔵 43% of those smaller companies have ZERO visibility of their produce once it leaves their premises - they are busy just trying to keep the lights. 🔵 Many of them are asking "what's in it for me?" **which doesn't mean they don't want to support** An effective path toward a more sustainable supply chain requires more equitable and communicative relationships. Driving to NetZero is a journey of measurable operational improvement. But driving that change is **NOT JUST ABOUT DATA! It’s about WINNING HEARTS AND MINDS**. More on this here 📗 https://lnkd.in/d8Cuw4mt #suppeco #srm #csr #esg #heartsandminds #netzero

The latest findings from our Scope 3 Maturity Benchmark show significant opportunities for businesses to bridge the gap between corporate ambition and make meaningful progress towards #NetZero. With 2030 #sustainablity targets fast approaching, organizations may only have 2 sourcing cycles left to meet sustainability objectives and tackle #Scope3. Explore the latest findings from The Benchmark and how businesses can align ambition with practical action in Supply & Demand Chain Executive: https://bit.ly/3VNcI8v

The logistics and transportation sector significantly impacts global carbon emissions, making improvements crucial. As innovators, we recognize our role in shaping a sustainable and intelligent future for logistics. By efficiently managing shipping operations, reducing transportation distances through streamlined supply chains, and leveraging digital technologies, we can enhance both sustainability and efficiency in this industry. Digital transformation is crucial for efficiency and reduced energy consumption in our sector, leveraging advanced logistics software, route optimization, and predictive analytics to cut emissions and enhance transparency. Equally important is resilience, underscored by recent disruptions like COVID-19 and the Suez Canal blockage, driving the need for versatile supply chains and robust risk management. Investing in diversified supply chains, data analytics, and end-to-end solutions is key. Sustainability, digitalization, and resilience are shaping the future of logistics, and we're leading this transformative journey towards a decarbonized, digitized, and resilient logistics sector. #DPWorldAmericas #Logistics #SupplyChain #OurWorldOurFuture

The Made Smarter Innovation | Digital Supply Chain Hub is offering up to £115,000 in funding for businesses tackling supply chain challenges. Focus areas include: 🔹 Food supply chain - enhancing ESG measurements and metrics 🔹 Hydrogen supply chain - scale adoption for off-grid sites 🔹 Spares supply chain - standardised labelling for spare parts This call is aimed at innovators wishing to demonstrate their solutions' impact using real-world data from the DSCH's supply chain testbeds. Find out more >> https://lnkd.in/ePNhk5N8 #supplychain #supplychainmanagement #digitalsupplychain

The logistics and transportation sector significantly impacts global carbon emissions, making improvements crucial. As innovators, we recognize our role in shaping a sustainable and intelligent future for logistics. By efficiently managing shipping operations, reducing transportation distances through streamlined supply chains, and leveraging digital technologies, we can enhance both sustainability and efficiency in this industry. Digital transformation is crucial for efficiency and reduced energy consumption in our sector, leveraging advanced logistics software, route optimization, and predictive analytics to cut emissions and enhance transparency. Equally important is resilience, underscored by recent disruptions like COVID-19 and the Suez Canal blockage, driving the need for versatile supply chains and robust risk management. Investing in diversified supply chains, data analytics, and end-to-end solutions is key. Sustainability, digitalization, and resilience are shaping the future of logistics, and we're leading this transformative journey towards a decarbonized, digitized, and resilient logistics sector. #DPWorldAmericas #Logistics #SupplyChain #OurWorldOurFuture

In the shipping industry, the overlooked task of moving empty containers significantly impacts costs, accounting for 5% to 8% of operating expenses, with Transmetrics highlighting that there are additional costs for the storage of empty containers and their maintenance, so the total cost of empty logistics is estimated by Transmetrics to be more than 12% of operating costs. George Kochanowski, CEO of Staxxon, points out a critical issue: Last year, repositioning costs per container ranged from $25,000 to $40,000, driven by rising labor, fuel, and land use expenses. Third of container movements are empty, leading to 60 million such moves yearly and costing the industry $20 billion. But here lies the opportunity: Can we rethink and innovate within this space to not only reduce costs but also increase efficiency and sustainability? How can appearing technologies, specifically smart containers help to alleviate this $20 billion challenge? This is a question worth asking and investigating. 

Visibility is a key to effectiveness and efficiency, but the real breakthroughs in supply chain management will only be achieved by those actors that combine technological edge with best human and social practices across global supply chain networks. #supplychains #visibility #transparency #technology #relationships

Enhancing Supply Chain Transparency in the ESG Era: Insights from Wolfgang Lehmacher In a recent roundtable discussion on optimizing supply chains within the Environmental, Social, and Governance (ESG) framework, Wolfgang Lehmacher, Partner at Anchor Group and Advisor at Topan AG, emphasized the critical role of transparency and visibility. He highlighted that in today's complex supply chains, visibility is not just a requirement but a cornerstone for effective supply chain management. Digitally advanced companies have demonstrated superior performance by leveraging technology to maintain transparency across their operations. Our digital tooling solutions are designed to elevate visibility within the supply chain for Fortune 500 Original Equipment Manufacturers (OEMs) that partner with global suppliers for their tooling needs. By utilizing our cutting-edge digitalization technology, these companies can now overcome traditional barriers and enhance visibility across their tier suppliers. Discover how the strategic use of tooling data can transform your supply chain management and position your company for success in the dynamic ESG era: https://www.emoldino.com/ #supplychainvisibility #supplychaintransparency #esg

🌍 𝗧𝗵𝗲 𝗙𝘂𝘁𝘂𝗿𝗲 𝗼𝗳 𝗟𝗼𝗴𝗶𝘀𝘁𝗶𝗰𝘀: 𝗦𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗹𝗲 𝗣𝗿𝗮𝗰𝘁𝗶𝗰𝗲𝘀 𝗳𝗼𝗿 𝗮 𝗡𝗲𝘁 𝗭𝗲𝗿𝗼 𝗧𝗼𝗺𝗼𝗿𝗿𝗼𝘄 The #logistics industry is at the forefront of the sustainability revolution. 🌿 By integrating sustainable practices, companies can significantly reduce their #carbonfootprint and contribute to a greener planet. 🌎 In last week's webinar with Supply Chain Media BV, we delved into the critical issues surrounding Scope 3 emission reporting. 🌿 We explored the complexities of #CSRD and discussed how we can streamline internal processes and enhance intercompany #emission data transfer. 𝗴𝗿𝘆𝗻 is a carbon visibility platform empowering enterprises with tools to automate #Scope3 carbon reporting, set reduction targets, and track their progress. 📊 Our platform not only validates and standardizes data but also ensures #compliance with industry regulations. ✅ Join the movement towards a sustainable #netzero future and make your logistics operations more #efficient and eco-friendly. 💚 Book your demo and streamline sustainability with 𝗴𝗿𝘆𝗻.𝗰𝗼𝗺, link in the comments below 👇 #SustainableLogistics #NetZero #GreenLogistics #CarbonFootprint #EcoFriendly #LogisticsInnovation #Scope3Emissions #CarbonReduction #gryn  

💡𝗢𝘂𝗿 𝗸𝗲𝘆 𝘁𝗮𝗸𝗲𝗮𝘄𝗮𝘆𝘀 𝗳𝗿𝗼𝗺 𝘁𝗵𝗲 𝗘𝘂𝗿𝗼𝗽𝗲𝗮𝗻 𝗣𝗿𝗼𝗰𝘂𝗿𝗲𝗺𝗲𝗻𝘁 & 𝗦𝘂𝗽𝗽𝗹𝘆 𝗖𝗵𝗮𝗶𝗻 𝗘𝘅𝗰𝗲𝗹𝗹𝗲𝗻𝗰𝗲 𝗦𝘂𝗺𝗺𝗶𝘁💡    At the recent EP&SCE Summit, industry leaders gathered to explore the urgent need for transformation in procurement, driven by sustainability goals and compliance with evolving legislation. ctrl+s GmbH and Siemens partnered to discuss the importance of decarbonizing supply chains and provide solutions for CPOs to manage Scope 3 emissions.    ⚙️ 𝗧𝗿𝗮𝗻𝘀𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻 𝗮𝗻𝗱 𝘁𝗵𝗲 𝗘𝘃𝗼𝗹𝘃𝗶𝗻𝗴 𝗥𝗼𝗹𝗲 𝗼𝗳 𝘁𝗵𝗲 𝗖𝗣𝗢 Transformation emerged as the central theme of the summit, driven by the twin imperatives of sustainability and regulatory compliance. Anticipating future challenges such as geopolitical shifts and volatile raw material prices is critical. In addition, ensuring supply chain resilience is paramount. In particular, there's a growing recognition that Chief Procurement Officers (CPOs) may soon evolve into Chief Data Officers. This underscores the growing importance of data-driven decision making in navigating the complexities of modern supply chains.   ❗️𝗣𝗿𝗼𝗰𝘂𝗿𝗲𝗺𝗲𝗻𝘁 𝗳𝗮𝗰𝗲𝘀 𝗺𝗮𝗻𝘆 𝗰𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲𝘀 The summit also highlighted the challenges procurement departments are facing, including high turnover rates and a lack of control over the supply chain. To address these challenges, a shift to a people-focused approach to supply chain transformation (e.g. building team cohesion, implementing customer-centric strategies, etc.) was advocated, emphasizing the importance of unifying teams and improving efficiency and resilience.   🪴 𝗜𝗻𝘁𝗲𝗴𝗿𝗮𝘁𝗶𝗻𝗴 𝘀𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗶𝗹𝗶𝘁𝘆 𝗶𝘀 𝗸𝗲𝘆 Integrating sustainability into procurement practices can improve resilience - but it also requires data-driven decision making. The summit featured lively discussions on how to drive sustainability: Henkel, for example, demonstrated its commitment to reducing CO2 emissions and promoting sustainability across its supplier base by implementing supplier engagement programs. Similarly, the Siemens and ctrl+s roundtable presented a pragmatic approach to tracking emissions reductions along the supply chain, combining statistical data/industry averages and targeted supplier survey data.   Thanks to the Bundesverband Materialwirtschaft, Einkauf und Logistik e.V. (BME) team for this great event and to Tupac Celery for the valuable partnership! #EPSCE2024 #Procurement #SupplyChain #Sustainability #WeTalkNumbers