June 27, 2008 – Supply chain executives striving to green their operations are finding themselves most hamstrung by difficulties in justifying the cost of implementation, according to a new survey.<\/p>\n
The survey of 250 supply chain executives finds that of the 78% who are either currently implementing or evaluating green initiatives, close to two-thirds consider “cost justification” the greatest barrier to implementation. Of those currently implementing a green program, 40% say they have not established a method to measure return on investment.<\/p>\n
“Companies clearly need an effective method to identify and quantify high-impact areas throughout their supply chain and ensure their investments are green – especially in cases where these efforts also drive improved profitability,” says Brad Barton of IT services firm CSC, which co-produced the study.<\/p>\n
(The lack of useful green metrics isn’t limited to sourcing functions; a survey released in March<\/a> found that many companies are hesitant to incorporate sustainability into financial strategy without concrete metrics for evaluating the prospective benefits.)<\/p>\n Despite the lack of clear metrics, however, most companies appear to recognize the importance of reducing environmental impact by optimizing supply-chain efficiency, the supply chain survey notes. More than of respondents say they have a documented sustainability strategy at the corporate level, and about the same number say their company has a senior executive dedicated to this effort.<\/p>\n Nearly two-thirds say waste disposal and recycling are the most important environmental issues to address. More than a third are involved in the U.S. EPA’s SmartWay Transport program, and 25% report that their organization is actively involved in other sustainability-related groups, such as the Green Suppliers Network and the Carbon Disclosure Project.<\/p>\n Sustainable Life Media<\/p>\n","protected":false},"excerpt":{"rendered":" June 27, 2008 – Supply chain executives striving to green their operations are finding themselves most hamstrung by difficulties in justifying the cost of implementation, according to a new survey. The survey of 250 supply chain executives finds that of the 78% who are either currently implementing or evaluating green initiatives, close to two-thirds consider… Continue reading Cost Justification Called Top Barrier To Greener Supply Chains<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[5],"tags":[],"class_list":["post-218","post","type-post","status-publish","format-standard","hentry","category-risk","entry"],"_links":{"self":[{"href":"https:\/\/estrategist.com\/members\/wp-json\/wp\/v2\/posts\/218","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/estrategist.com\/members\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/estrategist.com\/members\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/estrategist.com\/members\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/estrategist.com\/members\/wp-json\/wp\/v2\/comments?post=218"}],"version-history":[{"count":0,"href":"https:\/\/estrategist.com\/members\/wp-json\/wp\/v2\/posts\/218\/revisions"}],"wp:attachment":[{"href":"https:\/\/estrategist.com\/members\/wp-json\/wp\/v2\/media?parent=218"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/estrategist.com\/members\/wp-json\/wp\/v2\/categories?post=218"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/estrategist.com\/members\/wp-json\/wp\/v2\/tags?post=218"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}