Sustainable supply chains make good business sense. According to the Economist Intelligence Unit, online searches for sustainable goods has risen 71% globally over the past five years. A survey from McKinsey & Co also shows that 66% of all respondents and 75% of millennial respondents consider sustainability when making a purchase. Besides increasing potential revenue, sustainable supply chains also help companies mitigate risks. Climate change can put business continuity at risk given extreme weather disruptions and growing resource scarcities. At the same time, with the rise of climate regulations, non-compliance can result in potential penalties and reputational damage. Unsustainable supply chains therefore can be a material risk for companies.
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