Supply Chain Resilience and Sustainability in Today’s World
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November 15, 2022With the ongoing pandemic, geopolitical tensions, wars and violent cost fluctuations, global supply chains have experienced considerable disturbance during the last two years. Given the current situation, the rising interest rates, and the increased pronounced effects of climate change, it is fair to say that international trade and related supply chains will continue to face uncertainty. Hence arises a committing need to re-think and build more resilient and sustainable supply chains.
Shifting from Linear to Circular Models
In recent years, an urge has emerged for businesses dealing in goods to shift from purely linear supply chains to more circular ones. More and more businesses are planning for a certain level of circularity in their supply chains. This means reusing and recycling parts and materials in the manufacturing process that previously were disposed of as waste. This type of circularity helps in reducing cost and waste. Looking further, at the packaging used in supply chains, it has become evident that similar benefits of a circular mindset are easily attainable.
Despite cost pressures and a detrimental impact on the environment, single-use packaging is still used widely today. Single-use packaging is not only wasteful because it cannot be reused, but it is also increasingly prone to damage during transport. After the first use, or trade lane, the single-use packaging usually goes one of two ways; it is left idle to take up valuable storage space, or it is discarded. This in turn creates a packaging need to be produced in large numbers annually to meet the ever-growing global demand of businesses today. The repercussions are not only felt by our environment, but also by businesses, whose logistics costs continue to rise and any attempts to decarbonize remain futile.
Single-use packaging is no longer a viable option for businesses that want to thrive and survive in today's world, where sustainability is a key consideration, for consumers and governments alike. The key to moving logistics towards circular models is to use reusable, robust, and resilient packaging.
Supporting the development of today's supply chain ecosystems
Business models must pivot towards a sustainable packaging solution that has reusability and durability at its core. At the same time, future packaging and container solutions need to ensure traceability and enable seamless integration into bigger supply chain management systems.
Supply chain solutions that motivate and serve customers are at the heart of a successful business. Efficient, safe and sustainable packaging solutions are crucial to this endeavour and can even cushion the impact of current hurdles affecting global commerce. In the final instance, businesses must recognise that agility and scalability are not incompatible with growth but will instead ensure longevity. Without these elements, resilience will be unattainable and supply chains will continue to be mired in their current afflictions.
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Goodpack is a world leader in the provision of supply chain solutions enabled by a network of strategically located global depots and fleets of reusable metal containers. Goodpack is an innovator in developing safe, sustainable and cost-efficient transportation and storage solutions for challenging payloads, including natural and synthetic rubber, food and liquids and specialty industrial goods such as automotive components and tires.
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