“Processes underpin everything a company does, from product conception to production, distribution and fulfilment. By making them more efficient, we can make the world more sustainable.” Via WIREDUK WIREDWorld2022
Processes underpin everything a company does, from product conception to production, distribution and fulfilment. By making them more efficient, we can make the world more sustainable. But many of these processes have been developed in a piecemeal fashion, so they are incredibly inefficient.
This is particularly critical for industries with large supply chains. A report produced this year by the World Economic Forum shows that eight global supply-chain inefficiencies account for more than 50 per cent of all carbon emissions, with food alone representing about 25 per cent. In 2022, companies will see the advantages to be gained by streamlining supply chains through better use of data. Procurement will be a good place to start. In 2022 companies will use data to influence their suppliers to be more sustainable. And they will extend that use of data into every decision, using it, for example, to look for corruption or evidence of forced labour in supply chains.
As part of its sustainability strategy, Lufthansa CityLine, which operates flights out of Frankfurt and Munich, is working with my startup to use continuous analysis of its fuel-ordering process to help improve decision-making and reduce fuel consumption.
In 2022, companies will be increasingly differentiated by how sustainable they are. Many more of them will realise that it is through streamlining their processes that they can achieve greater efficiency, greater sustainability and emit less carbon into the atmosphere.
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