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Synopsis
Sustainability, which helps minimise the detrimental effect of business practices on the environment, economy, and society, gained increasing attention during the pandemic. The testing circumstances of this tumultuous event highlighted how factors such as resource optimisation, networking capability, innovativeness, and risk management — which drive sustainable supply chains — helped companies tide over disruptive times.
Recent interventions in supply-chain management point that sustainability could be a rejuvenator for supply chains ravaged by the pandemic and play a key role in broader risk management. UPS and De Beers are using blockchain to reduce their carbon footprint; Walmart is exploring the deployment of drones to optimise distribution networks; and BASF and Ford are using 3D printing to reduce wastage, improve resource efficiency, and rationalise
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