In the spotlight today, WBR Insights - Supply Chain's brand new for February 2024, the LogiChem Europe Sustainability Through Collaboration Report ♻️📝
❓ When you survey 100 of the biggest leaders in the chemicals supply chain industry from across Europe on how we can all come together to build a more sustainable future, you're bound to wind up with some pretty interesting results.
🚀 Exciting revelations from the LogiChem Sustainability Through Collaboration Report sheds light on key strategies shaping a greener future. Here are some standout findings:
🔵 A Data Sharing Challenge
Chemical supply chain leaders face tough challenges around sharing data with key stakeholders in their efforts to reduce carbon emissions. Forty-six per cent of respondents said data silos remain their biggest challenge. With so many incompatible systems stretched across all functions, chemical manufacturers are struggling to access data in a standardised format which permits accurate and timely sharing 🌐📈
🔵 Circular Business Models
In their efforts to reduce waste and minimise carbon emissions, many are implementing circular business models. Once successfully integrated, circular business models will be key value creators, lowering the costs of materials through recycling and decreasing energy consumption. According to our research, 84% of organisations surveyed are either developing a circular business model, or plan to implement one in the next two to five years 📊🌍
🔵 Collaboration Conundrum
A lack of proper infrastructure, tracking emissions and a reluctance to share data are just some of the challenges chemical manufacturers face in their collaboration efforts.
Effective collaboration in this space requires total buy-in from all stakeholders, transparency, and a willingness to work together for future thinking. According to our research, this is something the industry is struggling with, and further progress is an absolute must 🤝🗣️
The research in our report has built a collaborative sustainability road map for supply chain leaders to follow to push forward their sustainability goals!💡
Be part of the journey…. Download your FREE copy here 👇
https://lnkd.in/gvZX3bCM
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