In: Finance
What sustainability strategies might you recommend for the industry sector in which you work, or intend to work? (These recommendations should be different from or at least much more detailed than those listed in the answer to the previous question.) Explain why you would make these recommendations. Consider time frames, likely effectiveness and costs.
PartI
Sustainability strategies
To recommend sustainability strategies for an industry or sector , let us apply the concept in Logistics/Transportation Sector . Every business needs to prioritize. For corporate responsibility and sustainability professionals, a strategy sets out the priorities. It provides an agreed framework for deploying resources, creating an impact and communicating results.
Why ?
The distribution of products affects the local air quality, induces noise and disturbance, induces injuries and contributes significantly to global warming. Logistics has become particularly worried about the consequences of climate change in recent years , in part because of stricter emissions regulations and
Improvements in public safety have mitigated the other Problems,
but also since modern study has proven
Global warming is a far larger and near threat
As considered then. Freight transport is estimated to account for
approximately 8% of CO2 pollution from electricity around the
planet
Time frames,
The time frame depends on the method of creating realistic proposals and tactics to guarantee a project's long-term survival. The emphasis of attention is on a range of tools and competences required for the project's implementation – global, political, logistical, strategic, educational, cultural , social and economic.
Likely effectiveness
The effectiveness depends on the adoption of the following strategies -
1. Strategic Restructuring of logistics systems and supply chains
2.Transferring freight to ‘greener’ transport modes
3.Reducing the environmental impact of warehousing
4. Adoption of urban consolidation centres (UCCs)
Costs.
A number of Fixed Costs, Sunk Costs, Entry Barriers exisit in the path of adoption of hte plan.
potentially high set-up costs (and sometimes high operating costs)
The potential transport and environmental benefits of UCCs have
to be weighed against the potential costs associated with
consolidation that can include:
•• capital and operating costs of UCCs;
•• an additional handling stage in the supply chain;
•• security, liability and customer service issues associated with
additional
companies handling goods.