The last two years, due to the COVID-19 pandemic, put chemical supply chains into the spotlight. Countless examples of companies embracing resilience and collaborative measures were evident during this phase. But crisis often presents opportunities to reflect and rethink, and this was no different. Beyond these measures, was a call for change, a call to transform, adopt new strategies, build efficiency and resilience, and navigate the storms for the next inevitable disruption.
With countries and companies pledging their support towards carbon neutrality and achieving net-zero goals, supply chain decarbonization has the potential to create a positive impact. Addressing Scope 3 emissions is fundamental for companies to realize these commitments and to create long-term value. Companies can leverage by engaging with suppliers to create a net-zero supply chain, reduce emissions, and boost their climate impact. Collaboration amongst corporations, investors, governments, and the value chain play a leading role and will bring in systemic changes in supply chain, to mitigate future risks. Scope 3 emissions also include those from employees commuting as well as business travel, and it calls for a cultural change within organizations.
New areas of growth are here, from reverse logistics to new transport solutions to new energy storage systems, these are set to make big positive changes to supply chain and logistics. Not forgetting the digital side, it is important to put humans at the centre of your digital transformation efforts by upskilling, retaining critical skills and placing them above technology to create new growth opportunities. A customer-centric supply chain is vital to meet the needs of customers to drive differentiation, growth and profitability.