L8: Sustainable Supply Chain Management and Logistics Flashcards
Describe business implications of climate change
- Climate change presents unique risks due to its global impact, long-term nature, and irreversibility.
- Companies face regulatory, supply chain, product and technology, litigation, reputational, and physical risks.
- Investors and big companies demand more disclosure on climate-risk positioning.
- Recognition that climate change can create both risks and opportunities for businesses.
Describe the six specific business risks associated with climate change
Regulatory Risk: Companies affected by emission regulations; European Union’s Emissions Trading Scheme.
Supply Chain Risk: Vulnerability of suppliers, potential for higher component and energy costs.
Product and Technology Risk: Companies adapting to low-carbon products, opportunities in new markets.
Litigation Risk: Threat of lawsuits against companies contributing to climate change.
Reputational Risk: Public perception impacting brand value; potential consumer or shareholder backlash.
Physical Risk: Direct risk from climate change affecting industries dependent on the environment.
Mention upsides associated with the growing focus on sustainability for some industries
- Industries such as “green buildings” experience growth due to rising energy prices and sustainability concerns.
- Green technology seen as a significant money-making opportunity.
Which are the four steps to improve climate competitiveness
Step 1: Quantify carbon footprint; understand emissions and track over time.
Step 2: Assess carbon-related risks and opportunities; consider financial impact.
Step 3: Adapt business in response to risks and opportunities; move beyond energy reduction.
Step 4: Outperform competitors by reducing exposure and finding business opportunities.
What is the difference between transport, logistics and supply chain management?
Transport: Defined as the movement of goods which creates both time and place utility. (efficiency depends on the transport network used, requires multi-modal systems), bundle of services in order to fulfill the costumers requirement
Logistics: part of the supply chain management that plans, implements and controls the efficient, effective forward and reverses flow and storage of goods, services and related information between the point of origin and the point of consumption in order to meet customers´requirements
Describe the evolution of logistics integration and supply chain management
Why is it important for companies to coordinate between each other in relation to supply chain management
What is the difference between an “environmental supply chain” and porter´s value chain
What are the environmental effects of transport
What are examples of greener transport modes
Give examples of initiatives among transport-buying companies
How can competitiveness of an industry illustrate in an environmental discourse
what are the potential problems for transportation
congestion, empty running of vehicles, noise and environmental problems
What are some boundaries for logistics
- inbound and outbound transportation management
- fleet management
- warehousing
- material handling
- order fulfillment
- logistics network design
- inventory management
- supply/demand planning
- management of third party logistics services providers
