H&M encourages sustainable global supply chain
H&M signed a partnership agreement with the United Nations International Labour Organization (ILO) to promote sustainable global supply chains in the apparel industry. The new agreement focuses on the improvement of industrial relations, workers’ training and wages. It was also agreed to work together and strengthen employers’ and workers’ organizations. The agreement spans across national, enterprise and global levels, with the aim of reaching a large number of countries by 2018.
The H&M and ILO collaboration is aiming to set a new industry standard. It also encourages other apparel companies to join in and promote ILO’s Decent Work Agenda in the supply chain of the global garment industry.
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Unilever – best supply chain in Europe
According to the Gartner European Supply Chain Top 25 list, Unilever has the best supply chain of all the companies headquartered in Europe. A number of criteria were used to make the list: financial metrics (inventory, revenue growth and return on assets), as well as the opinions of Gartner supply chain analysts and peers.
The top three remained the same as last year (Unilever, Inditex and H&M), while Seagate Technology, Ahold, Delphi Automotive and Reckitt Benckiser joined the list for the first time. The fact that Unilever, Inditex and H&M remained leaders of the list show that these companies are looking at innovation as a continuous process and not a one-off event. This attitude helps them become resilient to European and global economy hardships.
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Keeping up with Virgin Media
Virgin Media managed to meet its sustainability goals earlier than planned. The company has completely eliminated landfill waste from its supply chain and reduced the energy usage of the television service by a third.
New targets for the upcoming year include 5% reduction in CO2 per £1 million of revenue, 15% reduction in gross carbon emissions and to further cut down total required energy. Virgin Media also plans to recycle and reuse 70% of office waste instead of sending it to the landfill.
These reductions have made Virgin Media’s supply chain more sustainable and efficient, encouraging other firms in the market to follow their example.
To read the full article, click here.
Have a nice weekend!