Exploring the Economic Advantage of Sustainable Supply Chains

A new report by DP World and Supply Chain Dive’s studioID, Sustainability Drives Financial Benefit Across Supply Chains, explores how supply chain sustainability has emerged as a profitable business strategy.

This survey-driven report, which polled 150 leaders in operations, supply chain, and procurement roles, reveals a significant shift in how businesses view and implement sustainability. Today, the opportunity to reap economic advantage is influencing everything from how companies spend their money to partner selections and approaches to carbon accounting.

Key Insights from the Report

This insightful industry report provides a closer look at how companies are increasingly recognizing the economic advantages in sustainability investments.

Increased Confidence: 82% of respondents agree that organizations embracing sustainability experience improved financial performance over time.

Efficiency and Resilience Drive Investments: 36% of respondents are motivated by efficiency or financial gains from sustainability initiatives, 30% by the resilience benefits, and 32% believe supply chain sustainability measures offer a competitive advantage.

Sustainability is Winning Focus and Budgets: 74% report a heightened priority on supply chain sustainability and decarbonization compared to three years ago.

Supply Chain Reconfiguration and Collaboration: To reconfigure their supply chains, companies are considering nearshoring or reshoring their manufacturing operations, and collaborating within their industries on decarbonization measures.

Supplier Decarbonization Capabilities: 44% of respondents say that a company’s decarbonization and sustainability capabilities are “very or extremely influential” on their vendor selection process.