Green Supply Chain

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Contents

Abstract………………………………………………………………………………………………………………2

Introduction………………………………………………………………………………………………………..2

Importance of Green Supply Chain……………...................................................................................3

Political, Economic and Consumer concern…………………………………………………………..4

Critical drivers for companies to adopt GSC………………………………………………………….5

The Green Network and emission Control………...........................................................................7

Implementing the Green Network………………………………………………………………………..8

Voluntary Certifications…………………………………………………………………………………..8

Life Cycle Impact Assessment…....................................................................................................9

Chemical Service Management……………………………………………………………………….9

Lean Supply Chain………………………………………………………………………………………...10

Reverse Logistics………………………………………………………………………………………….10

Managerial Practices in implementing GSC practices…………………………………..11

Green Logistics Initiative in the UAE…………………………………………………………………..11

References……………………………………………………………………………………………………….12

Green Supply Chain: Translating Green Supply Chain Practices to Business Value

Abstract
This study emphasizes on the changing definition of Green Supply Chain Management from being a mere CSR or a long term sustainability activity undertaken by a company just to showcase its Environmental Obligations to a more proactive Profit-Motive driven management initiative that can boost the bottom line of the company significantly in a short term. The study identifies how the best management practices in an organization are infact indirectly aligned to the Environment friendly initiatives and vice versa. Given the pretext, an organization can set “Green Goals” as its objective first and as a consequence can achieve higher financial growth and improved efficiency. This study offers suggestions on the various processes of implementing a green supply chain in an organization and the global trends.

Introduction

The threat posed to the planet on account of Global Warming has now become imminent. The amount of carbon dioxide proportion in the atmosphere has risen from around 280 parts per million before industrial revolution to almost 380 parts per million today, and its rise is accelerating. At present 2 parts per million of Carbon Dioxide is being added to the atmosphere annually across the globe. It was found that a rise in carbon dioxide proportions to more than 450 parts per million would lead to an increase in temperature up to 2 degrees centigrade which would result in faster and irreversible melting of Greenland and Antarctic ice .This would increase the sea level by 23 feet, and have serious consequences for human habitat.[i] Without strong measures being initiated by the leadership across the globe, this cataclysm cannot be prevented. For this to happen, large scale technological and social change driven by strong financial and political impetus is necessary.

Accordingly, countries across the globe joined forces under United Nations Framework Convention on Climate Change, to sign Kyoto Protocol on February 16, 2005, which aims at reducing collective emissions by 5.2% compared to 1990 levels from developed countries. This treaty gives exemption to the developing countries to help them catch up with the industrialized world.

The Corporate world is waking to this new Socio Economic reality. The paradigm has changed. The need for a Green supply chain has gathered momentum. The Corporate interpretation of a Green Supply Chain has evolved from being an Eco-friendly or CSR initiative to a Profit maximizing and Cost Reducing Business Opportunity. Supply Chain is traditionally defined as sequence of value addition activities of

converting a raw material into a finished good. Earlier, it was seen as a Forward Logistics activity where the...
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