Costs associated with adopting sustainable practices within the supply chain are sometimes admittedly higher: new and evolving technologies such as wind-powered and hydrogen-powered ocean vessels … can also come with a high price tag.
Sustainable Procurement: With Tender Season Upon Us, How Can Procurement Specialists Build Sustainable Supply Chains?
Procurement specialists can utilize data-rich tools to convince carriers that pursuing sustainability and seeking efficiencies within route optimization are complementary goals that can enable long-term value for a company.
Supply Chain Emissions in Tender Season: Three Strategies for Sustainable Logistics
While the tender season is known for rate negotiations, it also serves as a great opportunity for parties to discuss how they can reduce supply chain emissions within the supply chain.
Greening the Supply Chain During Tender Season: A Shippers’ Checklist
Recognizing the impact of tender season decisions on the global environment is crucial. Shippers are no longer mere passengers; they are stewards of sustainable practices, contributing to reducing carbon footprints in the vast ocean of global supply chains.
Maritime Disruptions in the Red Sea: Building Sustainability in Times of Crisis
Ocean shippers are searching for new ways to get their goods from Asia to Europe after the Suez Canal has become effectively closed to international trade.
Harnessing the Power of Searoutes API for Sustainable Freight Forwarding
In the current market, it has become critically important that freight forwarders strategize how they stand out in the industry to thrive as a business. Forwarders are seeing increased competition—underlined by M&As and a series of activities from ocean carriers buying into...
Supply Chain Sustainability KPIs: What are Procurement Managers Held Accountable To?
Reducing carbon emissions in shipping is a growing topic for supply chain leaders; however, for the discussion to turn into real change, it must dive deeper. Having a goal is not enough; measurable actions and results must clearly define the goal, often best quantified by key...
What is the EU Corporate Sustainability Reporting Directive (CSRD)?
In today’s world, businesses are expected to operate in a manner that is mindful of social and environmental issues, taking into account the impacts of their operations and making efforts to minimize negative effects. With the goal of helping companies make progress toward sustainability,...
ISSB Confirms Scope 3 Included in IFRS’ Climate Disclosure Standard: How CFOs & Heads of Sustainability Can Prepare
A number of challenges are inherent with Scope 3 emission reporting—measuring and tracking CO2 for what is outside of an organization’s control—but it is becoming more necessary to invest in a strategy for reporting and reducing these carbon emissions. The ISSB recently announced...
WHAT ARE EEXI AND CII? A SHIPPING INDUSTRY GUIDE TO SUSTAINABILITY REGULATIONS
In 2021, the International Maritime Organization (IMO) set 2030 as the target date to reduce ships’ carbon emissions by 40%. To reach this goal, the IMO and the Marine Environmental Protection Committee (MEPC) drafted amendments to existing greenhouse gas emissions regulations....