Adopt and Implement Supply Chain Sustainability and Circularity to Embrace Saudi Arabia Vision 2030
As organizations explore sustainability and the circular economy, five vital elements will be the focal point at the fifth Supply Chain and Logistic Conference on October 23, 2023 in Riyadh, Saudi Arabia. These components are pivotal for shaping sustainable supply chains, promoting a Life Cycle Approach to value chain circularity, integrating sustainability in daily functions, achieving the Vision 2030 Net Zero Carbon Emissions target, and setting comprehensive metrics for ESG and SDGs reporting. Together, these elements guide Saudi Arabia's journey towards a resilient, eco-friendly, and inclusive 2030 Vision.
01. Foundations of Sustainable Supply Chain
Saudi Arabia’s circular economy ambitions reveals that a sustainable supply chain is the foundation. Three pillars to focus on are: waste reduction, resource optimization, and process management. These might appear simple, but their real-world application can be challenging. Saudi Arabia's Vision 2030 and the Circular Economy Roadmap show that it's possible to attain a sustainable supply chain. But, the key lies in careful planning, innovative tactics, and mechanisms ensuring replicable and scalable outcomes.
02. Life Cycle Viewpoint for Value Chain Circularity
The Life Cycle approach offers an all-encompassing perspective of a product's life, from its inception to its end, and then explores opportunities to keep the material in circulation. This method requires analyzing the entire value chain for any inefficiencies and waste. The Life Cycle Approach uses well-established tools, now redefined to assess supply chain processes. By beginning with this comprehensive perspective, organizations can better understand their supply chains and find specific strategies to enhance circularity and sustainability.
03. Integrating Sustainability into Daily Operations
It's crucial to incorporate sustainability and circularity into the daily functions of manufacturing, distribution, and logistics. This shift isn't just a separate initiative; it should become part of everyday tasks. By setting precise goals and KPIs for each role, everyone in the organization becomes part of the sustainability journey. This method ensures that all stakeholders contribute to the organization's sustainable advancements.
04. Path to Net Zero Carbon Emissions for 2030
To meet Vision 2030's Net Zero Carbon Emissions goal, immediate action is essential. While the 2030 deadline is tight, with dedication, it's achievable. The cornerstone of this effort is innovation, which goes beyond just technology like AI. It's about sharing groundbreaking ideas and building powerful partnerships, especially in logistics, to develop efficient systems that help attain net-zero emissions.
05. Setting Standards for ESG and SDGs Reporting
Creating metrics for ESG and SDGs reporting is grounded in the principles of a sustainable and circular supply chain. ESG not only focuses on environmental responsibilities but also highlights an organization's societal impact. Similarly, the UN's 2030 SDGs offer a broader structure that aligns with ESG principles. By setting goals like Responsible Consumption and No Poverty, companies align with global benchmarks, thereby enhancing their ESG and SDGs reporting. Utilizing the mentioned systems guarantees a well-rounded approach to setting and measuring metrics, improving the quality and depth of ESG and SDGs reports.
On October 23, 2023 at 10:30 a.m. I will share insights and a roadmap with supply chain leaders and professionals from petrochemicals, mining, agriculture, automotive, logistics, distribution, food and beverage, consumer electronics, building materials, real estate, and technology in Saudi Arabia who contribute their efforts in logistics, warehousing, distribution, manufacturing, procurement, planning, human resources, finance, and sustainability.
If we work together, we can change the face of sustainability and establish truly circular supply chains. Let's work together to make a difference and contribute towards achieving Saudi Arabia's Vision 2030.
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Denice Viktoria Staaf
Supply Chain Diva | Sustainability and Circularity Expert | EPD and HPD Approved Preparer | Mentor and Coach | Supporter Women's Empowerment | Green Building Advocate
Global Director, Supply Chain Sustainability and Circularity Initiatives
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