Sit and think about this ancient Chinese proverb for a minute. There are probably many areas of your personal life where this saying holds weight. At Component Sense, we believe this profound Chinese proverb also has implications for our electronic manufacturing industry.
Component Sense Blog
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In our most recent blog post, “Why a Sustainable Supply Chain makes Good Business and Environmental Sense,” we outlined the environmental and business benefits of an optimised supply chain. Making your supply chain more circular — and by extension, more sustainable — can result in a reduced impact on the environment, diminished costs, and improved customer satisfaction. The Boston Consulting Group — a corporate strategy firm — found that companies who improved their environmental performance “could not only improve the planet’s prospects but also significantly improve their business results” by adopting a circular economy model.
In this time of extensive climate change, many companies and governments are keen to demonstrate their commitment to sustainability. From cycle-to-work schemes and recycling initiatives to renewable energy legislation and plant-based diets, individuals and corporations are taking steps to lower their carbon footprint. It is important to note that, however well-meaning, these measures are minimal when compared to the major culprits of environmental destruction: mass production and global consumption.