Australia's supply chain strategies lagging behind global financial sustainability standards

A recent report has found that Australia’s supply chain strategies are lagging behind global financial sustainability standards.  

The findings in the 2011 Global Sustainability Readiness Index have sparked calls from one of Australia’s leading experts on corporate financial sustainability, Tervor Barrows, for the urgent need for procurement and supply chain professionals to lift their organisation’s priority for end-to-end efficiency within the supply chain.

The report has highlighted how far behind Australian manufacturing, wholesale/retail and logistics companies are when compared against results from their global counterparts.

Speaking at the SMART Supply Chain Conference in Sydney this week, Barrows, Principal Consultant – Sustainability at Fujitsu Australia Limited, said: “There has been much talk about what could be achieved at the supply chain level but what I’m seeing is that it is still viewed in silos and that an end to end approach has not been achieved by mainstream business in this country.

“Australia is a laggard compared with the rest of the world largely due to the fact that we have been insulated from the worst of the global financial crisis. We’re not pushing hard enough on the efficiency and waste management front. And the unhelpfully confusing political messages surrounding carbon pricing are not encouraging Australian companies to move on from business as usual.,” he said.

Read more here.