Taking the Road Less Traveled
Which country in 1995 first pushed for a circular economy? (Recycling economy)
Japan
What tool could allow you to assess and measure your performance in terms of sustainability?
Based on which dimensions/pillars ?
Triple Bottom Line
Social, Environmental and Financial.
TRUE or FALSE : . Changing consumers' behavior to be sustainable becomes necessary for a successful product design or business model
TRUE
What is the best defined meaning of sustainability?
‘Meeting the needs of today without compromising the ability of future generations from also meeting their needs’
What is a closed loop supply chain? How does it differ from a linear supply chain?
A forward SC only considers raw material, design and manufacturing, distribution, and use. A backward SC is also called reverse supply chain, or reverse logistics. It also includes disposal. SC could be seen as a closed loop SCM with both forward SC and backward SC. The activity in the closed SC includes material selection, distribution planning, inventory management, production planning, and recycling issues.
TRUE or FALSE : Transparency of sustainability performance through multiple tiers of the supply chain (i.e. having accurate, verified, direct and immediate access to information concerning product manufacture and processing) will entail Greenwashing to decline.
TRUE. How could you avoid greenwashing (aside from being transparent)?
What is the conclusion of the Jevon's Paradox?
Less is more! Production process is more efficient, so the output is cheaper thus, the number of units consumed rises as well.
Name five current new technologies which are important to sustainability:
(1) Internet of things (IoT)
(2) Cloud computing
(3) Smart factories
(4) Big data
(5) Artificial intelligence
Fill in the gaps: Eco-innovation is the process of developing new ______, _______ or ______ which provide customer and business value but significantly decrease ________ impacts.
Eco-innovation is the process of developing new products, processes or services which provide customer and business value but significantly decrease environmental impacts.
Fill in the gaps: "_______ ________ is a regenerative system in which resource input and waste, emission and energy leakage are minimized by slowing, closing and narrowing material and electrical loops."
Circular Economy
Which technology of Ind.4.0 enables you to achieve better efficiency in renewable and electrical energy, forecast energy consumption and optimize the energy systems ?
AI
Why should companies adapt sustainable practices?
Add brand value, meet consumer demands, increase efficiency, attract valuable talent and create new opportunities.
How can a company minimize the risks associated with the implementation of sustainability?
(Open Ended)
Explain why micro-manufacturing is agile and resilient?
High-mix, low volume capabilities, it can adapt to market changes really quick.
Name three ways companies can address sustainability and incorporate it into their daily activities?
Design more Durable Products
Source New or Certified materials
Innovative (less energy consuming) processes, Ind. 4.0 Technologies
Change the consumers’ behavior
Reverse logistics, 3R
Integrate all the members in the SC to achieve the common goal and create new business model.