Assessing the organizations current regulatory landscape

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Reference no: EM133458376

Assignment:

Being a sustainable business means taking a holistic approach to business operations in order to reduce environmental impact, while also maximizing profitability. This involves examining a company's operations, resources, and product lifecycles to identify opportunities for reduction of waste, energy and water usage, and reliance on non-renewable resources. Additionally, a sustainable business should focus on social responsibility, such as taking steps to ensure fair wages and safe working conditions for its employees and suppliers.

A plan to address the political, regulatory, and technology environments that impact sustainability and supply chain strategies can include the following:

1. Assessing the organization's current regulatory landscape to ensure compliance with all applicable laws and regulations.

2. Examining the impact of global trade agreements on the organization's supply chain.

3. Researching new technologies that could improve the efficiency of the organization's supply chain.

4. Incorporating sustainability and social responsibility goals into the organization's supply chain strategy.

5. Developing a plan to reduce waste and reliance on non-renewable resources throughout the organization's supply chain.

For example, Starbucks is a global company that has taken steps to improve its sustainable business practices. In 2017, Starbucks launched a new sustainability initiative called "Cup for Change" which aims to reduce the reliance on non-renewable resources and increase the use of reusable cups. Additionally, the company has committed to purchasing 100% ethically sourced coffee by 2020 and has partnered with Conservation International to develop sustainable coffee growing practices.

The implications of globalization for Starbucks' supply chain strategy include increased competition, increased consumer demand for quality products, and the need to source sustainable materials. The key drivers of change that impact Starbucks' supply chain strategy include consumer tastes, sustainability concerns, and global trade agreements. Starbucks' dominant strategy is to focus on sustainability and ethical sourcing in order to maintain consumer loyalty and remain competitive in the global marketplace.

To improve its sustainability and profitability, Starbucks could further reduce its environmental impact by partnering with suppliers to develop innovative packaging solutions and increase the use of renewable resources. Additionally, Starbucks could focus on reducing waste throughout its supply chain by using more efficient production processes and investing in technologies that reduce waste. Finally, Starbucks could focus on improving its ethical sourcing practices by increasing collaboration with suppliers and creating a transparent supply chain.

Reference no: EM133458376

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