Implementing Sustainable Raw Material Sourcing
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Apparel companies are implementing sustainable raw material sourcing across the value chain prioritizing practices such as investing in textiles using fibers from regenerative agriculture/carbon sequestration and increasing organic material content.
Sustainability Strategy: Implementing Sustainable Raw Material Sourcing
Sustainability Strategy Definition: Company spurs innovation in new materials development and substitutes more sustainable materials in existing products and packaging
Mediating Factors:
- Operational Efficiency: Optimize corporate and supply chain efficiencies to lower cost and increase profits
- Innovation: Create new revenue streams using sustainable business models
- Customer Loyalty: Attract an increasing community of conscious buyers & consumers, while reducing retention costs
- Sales & Marketing: Increase volume of sales through brand and marketing policies
- Risk Management: Encourage risk mitigation and resilience within the value chain
- Stakeholder Engagement: Improve goodwill amongst the broader stakeholder community (i.e. NGOs)
- Supplier Relations: Improve upon the relationships between the company and its suppliers
Mapping Sustainability Strategies, Practices, and Sub-Practices Across the Value Chain
Implementing Sustainable Raw Material Sourcing Walkthrough
Interested in learning how your company can invest in sustainability strategies like implementing sustainable raw material sourcing? NYU Stern CSB offers a deeper dive into the practices, sub-practices, mediating factors surrounding this sustainability strategy.
Monetization Toolkit
Interested in how we quantify apparel sustainability strategies? Explore NYU Stern CSB's Excel Toolkit that we use to help organizations understand how investing in sustainability initiatives can benefit their bottom line.