Sustainability & Profit: Driving Retail Innovation at DELIVER America 2024
Sustainability: A New Driver of Retail Success
The panel discussion featuring: Ashley Allen, Senior Advisor, Corporate Sustainability - CO2EFFICIENT, Mawuse Ziegbe, Regional Director, Americas - Camper and David Reese, Head of Supply Chain North America - Who Gives A Crap, focused on the evolving role of sustainability in retail, moving beyond compliance to become a core driver of business value and a competitive advantage.
"Sustainability is really about driving value, how can a company bring sustainability into its purpose...into its business model and actually drive value and competitiveness with that element."
The panelists shared insights on how their respective companies are incorporating sustainability into their operations, from product design and sourcing to supply chain management and customer engagement.
Key Themes and Insights:
- Consumer Demand: Consumers, particularly younger generations, are increasingly prioritizing sustainability in their purchasing decisions.
- Ethical Considerations: Businesses are recognizing their responsibility to address social and environmental issues.
- Balancing Profit and Purpose: Sustainability is not necessarily a cost but can drive sales, brand loyalty, and long-term profitability.
- Supply Chain Collaboration: Partnerships and collaboration with suppliers are crucial for achieving sustainability goals.