Exploring the Relationship Between Technology, Supply Chain Sustainability, and Costs in the Consumer Packaged Goods Industry

Description
Supply chain sustainability has become an increasingly important topic for corporations due to consumer demands, regulatory requirements, and employee retention and productivity. Since more and more stakeholders are beginning to care about sustainability, companies are looking at how they can reduce their carbon

Supply chain sustainability has become an increasingly important topic for corporations due to consumer demands, regulatory requirements, and employee retention and productivity. Since more and more stakeholders are beginning to care about sustainability, companies are looking at how they can reduce their carbon footprint without it leading to higher costs. Although sustainable supply chain operations are often associated with higher costs, new technology has surfaced within the last decade that makes this association come into question. This paper serves as an investigation on whether or not implementation of recent technology will not only make for more sustainable supply chains, but also bring cost savings to a company. For the sake of simplicity, this paper analyzes the topic within the context of the consumer packaged goods (CPG) industry. The three categories of technology that were evaluated are artificial intelligence, Internet of Things, and data integration systems. Internship projects and/or published case studies and articles were examined to explore the relationship between the technology, supply chain sustainability, and costs. The findings of this paper indicate that recent technology offers companies innovative sustainability solutions to supply chains without sacrificing cost. This calls for CPG companies to invest in and implement technology that allows for more sustainable supply chains. Shying away from this because of cost concerns is no longer necessary.
Date Created
2024-05
Agent

The Influence of a Company’s Supply Chain Towards its Stock Volatility

Description

The Supply Chain of a company is the most critical component of a business as it directly impacts a company’s ability to deliver products/services to customers is a timely, cost effective method. With this amount of importance, a resilient supply

The Supply Chain of a company is the most critical component of a business as it directly impacts a company’s ability to deliver products/services to customers is a timely, cost effective method. With this amount of importance, a resilient supply chain is pivotal for positive future earnings in each successive quarter. Two pivotal metrics to gauge a Supply Chain include Production Delays and Excess Inventory. Through in-depth analysis, it was found that these metrics had caused abnormal amounts of price volatility with a stock’s performance. Understanding these metrics, the impact and lesson that COVID had taught, and analyzing earnings transcripts of publicly traded company’s demonstrates the use of Supply Chain health in comparison to company performance. This thesis aims to examine how a company's supply chain affects its performance, by analyzing different metrics and disruptions that have caused significant volatility in the stock market. The objective is to help investors maximize their profitability or reduce their risk by identifying the key factors that impact a company's supply chain.

Date Created
2023-05
Agent

Sustainable Styrofoam Alternatives for Packaging - An Overview and Factors Deterring Widespread Use

Description

The purpose of this thesis is to gain exposure to current supply chain research topics through attendance of four seminars. The first portion of this paper includes summaries of each of the four seminars that I attended. These summaries are

The purpose of this thesis is to gain exposure to current supply chain research topics through attendance of four seminars. The first portion of this paper includes summaries of each of the four seminars that I attended. These summaries are followed by an analysis of sustainable Styrofoam alternatives with a focus on factors deterring widespread use of these alternatives. This topic relates to the first seminar I attended, presented by Dr. Karen Donohue from the University of Minnesota. Specific areas of Donohue’s presentation — the shift toward e-commerce, and consolidated shipping with reduced packaging— sparked my interest in available alternatives for a popular, but unsustainable, packaging material: Styrofoam. I primarily considered journals and articles for the second portion of this thesis, but I also investigated these alternatives through visiting manufacturer websites discussing available products, production processes, and other available information.

Date Created
2023-05
Agent

Anticipatory Shipping: A Simulation Study on Its Effectiveness

Description

This article explores the concept of anticipatory shipping, which involves shipping products to a warehouse before a customer places an order based on predictions of what they may want. The author uses Amazon's patent for anticipatory shipping as a case

This article explores the concept of anticipatory shipping, which involves shipping products to a warehouse before a customer places an order based on predictions of what they may want. The author uses Amazon's patent for anticipatory shipping as a case study to explain how the company has implemented this approach in its logistics operations. The article includes Amazon's Anticipatory Shipping Flow Chart and Simulation of the Anticipatory Shipping System, as well as quantitative comparison and discussion of its potential benefits and limitations. The author also examines the existing research on anticipatory shipping and proposes areas for further study.

Date Created
2023-05
Agent

Combating Food Insecurity Among College Students and the Logistical Challenges

165326-Thumbnail Image.png
Description
Food Insecurity amongst college students is a growing issue in today’s society due to the lack of access to food and programs commonly used for food assistance. Logistical issues present a unique challenge in feeding food-insecure college students. And the

Food Insecurity amongst college students is a growing issue in today’s society due to the lack of access to food and programs commonly used for food assistance. Logistical issues present a unique challenge in feeding food-insecure college students. And the stigma associated with this food insecurity may cause students to avoid seeking assistance. Students are only able to address this challenge through 3 main solutions: pantries, meal swipe programs, and drive-thru pantries. Food insecurity challenges that individuals face can be found on Arizona State University campus. Currently, food insecurity is only addressed on campus through pantries and distribution centers. These are run through student-led organizations and typically are partnered with food banks or charities within the area. These solutions can be inconsistent and deal with logistic challenges like space, storage, and transportation. One of the proposed solutions to these challenges is programs like the Food Recovery Network.
Date Created
2022-05
Agent

Finance and Supply Chain Operations Post Pandemic: A Guide for Small Businesses Post Pandemic

164675-Thumbnail Image.png
Description
This thesis examines real experiences of how small businesses responded to the COVID-19 pandemic in order to generate recommendations for said businesses post pandemic from a finance and supply chain perspective. A literature review finds that several trends that emerged

This thesis examines real experiences of how small businesses responded to the COVID-19 pandemic in order to generate recommendations for said businesses post pandemic from a finance and supply chain perspective. A literature review finds that several trends that emerged over the pandemic, such as supply and demand changes, workforce difficulties, financing struggles, and the effectiveness of the Payment Protection Program. Next, we conducted a survey of local small businesses based on the findings in the literature review. The survey aimed to examine managers’ struggles, strategies, and responses to the pandemic. The survey responses were examined and then analyzed to find how they compare to the statistics from the literature review. The findings from the results and other sources served as the basis for which small business recommendations are made on how to prepare for future unprecedented economic crises and better situate themselves to respond.
Date Created
2022-05
Agent

Finance and Supply Chain Operations Post Pandemic: A Guide for Small Businesses Post Pandemic

164573-Thumbnail Image.png
Description
This thesis examines real experiences of how small businesses responded to the COVID-19 pandemic in order to generate recommendations for said businesses post pandemic from a finance and supply chain perspective. A literature review finds that several trends that emerged

This thesis examines real experiences of how small businesses responded to the COVID-19 pandemic in order to generate recommendations for said businesses post pandemic from a finance and supply chain perspective. A literature review finds that several trends that emerged over the pandemic, such as supply and demand changes, workforce difficulties, financing struggles, and the effectiveness of the Payment Protection Program. Next, we conducted a survey of local small businesses based on the findings in the literature review. The survey aimed to examine managers’ struggles, strategies, and responses to the pandemic. The survey responses were examined and then analyzed to find how they compare to the statistics from the literature review. The findings from the results and other sources served as the basis for which small business recommendations are made on how to prepare for future unprecedented economic crises and better situate themselves to respond.
Date Created
2022-05
Agent

Reshoring Manufacturing Post Covid-19: Building a more Resilient United States Healthcare Supply Chain

147881-Thumbnail Image.png
Description

Supply chain management is becoming an increasingly vital component in the success of an organization. Business and government leaders continue to recognize the importance of having robust and resilient supply chains. This trend has been accelerated by the COVID-19 pandemic

Supply chain management is becoming an increasingly vital component in the success of an organization. Business and government leaders continue to recognize the importance of having robust and resilient supply chains. This trend has been accelerated by the COVID-19 pandemic which brought to light the fragility of the modern global supply chain network. Decades of offshoring has led to the inability of businesses to adequately manufacture critical supplies in times of crisis. This reality is most prevalent in the healthcare industry. Antibiotics, pharmaceuticals, PPE, testing equipment are almost entirely sourced from Chinese manufacturers. Building a more resilient healthcare supply chain requires a revaluation of critical items, cooperation between businesses and government, and recognizing the precarious situation for the United States which has become completely reliant on foreign manufacturers. <br/> Businesses are looking to develop more resilient supply chains which can respond and predict unforeseen market circumstances. The federal government is reckoning the national security concern of sourcing nearly all antibiotics, and pharmaceuticals from Chinese manufacturers. Aligning the goals of key stakeholders and developing the necessary incentive structure to encourage domestic manufacturing is necessary to respond to this crisis. As the global economy becomes increasingly interconnected and dependent on changes to markets anywhere on the globe, a renewed focus on proactive strategies is necessary to ensure the security and resiliency of the United States healthcare supply chain.

Date Created
2021-05
Agent

A supply chain analysis on the food industry’s surge of waste in response to COVID-19

148061-Thumbnail Image.png
Description

Before the COVID-19 pandemic, there was a great need for United States’ restaurants to “go green” due to consumers’ habits of frequently eating out. Unfortunately, COVID-19 has caused this initiative to lose traction. While the amount of customers ordering takeout

Before the COVID-19 pandemic, there was a great need for United States’ restaurants to “go green” due to consumers’ habits of frequently eating out. Unfortunately, COVID-19 has caused this initiative to lose traction. While the amount of customers ordering takeout has increased, there is less emphasis on sustainability.<br/>Plastic is known for its harmful effects on the environment and the extreme length of time it takes to decompose. According to the International Union for Conservation of Nature (IUCN), almost 8 million tons of plastic end up in the oceans at an annual rate, threatening not only the safety of marine species, but also human health. Modern food packaging materials have included a blend of synthetic ingredients, trickling into our daily lives and polluting the air, water, and land. Single-use plastic items slowly degrade into microplastics and can take up to hundreds of years to biodegrade.<br/>Due to COVID-19, restaurants have switched to takeout and delivery options to adapt to the new business environment and guidelines enforced by the Center of Disease Control (CDC) mandated guidelines.<br/>Some of these guidelines include: notices encouraging social distancing and mask-wearing, mandated masks for employees, and easy access to sanitary supplies.<br/>This cultural shift is motivating restaurants to search for a quick, cheap, and easy fix to adapt to the increased demand of take-out and delivery methods. This increases their plastic consumption of items such as plastic bags/paper bags, styrofoam containers, and beverage cups. Plastic is the most popular takeout material because of its price and durability as well as allowing for limited contamination and easy disposability.<br/>Almost all food products come in packaging and this, more often than not, is single use. Food is the largest market out of all the packaging industry, maintaining roughly two thirds of material going to food. The US Environmental Protection Agency reports that almost half of all municipal solid waste is made up of food and food packaging materials. In 2014, over 162 million tons of packaging material waste was generated in the states. This typically contains toxic inks and dyes that leach into groundwater and soil. When degrading, pieces of plastic absorb toxins like PCBs and pesticides, and then each piece will in turn release toxic chemicals like Bisphenol A. Even before being thrown away, it causes negative effects for the environment. The creation of packaging materials uses many resources such as petroleum and chemicals and then releases toxic byproducts. Such byproducts include sludge containing contaminants, greenhouse gases, and heavy metal and particulate matter emissions. Unlike many other industries, plastic manufacturing has actually increased production. Demand has increased and especially in the food industry to keep things sanitary. This increase in production is reflective of the increase in waste. <br/>Although restaurants have implemented their own sustainable initiatives to combat their carbon footprint, the pandemic has unfortunately forced restaurants to digress. For example, Just Salad, a fast food restaurant chain, incentivized customers with discounted meals to use reusable bowls which saved over 75,000 pounds of plastic per year. However, when the pandemic hit, the company halted the program to pivot towards takeout and delivery. This effect is apparent on an international scale. Singapore was in lock-down for eight weeks and during that time, 1,470 tons of takeout and food delivery plastic waste was thrown out. In addition, the Hong Kong environmental group Greeners Action surveyed 2,000 people in April and the results showed that people are ordering out twice as much as last year, doubling the use of plastic.<br/>However, is this surge of plastic usage necessary in the food industry or are there methods that can be used to reduce the amount of waste production? The COVID-19 pandemic caused a fracture in the food system’s supply chain, involving food, factory, and farm. This thesis will strive to tackle such topics by analyzing the supply chains of the food industry and identify areas for sustainable opportunities. These recommendations will help to identify areas for green improvement.

Date Created
2021-05
Agent

A supply chain analysis on the food industry’s surge of waste in response to COVID-19

148090-Thumbnail Image.png
Description

Before the COVID-19 pandemic, there was a great need for United States’ restaurants to “go green” due to consumers’ habits of frequently eating out. Unfortunately, COVID-19 has caused this initiative to lose traction. While the amount of customers ordering takeout

Before the COVID-19 pandemic, there was a great need for United States’ restaurants to “go green” due to consumers’ habits of frequently eating out. Unfortunately, COVID-19 has caused this initiative to lose traction. While the amount of customers ordering takeout has increased, there is less emphasis on sustainability.<br/>Plastic is known for its harmful effects on the environment and the extreme length of time it takes to decompose. According to the International Union for Conservation of Nature (IUCN), almost 8 million tons of plastic end up in the oceans at an annual rate, threatening not only the safety of marine species, but also human health. Modern food packaging materials have included a blend of synthetic ingredients, trickling into our daily lives and polluting the air, water, and land. Single-use plastic items slowly degrade into microplastics and can take up to hundreds of years to biodegrade.<br/>Due to COVID-19, restaurants have switched to takeout and delivery options to adapt to the new business environment and guidelines enforced by the Center of Disease Control (CDC) mandated guidelines.<br/>Some of these guidelines include: notices encouraging social distancing and mask-wearing, mandated masks for employees, and easy access to sanitary supplies.<br/>This cultural shift is motivating restaurants to search for a quick, cheap, and easy fix to adapt to the increased demand of take-out and delivery methods. This increases their plastic consumption of items such as plastic bags/paper bags, styrofoam containers, and beverage cups. Plastic is the most popular takeout material because of its price and durability as well as allowing for limited contamination and easy disposability.<br/>Almost all food products come in packaging and this, more often than not, is single use. Food is the largest market out of all the packaging industry, maintaining roughly two thirds of material going to food. The US Environmental Protection Agency reports that almost half of all municipal solid waste is made up of food and food packaging materials. In 2014, over 162 million tons of packaging material waste were generated in the states. This typically contains toxic inks and dyes that leach into groundwater and soil. When degrading, pieces of plastic absorb toxins like PCBs and pesticides, and then each piece will in turn release toxic chemicals like Bisphenol A. Even before being thrown away, it causes negative effects for the environment. The creation of packaging materials uses many resources such as petroleum and chemicals and then releases toxic byproducts. Such byproducts include sludge containing contaminants, greenhouse gases, and heavy metal and particulate matter emissions. Unlike many other industries, plastic manufacturing has actually increased production. Demand has increased and especially in the food industry to keep things sanitary. This increase in production is reflective of the increase in waste. <br/>Although restaurants have implemented their own sustainable initiatives to combat their carbon footprint, the pandemic has unfortunately forced restaurants to digress. For example, Just Salad, a fast-food restaurant chain, incentivized customers with discounted meals to use reusable bowls which saved over 75,000 pounds of plastic per year. However, when the pandemic hit, the company halted the program to pivot towards takeout and delivery. This effect is apparent on an international scale. Singapore was in lock-down for eight weeks and during that time, 1,470 tons of takeout and food delivery plastic waste was thrown out. In addition, the Hong Kong environmental group Greeners Action surveyed 2,000 people in April and the results showed that people are ordering out twice as much as last year, doubling the use of plastic.<br/>However, is this surge of plastic usage necessary in the food industry, or are there methods that can be used to reduce the amount of waste production? The COVID-19 pandemic caused a fracture in the food system’s supply chain, involving food, factory, and farm. This thesis will strive to tackle such topics by analyzing the supply chains of the food industry and identify areas for sustainable opportunities. These recommendations will help to identify areas for green improvement.

Date Created
2021-05
Agent