Synthesising Assignment: Sustainable Supply Chain Management Essay

This assignment synthesises information from four extracts to explore the economic dimension of sustainable supply chain management. The extracts highlight how companies like TSMC, IKEA, and McDonald's are adopting green practices to reduce costs. TSMC achieved significant energy cost savings through green plants, while IKEA focuses on renewable materials and energy efficiency. McDonald's uses an environmental scorecard to encourage suppliers to reduce waste and energy consumption. Furthermore, the extracts discuss the role of legislation in promoting product recovery and reverse logistics, which also offer economic incentives. Companies are reducing power consumption, exploring alternative energy sources, and implementing recycling programs to address high production costs. Overall, the synthesised summary emphasizes the economic benefits of sustainable supply chain practices, including cost minimization and increased efficiency.