Herbalife India partners with IIM Bangalore for sustainable supply chain

Launched in 2023, Herbalife India and the IIMB Supply Chain Sustainability Lab are leading a collaborative effort to advance sustainable supply chain practices. The lab focuses on creating practical tools like the Transportation Emission Measurement Tool and Carbon Accounting Tool. This initiative has benefited over 100 organizations and aims to drive positive change towards a greener future by adapting best practices in the Indian context.

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Herbalife India and IIM Bangalore Partnership FAQ

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FAQ: Herbalife India's Partnership with IIM Bangalore for Sustainable Supply Chain

1. What is the purpose of Herbalife India's partnership with IIM Bangalore?Herbalife India has partnered with the Indian Institute of Management Bangalore (IIM-B) to drive sustainable practices in their supply chain management. The collaboration aims to address sustainability challenges, particularly focusing on reducing plastic packaging waste within the supply chain.
2. When was the agreement between Herbalife India and IIM Bangalore signed?The Memorandum of Understanding (MoU) between Herbalife India and IIM Bangalore was signed on December 23, 2022.
3. How long is the partnership between Herbalife India and IIM Bangalore expected to last?The partnership between Herbalife India and IIM Bangalore is slated for a three-year duration as per the signed agreement.
4. What specific entity at IIM Bangalore is Herbalife India collaborating with?Herbalife India is collaborating with the Supply Chain Management Centre at IIM Bangalore, and more specifically, with the IIMB Supply Chain Sustainability Lab.
5. What are the primary objectives of the Supply Chain Sustainability Lab at IIM Bangalore?The Supply Chain Sustainability Lab's primary objectives are to lead sustainable supply chain initiatives, tackle environmental challenges like plastic packaging waste, and establish best practices for sustainable management within the supply chain.
6. What has Herbalife's role been in the realm of supply chain sustainability, according to the recently established partnership with IIM-B?Herbalife Nutrition India is taking an active role in collaborating with academia, represented by IIM Bangalore, to establish a Centre of Excellence in Sustainable Supply Chain Management, reinforcing their commitment to sustainable business practices.
7. Are there any other significant goals mentioned for the partnership between Herbalife India and IIM Bangalore?While specific goals have not been detailed in the shared information, the overarching goal is to facilitate the improvement of sustainable supply chain practices, which may involve research, development of innovative solutions, or education initiatives in the field of sustainable management.

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