Herbalife India partners with IIMB to follow sustainable supply chain
Herbalife India partners with IIMB to establish Supply Chain Sustainability Lab to tackle plastic packaging usage and pursue net-zero impact. The lab focuses on knowledge creation, consulting, supplier assessment, education, industry partnerships, and practical tools like TEMT for measuring emissions. Herbalife India aims to develop innovative solutions like closed-loop packaging systems for a more sustainable future, adapting best practices for the Indian context.
Source: Link
FAQ: Herbalife India partners with IIMB for Sustainable Supply Chain - The New Indian Express
Frequently Asked Questions (FAQs) - Herbalife India & IIMB Partnership
1. What is the partnership between Herbalife India and the Indian Institute of Management Bangalore (IIMB)?
Herbalife India has partnered with the Indian Institute of Management Bangalore (IIMB) to establish a Center of Excellence in Sustainable Supply Chain Management.
2. What is the core focus of the partnership?
The core focus of this partnership is to follow a sustainable supply chain practice. This includes the establishment of the Supply Chain Sustainability Lab at IIMB, which is aimed at empowering businesses with the development and implementation of practical tools for sustainability.
3. What is the Supply Chain Sustainability Lab?
The Supply Chain Sustainability Lab is an initiative established as a part of the partnership between Herbalife India and IIMB. Its purpose is to empower businesses by facilitating the development and implementation of practical tools that can enhance sustainable practices in their supply chains.
4. How does this partnership benefit Herbalife India?
Through the partnership with IIMB, Herbalife India aims to drive sustainable supply chain practices, which can improve its overall sustainability footprint, ensure efficient use of resources, and potentially lead to cost savings and enhanced corporate reputation.
5. Are there any specific tools or methods that the partnership is looking to develop?
While the specific tools and methods have not been detailed in the search results, the focus is on empowering businesses with practical tools for sustainable supply chain management. These could involve guidelines, frameworks, or performance metrics to track and improve sustainability.
6. When was this partnership formed?
The exact date of the formation of this partnership is not included in the search results provided.
7. Is the Center of Excellence in Sustainable Supply Chain Management open to all businesses?
The search results do not specify particulars about who can access the Center of Excellence. Typically, such initiatives involve research and collaboration with a variety of stakeholders, including businesses, academicians, and possibly students.
8. Will this partnership affect Herbalife India's products?
While the direct impact on Herbalife India's products isn't specified, the move towards a more sustainable supply chain could lead to improvements in how the products are sourced, produced, and distributed, aligning with environmental and social governance standards.
9. Is this pioneering work in the supply chain sustainability area in India?
The search results do not assert whether this is pioneering work in India but indicate a commitment by a large corporate entity and a premier management institute to enhance supply chain sustainability, which can be considered significant in the Indian context.
For more detailed information, readers would benefit from accessing the full articles listed in the search results.