Walsh - 3M Supply Chain Case Study

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Environmental Initiative

Business Technology

Greening the Supply Chain: 3M Case Study on Conflict Minerals . Nancy E. Walsh, Ph.D. Material EHS

Sustainable sourcing not just about EHS ,[object Object],[object Object],[object Object],[object Object]

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Nancy E. Walsh, Ph.D. Material EHS 3M Medical Department 3M Center/Bldg. 220-6E-03 St. Paul, MN 55144-1000 [email_address] Tel: 651/733-3696

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According to IMARC Group, the global food logistics market is expected exhibit moderate growth during the next five years. To learn more about this market, visit us at: https://www.imarcgroup.com/food-logistics-market We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report. Rising income levels and growing health-consciousness have increased the demand for fresh food and exotic fruits and vegetables that require optimum food logistics management to maintain their freshness and quality. This has led to the introduction of more efficient cold chain facilities, which represents one of the major factors stimulating the market growth. For more information, request for a free sample report here: https://www.imarcgroup.com/food-logistics-market/requestsample Contact Us: IMARC Group 30 N Gould St, Ste R Sheridan, WY (Wyoming) 82801 USA Email: Sales@imarcgroup.com Tel No:(D) +91 120 433 0800 Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

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The basis of this report is publicly available information from corporate annual reports from the period of 2006-2014 for publicly-owned companies in the chemical industry. The methodology to understand supply chain performance and improvement is based on three years of data mining of supply chain financial ratios. In Table 1, we share the supply chain ratios we analyzed to understand the trends in the Supply Chain Metrics That Matter report series Table 1. Financial Ratios Considered in the Development of the Supply Chain Index While there are other measurements which we believe are important in the determination of supply chain excellence—forecast accuracy, case fill rate, carbon footprint, and inventory write-offs—we cannot find a reliable and consistent source of data for these metrics that covers all industries and the years studied. While these metrics are valuable, we find that the industry data sources are spotty and largely inaccurate due to the self-reporting of data. Without a consistent data source across the industries, we cannot include these factors even though we believe that they are important. The Supply Chain Index methodology was built on the belief that the supply chain is a complex system with increasing complexity. We believe it is the supply chain leader’s role to build and manage supply chain performance to drive year-over-year improvements which are balanced, strong and resilient. We find that most companies throw the system out of balance and are able to drive progress only on a single metric, not a metrics portfolio. To illustrate this point, in the development of the Supply Chains to Admire Report, we studied public manufacturing and retail companies for the period of 2006-2013, and we found that only 21 of the companies in the study group performed better than their peer group on the portfolio of metrics of operating margin, inventory turns and Return on Invested Capital (ROIC). In our review of the data in this report with supply chain leaders, we found that most companies are not aware of how they rate relative to their peer group, and many have driven a singular metric as opposed to a balanced portfolio. In the management of the supply chain, there are many metrics. In fact, we find that most supply chain leaders measure too many, which drives confusion. Our first goal in the research was to determine which metrics should be tracked in the portfolio analysis. To understand the relationship between supply chain performance and market capitalization, we calculated the correlation of seven years of financial ratios (based on quarterly reporting) to market capitalization (the number of outstanding shares multiplied by the share price) on a quarterly basis. The results of this study on the correlation to market capitalization are presented in Table 2. Our goal was to select a portfolio of metrics that could be meaningful to all industries.

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3M released its 2014 Sustainability Report, highlighting its new Sustainability Center of Excellence, results of a global stakeholder survey and case studies on its sustainability-focused products. The report features a more user-friendly experience and interactive content, and includes an executive summary of the company’s strategy, a description of key global sustainability challenges, and an overview of progress toward the U.N. Global Compact’s 10 principles. 3M has published a sustainability report in alignment with the Global Reporting Initiative (GRI) framework since 2002.

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LogiChem, conference, retail, supply chain, chemicals, logistics By LogiChem, conference, retail, supply chain, chemicals, logistics LogiChem 2011 will be the event's tenth anniversary and an opportunity for the most senior chemical supply chain & global logistics directors from the European chemicals community to come together once again share experiences, make new contacts and benchmark the latest chemical supply chain initiatives. Not only will LogiChem 2011 be a chance for the chemical industry to reminisce about the last ten years but an opportunity to shape the next decade. To celebrate a decade of LogiChem, there will be an exciting three day programme filled with networking opportunities in our new location, Antwerp.

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Ageas is an international insurance group with a heritage spanning 190 years. Present in 13 countries across Europe and Asia, the company offers Life and Non-Life solutions to millions of Retail and Business customers. Ageas helps customers to manage, anticipate and insure their risks through a wide range of products designed for their needs both today and in the future. Distinguished by an expertise in partnerships, Ageas has developed long term agreements with market-leading local financial institutions and distributors around the world allowing it to stay close to the customer. As one of Europe’s larger insurance companies, Ageas is the No.1 insurer in Belgium and ranks among the market leaders in most of the countries in which it operates. With a total workforce of more than 40,000 people (including the non-consolidated partnerships), Ageas is present in Belgium, the UK, Luxembourg, France, Italy, Portugal, Turkey, China, Malaysia, India, Thailand, Vietnam and the Philippines. In 2015 Ageas reported annual inflows close to EUR 30 billion (at 100%). Ageas is listed on Euronext Brussels and is included in the BEL20 index.

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Original article from the Flevy business blog can be found here: http://flevy.com/blog/building-resilience-into-supply-chains/ The supply chains of most companies, large and small, exploit a world of opportunities. But, increasing global exposure comes with an increasing range of risks. These companies’ complex networks of suppliers and customers are as diverse as the goods and resources they manage. Within the same supply chain, giant multinational companies can sit side-by side with small to medium enterprises (SMEs). Yet, among companies large and small, there is growing awareness that extreme weather and a changing climate pose new risks and opportunities to old ways of doing business. Smart businesses know how to manage uncertainty. As their exposure to extreme weather increases, informed businesses are incorporating the risk of extreme weather into existing risk management. Meanwhile, business continuity planning is growing to embrace the need to think about how a changing climate impacts on business. Worldwide companies are increasingly aware that their supply chains are exposed to greater weather extremes. International competition and cheap transportation have led to expansive supply chains linked by complex logistics, multiplying risks to business continuity. The Business Continuity Institute’s latest Horizon Scanning Survey, with results from 700 organizations in 62 countries, found 53% of the survey respondents were either ‘extremely concerned’ or ‘concerned’ about the impacts of adverse weather on their businesses (BCI 2013). Business leaders are now urging companies to think about climate change (Business Green, 2013).

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At various levels of decomposition we can analysed the supply chain problem. At the first level problem of supply chain management which is consist of many sub problems as product design, customer services, logistic management and others. We can define all the problems as general and in specific way. These problems come at various vertical direction of problem decomposition and these are related with one particular issue for example inventory management. Other way general problems are horizontal; they deal with problems which require solving multiple specific problems for example, ensuring customer service problems from sales area as well as logistics.

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