The Logistics of Logistics Triple Bottom Line Logistics with Tom Raftery
Tom Raftery, a sustainability expert, discusses the importance of triple bottom line logistics in the supply chain industry. He explains how reducing emissions and making operations more sustainable can lead to cost savings and improved profitability. Raftery shares his journey and insights on how companies can achieve a triple bottom line by utilizing forecasting, technology, and optimizing routes and loads. The podcast also explores the transition towards electric vehicles in various segments and strategies for reducing product returns in e-commerce. Raftery emphasizes the need for companies to start their sustainability journey now to remain competitive in the face of increasing pressures from stakeholders and regulations.
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About Tom RafteryTom Raftery is a preeminent Sustainability & Technology Executive, Influential Podcast Host of the highly regarded Climate Confident and Sustainable Supply Chain podcasts, and a recognised Thought Leader. As well as being an influential international keynote speaker Tom is a guest lecturer at the prestigious Instituto Internacíonal San Telmo, board advisor for various startups, and former Global Vice President at SAP. Prior to joining SAP, Tom built a successful career as an independent industry analyst, focusing on the Internet of Things, Energy, and CleanTech, while also serving as a Futurist for Gerd Leonhardt's Futures Agency. With an extensive background in technology and social media dating back to 1991, Tom has co-founded an Irish software development company, a social media consultancy, and the hyper energy-efficient data center, Cork Internet eXchange. Additionally, Tom has made significant contributions to the field of sustainability through his work as an Analyst at industry analyst firm RedMonk, where he led their Sustainability practice for over seven years. His unique blend of expertise and experience makes him a sought-after thought leader in technology, sustainability, and social media.
Key Takeaways: Triple Bottom Line Logistics- Learn about the concept of triple bottom line logistics and its importance in the supply chain industry
- Discover how reducing emissions is crucial for companies to remain competitive and attract top talent
- Understand the components of the triple bottom line: people, planet, and profit
- Explore how companies can achieve a triple bottom line by making their logistics operations more sustainable and efficient
- Learn how forecasting and technology can significantly reduce food waste, saving money and resources
- Gain insights into the transition towards electrification in the transportation industry, driven by advancements in battery technology and the pursuit of sustainability
- Discover strategies for making supply chains leaner and greener, including better forecasting, route and load optimization, electric vehicles, and reducing returns
(00:00:00) Triple Bottom Line Logistics
(00:00:47) Sustainability and Technology in Supply Chain
(00:04:17) Why Sustainability Matters in Logistics
(00:10:14) Defining the Triple Bottom Line
(00:12:10) Sustainability, Supply Chain, and Podcasting Journey
(00:19:20) Sustainable Logistics: Efficiency Drives Profitability
(00:23:56) Reducing Waste in Food Supply Chains
(00:27:41) Fewer SKUs: A Sustainability Advantage
(00:30:32) Reducing Emissions in Logistics
(00:38:51) The Electrification of Transportation
(00:44:22) The Transition to Electric Vehicles
(00:47:24) Electrifying School Buses and Grid Balancing
(00:51:04) Reducing E-commerce Returns with Better Sizing
(00:55:59) Revolutionizing Online Shopping with 3D Modeling
(00:58:23) Greening Supply Chains with Tom Raftery
(01:00:13) Sustainability: A Journey You Must Start
Learn More About Triple Bottom Line Logistics The Logistics of Logistics Podcast