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Next meeting of IPEF's Supply Chain Council in Dec: Commerce Ministry

September 24, 2024 2 min read
author Anamika Mishra [Sub Editor]

The Commerce Ministry announced that the next meeting of the Supply Chain Council, established under the 14-member Indo-Pacific Economic Framework for Prosperity (IPEF), will take place in December. The IPEF, launched by the United States and partner countries in the Indo-Pacific region on May 23, 2022, in Tokyo, represents 40% of the world's economic output and 28% of global trade.

Comprising Australia, Brunei Darussalam, Fiji, India, Indonesia, Japan, the Republic of Korea, Malaysia, New Zealand, the Philippines, Singapore, Thailand, the US, and Vietnam, the IPEF is structured around four main pillars: trade, supply chains, clean economy, and fair economy. India participates in all pillars except for trade.

The Supply Chain Resilience Agreement, which aims to bolster supply chains through collaboration among member countries, took effect on February 24. As part of this framework, three key institutional bodies were formed: the Supply Chain Council (SCC), the Crisis Response Network (CRN), and the Labour Rights Advisory Board (LRAB). The US serves as the Chair of the SCC, with India in the role of Vice Chair.

The inaugural meeting of the Supply Chain Council was held in Washington, DC, on September 12, where three action plan teams were established to focus on semiconductors, critical minerals (with an emphasis on batteries), and chemicals. Additionally, there is an agreement among member countries to create a new action plan team targeting the healthcare and pharmaceutical sectors.
These teams are expected to begin their work soon, aiming to develop recommendations for enhancing resilience in the supply chains of these critical sectors and key goods. The upcoming December meeting will further address collaborative efforts and ongoing concerns within the supply chain landscape.


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Beverage Brand Partners with All Chiefs to Enhance Emission Reporting and Drive Sustainability Initiatives

September 23, 2024 3 min read
author Anamika Mishra [Sub Editor]
related

In a significant move towards sustainability, a leading beverage brand has launched a comprehensive program aimed at upgrading its emissions calculation and reporting processes. The initiative, spearheaded by consultancy AllChiefs, is designed to deliver clear and actionable recommendations for reducing emissions and improving overall environmental impact.


The project unfolds in three distinct phases, each building on the last. In the first phase, AllChiefs collaborated with the multinational beverage company

to clarify its sustainability ambitions. A primary focus was on reducing the time and resources spent on manual reporting, transitioning to a more integrated and automated emissions reporting system.


"One of the main aims for the beverage company was to ensure compliance with emissions accounting standards," said Inge Tanke, partner at AllChiefs. "Navigating the complex landscape of international rules can be challenging, and having more detailed emissions data is essential for better insights into reduction efforts."

The second phase involved a thorough assessment based on AllChiefs' three main criteria: enhancing input data reliability, aligning calculation methods with international standards, and improving reporting governance. "We conducted interviews with key stakeholders to identify both strengths and challenges in the current process," noted Bonne Goedhart, another partner at AllChiefs.


Additionally, the project ensured alignment of IT initiatives with the new data approach, safeguarding against data loss and optimizing storage methods. Sample data calculation checks were performed to address critical methodological questions, including responsibilities for intercompany logistics and reporting on complex scenarios.


The final phase focused on categorizing and prioritizing identified gaps to enhance the client's data practices. This included a collaborative workshop with stakeholders to validate the gaps and assess them based on effort and impact. The outcomes were categorized into immediate compliance needs, quick fixes, tool implementations, and long-term improvements.


The prioritization process provided the client with various implementation options, each with its own set of pros and cons. Ultimately, the project equipped the beverage brand with a clearer overview of its current emissions reporting status, prompting the hiring of a new employee dedicated to advancing these improvement efforts.


"Improving the emissions reporting process is a continuous journey," Goedhart emphasized. "It requires ongoing commitment to maintain accuracy and relevance. We are proud to support our client’s journey toward a sustainable future, aligning perfectly with our values and decarbonization goals."


As climate change intensifies and regulatory frameworks tighten, companies face increasing pressure to adopt greener logistics practices. Beyond direct emissions (scope 1 and 2), there is a growing emphasis on addressing the challenging scope 3 emissions—those arising from entities that companies engage with but do not directly control.


“AllChiefs is committed to accelerating the transition to net-zero logistics and partnering with clients in this critical challenge,” Tanke and Goedhart stated.


Explore the latest edition of Journal of Supply Chain Magazine and be part of the JOSC Daily News Bulletin.

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Journal of Supply Chain is a Hansi Bakis Media brand.

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