The world has realised that the resources are limited and we have to consume them effectively and responsibly so that they are protected for the future generation. For this, environmental policies need to be reframed.
GST will provide an incentive to increase efficiency and profitability of logistics and warehousing. In this context, IIM Kashipur emphasised on the sustainability of resources through discussion with industry in this event” said Dr Gautam Sinha, Director of IIM Kashipur, while addressing in Neev, a seminar on supply chain excellence (SoSCE) here in Rudrapur. The seminar is an annual event which provides a platform to share the forward looking best practices in operations and supply chain with top leaders and seasoned professionals from the same community.
Giving emphasis on the importance of Goods and Services Tax (GST), Suresh Singhal said, “GST will convert complex tax structure on goods to a uniform one. It will have an optimistic effect on supply chain. It will also help the consumers who are the end users of the supply chain. Not only this, GST will help reduce corruption in the system by making it more transparent”. This was followed by panel discussion.
Integrating societal and environmental aspects of doing business into the core concept of supply chain is the basic idea behind promoting green supply chains in the current business framework. The current focus of Government and businesses alike in creating sustainable business models has led to incorporation of this concept into core organisational policy. The surging environmental constraints due to global warming concerns, increasing focus on Corporate Social Responsibility and growing awareness among the stakeholders have increased the importance of green supply chains. At this economic junction, what would be the approach of government in formation of environment policies, and the corresponding changes in strategy of organizations due to these regulations in form of their CSR activitiesIJ