- Business - IMPA ACT maps out trends for the supply chain


IMPA ACT maps out trends for the supply chain

IMPA ACT has identified three key trends that the maritime supply chain should be aware of for 2015, which could prove constructive for superyacht industry suppliers.…

IMPA ACT, an initiative for the shipping and marine industry pledging responsible supply chain management (RSCM) and corporate social responsibility (CSR), has identified three key sustainable maritime supply chain trends for 2015 that could prove productive for a superyacht industry supply chain embattled by fluctuating currencies, liquidity issues and a constrained new build market.

Against a backdrop of instability in 2015, businesses are following a more prudent course, and the knock-on effect of this is that supply chains will also need to be sustainable. However, this in itself could prove to be a challenge, as a global resource crunch is hitting many maritime businesses.

The three trends identified include 'innovation of materials', which outlines the need of businesses to reduce their consumption of primary materials and increase their use of renewable components. This will require companies to reassess their operations in order to work on a more circular material-flow. And this in turn will be spurred on by purchasers looking for companies that are implementing this change to more renewable resources.

The second trend involves operating more 'eco-efficiently'. There are multiple factors to consider within this realm, such as economic performance; production efficiency; brand reputation and customer demands, while operating within regulatory parameters.

The challenge of balancing these demands means that mismanagement or a lack of due diligence could cause problems. In this way companies are advised to adopt a ‘gate-to-gate’ approach to keep production processes as environmentally friendly as possible - by reviewing each stage of a product’s lifecycle and analysing out how to optimise efficiency.

Finally, 'superior resource management' must be taken into consideration. Adopting business, environmental and social codes of conduct, it is suggested, will mean that there is a strict set of standards to adhere to, which serves to optimise manufacturing and commercial processes, while in the case of the superyacht industry, providing a welcome dose of positive PR.

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IMPA ACT maps out trends for the supply chain


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