Quantitative Assessment of Sustainable Supply Chain Practices Using Life Cycle and Economic Impact Analysis
DOI:
https://doi.org/10.53469/wjimt.2024.07(04).09Keywords:
Apple, Life Cycle Assessment, Cost-Benefit Analysis, ROI Analysis, Industrial EcologyAbstract
Our study examines the environmental and economic outcomes of Apple's integration of sustainable practices within its global supply chain. The analysis reveals significant advancements in both areas,with a 35% reduction in overall waste generation,which equates to diverting over 200,000 metric tons of waste from landfills each year. Additionally,Apple achieved a 25% decrease in carbon emissions,amounting to an annual reduction of 1.2 million metric tons of CO2-equivalent emissions. On the economic front,the incorporation of recycled materials into the supply chain has resulted in annual cost savings of approximately $350 million,largely due to a 28% reduction in the procurement costs of essential materials like aluminum and copper. Moreover,the strategic modifications to production lines have yielded an average return on investment (ROI) of 20% per annum,alongside a 22% decrease in energy consumption per unit produced. These findings demonstrate the dual benefits of sustainability and economic efficiency,positioning Apple as a leader in sustainable supply chain practices. Our study concludes by recommending further research into the scalability of these initiatives across various industries and regions,as well as the development of supportive policy frameworks to encourage the broader adoption of sustainable practices.
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