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revolutionizes in supply chains. By examining vast datasets, companies uncover hidden patterns and insights, enabling data-driven decisions to improve environmental, social, and economic aspects of operations.

Key metrics measure environmental impact, social responsibility, and economic benefits. While analytics offers numerous advantages like and benchmarking, challenges include issues and integration complexities. Case studies demonstrate successful applications across industries.

Big Data Analytics and Sustainability Performance

Big data analytics for sustainability

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  • Big data analytics examines large, complex datasets to uncover hidden patterns, correlations, and insights
  • Utilizes advanced analytics techniques including , machine learning, and
  • Enables collecting, integrating, and analyzing vast amounts of sustainability data from various sources (ERP systems, sensor data, )
  • Identifies trends, risks, and opportunities related to environmental, social, and economic aspects of supply chain operations
  • Supports to improve sustainability performance and reporting

Key sustainability metrics and sources

  • Environmental metrics measure , , , and recycling rates
  • Social metrics assess labor practices and working conditions, diversity and inclusion, community engagement and impact
  • Economic metrics calculate cost savings from sustainability initiatives, revenue generated from sustainable products or services
  • Internal company data sources include ERP systems, sensor data,
  • External data sources encompass supplier information, , ,

Benefits vs challenges of analytics

  • Benefits: Improves accuracy and transparency in sustainability reporting
    • Enables real-time monitoring and alerts for sustainability issues
    • Identifies inefficiencies and areas for improvement
    • Benchmarks against industry peers and best practices
    • Enhances and communication
  • Challenges: Data quality and consistency issues arise
    • Integrating data from multiple sources and formats is complex
    • Raises and security concerns
    • Lack of standardized sustainability metrics and reporting frameworks
    • Resistance to change and adopting new technologies and processes

Case Studies and Applications

Case studies in sustainability analytics

  • Walmart implemented big data analytics to track and reduce greenhouse gas emissions in its supply chain
    • Collaborated with suppliers to identify emission hotspots and implement reduction strategies
    • Achieved a 20 million metric ton reduction in emissions by 2015
  • Unilever used big data analytics to assess the environmental impact of its products across the lifecycle
    • Developed the to monitor and improve supplier sustainability performance
    • Reduced water usage in manufacturing by 32% and waste by 97% since 2008
  • UPS applied big data analytics to optimize delivery routes and reduce fuel consumption
    • Implemented the system
    • Saved 10 million gallons of fuel and reduced CO2 emissions by 100,000 metric tons annually
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© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.

© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
Glossary
Glossary