Sustainable sourcing involves procuring raw materials and products in a manner that minimizes environmental harm and upholds social and ethical standards throughout the supply chain. This practice considers the ecological footprint, labor conditions, and economic impact of production processes. It aims to reduce waste, conserve resources, and promote fair trade. Such efforts contribute to responsible consumption and production.
Context
Blockchain technology is increasingly featured in news regarding its application in enhancing sustainable sourcing efforts. Reports detail how distributed ledgers can provide immutable records of product origins and certifications. This offers greater transparency and accountability for consumers and businesses concerned with environmental and social responsibility.
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