Sustainability theory and practice. Sustainable supply chain management attempts of GlaxoSmithKline

Submitted Assignment from the year 2019 in the subject Business economics - Supply, Production, Logistics, , course: MSc Project Management, language: English, abstract: Report on sustainable supply chain management attempts to integrate environmental, economic and social issues into normal supply chain practice. Defining the word sustainability is somewhat hard as it contains several characteristics depending on the point of understanding. Though, looking at the word beginning, sustainability is obtained from the Latin word “sustinere” which literally means “to hold up”. When looking up in various vocabularies, sustainability has the denotation of “preserve”, “support” or “endure”.Business sustainability is called as the management of the triple bottom line, it is a process by where corporations control their economic, social and environmental risks, responsibilities and prospects. Furthermore above 3 impressions are occasionally mentioned as people, planet and profit. Nevertheless, this method depends on an economical perception and do not entirely imprisonment the time component which is essential inside a sustainable business.