Sustainability and Circular Economy in Food & Beverage Supply Chain Management
There are increasing concerns over sustainability in the food and beverage industry, especially in relation to the environment and the issue of climate change. While there are several factors that relate to sustainability in this field, some of the most important ones include the aspect of traceability. The food and beverage industry is long and sophisticated, making it a challenge to trace the sources of supplies and ensure they adhere to sustainability. Lack of traceability is known to increase information asymmetry and negatively impact sustainability governance across geographical boundaries. Another major sustainability factor is the packaging. The industry struggles with ensuring sustainability in the packaging of its products, especially in relation to the need to eliminate the use of plastics. It is important to ensure sustainability through the sustainable packaging of its products. Additionally, greenwashing is another sustainability factor that is critical to the food and beverage industry. It is noted that most players and operators claim to resly on sustainability programs that are not accurate. Studies have indicated that most companies turn to greenwashing as a strategy to establish an environmentally friendly image while doing very little to ensure environmental sustainability. As such, greenwashing becomes a central factor in achieving sustainability objectives in the industry. Food waste is another major factor. The long and complex supply chain in the industry has increased the challenges for tackling food wastage, which negatively affects attempts to ensure sustainability. Supply chain practices are also a major factor in sustainability. The complexity and sophistication of the supply chain system complicate the efforts of the industry players to achieve sustainability objectives. This is because of the high number of players that have diminished the capacity of the companies to monitor the sustainability issues across the supply chain.
The restaurant and supermarket chains are some of the businesses that provide services to the highest number of customers. Thus, their activities have substantial relevance to the sustainability of the environment. As such, these businesses engage in sustainable practices that are aimed at ensuring environmental sustainability. Some of the most popular sustainable approaches employed by restaurants and supermarket chains include the utilization of organic amenities, which leave a limited carbon footprint. It is noted that there is an increase in the use of locally grown organic foods, organic soaps, and organic amenities in the hospitality industry. Energy conservation is another common sustainability approach that is used in restaurant and supermarket chains, including the use of solar heaters and solar-powered lights. Another common sustainability practice used by these businesses is the elimination of single-use plastic bags and containers. This has ensured that there are limited amounts of plastic being released into the environment. Further, another major and common sustainable approach used is sourcing for sustainable suppliers. The commercial green image has been one of the most important selection criteria for suppliers by supermarket chains.This has been integral in ensuring that these businesses maintain their sustainability strategies through the suppliers. In addition to that, these restaurant chains, as well as the supermarket chains, have been involved in the development of recycling programs to prevent the increase of waste amounts in the environment. Another common sustainable approach is the use of local sourcing. Local sourcing reduces the need for transportation, which contributes to reduced carbon emissions. In addition to that, local sourcing is also a contributor to the sustainable practice of reducing food wastage that is associated with long distances when transporting foods.
As social impact and a more responsible approach are today a driver in the way consumers choose their destination and hotels, we can see how environmental awareness is evolving around the way both tourists and businesses approach the issue and try to tackle the related problems. It is no mystery that companies willing to invest on long-term innovative transformations were so far able to perform better than companies that could not find proper solutions and initiatives related to environmental and social problems. New consumers and new concerns emerge in the post-Covid era, and the interest for environment and social matters has reached an all-time high in every demographics segment, where every tourist is well aware of the cost on the planet of services that are simply not sustainable. As highlighted by the United Nations World Tourism Organization (UNWTO), sustainability shall be at the core of tourism’s re-birth and should become the new normal in every part of the tourism sector. From luxury travel to a more down to earth form of tourism, implementing more environmentally friendly solutions is something that businesses now consider a priority. Companies today are investing more financial resources to energy savings building features and initiatives that aim to reduce waste for example. As 73% of Millennials are willing to spend more with businesses that have in place sustainable and socially conscious practices, owners understand how in the long run their expenditure toward this new approach will be rewarded and at same time will contribute to a faster recovery.
Local sourcing and partnerships to grow together
As there is the need of getting out of the post pandemic related problem together, many professionals in the hospitality sectors understand that more options and solutions are available closer to home. Now is a great time to create partnerships with businesses in the local areas and reinforce strategically these new alliances to create longer lasting strategies to grow together. Eco conscious guests will be happy to find out how their money impact in a positive way local economies and small family businesses that can offer fresher and more high quality food or other local products. Owners can also market these initiatives through digital channels and keep the conversation running when explaining the reasons behind these initiatives. Through local sourcing of seasonal foods for example, is also easier to tackle food waste, as produce is less likely to spoil because the long distance travel's negative impact is reduced.
Another important factor for a more sustainable hospitality is the importance of benchmarking, as understanding what are the improvements in this journey also leads toward a clear direction for better future sustainable initiatives. An initiative to create a common and globally recognized definition for hotel sustainability has been launched recently in order to promote sustainable travel and tourism. The Basic Sustainability Framework is available to every hotels worldwide to offer an important tool to improve their environmental impact and their practices, all this to have a much needed positive impact on people and planet. Some focus areas are in energy, waste and water management, eco-design, food security, sustainable food and beverage management and finally corporate social responsibility.
The tourism and Travel industries in Vietnam play a significant in contributing to the countries' GDP. As of 2019, before the Corona chronicles, this sector contributed a national GDP of 12 percent. As such, tourism is a significant contributor to Vietnam's economy. A reasonable percentage of the local communities benefit directly or indirectly from the tourism industry in the country. Additionally, tourism has led to the growth of other parallel sectors. The local communities benefit from tourism and travel sectors in various ways. Tourism makes a better community for the residents reinvest money spent by tourists in local economies. This industry has also created lots of jobs for the Vietnamese. For instance, the tourism sector created 660,000 jobs between 2014 to 2019. Tourism supports local businesses and has led to creativity fostering net business ventures. All groups in Vietnam get opportunities in this industry - youths, and women, have an outstanding share in this industry, and hence it has encouraged equality among the marginalized groups.
Above all, tourism encourages and boosts peace among people from different regions because they learn about each other cultures. Tourism in Vietnam has contributed to preserving heritage by preserving historical and cultural sites. Furthermore, the local communities are encouraged to protect wildlife through preservation programs against illegal poaching. This sector has also contributed to adopting new technology that boosts tourist services such as money transactions. Several industries in Vietnam draw lots of revenues from the tourism industry. Tourism has increased employment in other sectors like hotels and restaurants, which offer services to the tourists traveling away from their homes. Travel agencies depend on the tourism sector to provide transportation services to tourists. Other sectors benefiting from the tourism sector include souvenir shops, beverage companies, etc. Overly, the tourism sector contributes to the growth of the Vietnamese economy, helps the local communities, boosts other industries, and creates room for further investments in the country.
Vietnam reported the first case of the Covid-19 virus on March 23, 2020. The Covid-19 pandemic led to lockdown in the country and closed borders barring foreigners from entering. This action was a measure made to prevent the fast spread of the virus. Although the measures taken were worth it, as they aimed to protect human life, the outcomes were unbearable in the economic sector. The pandemic deteriorated most of the industries that contributed to the economic growth in the country. The tourism sector was not an exception. Vietnam banned foreigners from entering the country through the closure of the country boundaries, whereas lockdown led to the prevention of local tourism in the country. Since March 2020, when the government imposed these measures, the pandemic immensely affected the tourism and travel sectors, affecting the national economy. International Monetary Fund (IMF) released a report that forecasted that some of the Vietnamese economic sectors would be severely affected by the pandemic, including tourism, transportation, and accommodation sectors. The fall of tourism led to the loss of jobs, tourism industry ventures, and reduced revenues in the other industries that depended on tourism. In June 2020, the domestic tourism in the country began to recover, only later to enter other struggles owing to the second and third waves of COVID-19. The COVID-19 affected the tourism sector immensely, and we can feel its effects nationwide.
The Vietnamese government and the business class are awakenings to get the national economy fixed in this post-Covid-19 re-birth era. Before the eve of the pandemic, Vietnam had a strategy to attract about 20 million foreign visitors. The previous year Vietnam attracted 16.3 million international visitors, which summed up to be a 15.4% increase from the preceding year, 2018. Henceforth, the country remains a potential destination for international travelers. Since the pandemic led to the financial collapse of the family and the local community businesses making a living on tourism, it is essential to look for a robust solution that will consider the local communities in boosting the economy. There is an already outstanding basement for tourism and travel sectors in the country; hence, investors can easily pick up on the reinvestment strategy to take the country back into or beyond its target.
Find out more about Lotus & Jasmine, our new project to welcome responsible travelers to Vietnam and promote sustainable hospitality with focus on Profit, People and Planet.
Vietnam and Thailand are beautiful countries with incredible sights to see, but unsustainable travel practices can take their toll on the environment. However, both countries stand out when it comes to sustainable travel. They have been a popular destination for a long time, and in recent years they're starting to attract a more conscious traveller looking for something beyond the typical beach holiday or city break. This guide will go over some of the benefits of sustainable hospitality and responsible tourism.
What is Sustainable Tourism?
Sustainable travel means that travellers do not negatively affect the natural or cultural resources they visit. They also create a positive effect by preserving those resources. Sustainable travel is a fascinating and rewarding way to explore new places. It also helps protect the environment and benefit wildlife conservation efforts for years to come; With that said, travellers should always ensure they embrace responsible tourism practices wherever they go. Also, sustainable travel isn't about giving up everything you love – it's about making small changes that can have a big impact. By following these tips, you can enjoy an amazing holiday while helping to preserve the culture and environment of the places you visit. For example, when visiting Vietnam and Thailand, you can ditch plastic bottles, pack lightly, take public transportation, and eat like the locals.
Benefits of Sustainable Tourism
done correctly, it can benefit both the traveller and the local community, which include:
Cultural enrichment: Visiting other cultures enriches your own, making you a more well-rounded person.
Enjoyment of different cultures: experiencing different cultures makes you appreciate your own.
Improved physical and emotional health: travelling has improved physical health by increasing activity and reducing stress. It also improves emotional health by providing a sense of adventure, new experiences, and self-discovery.
Economic benefits: sustainable tourism can create jobs and income opportunities for local people. Sustainable businesses also tend to be more environmentally friendly, saving money in the long run.
Enhanced appreciation for nature's beauty: visiting different places and experiencing new things increases your appreciation for nature.
Reduced environmental impact: sustainable tourism reduces the negative effects of travelling on natural resources like air quality and wildlife habitats. It also preserves these resources for future generations to enjoy.
There's so much to see and do in both these destinations, but if you want to travel around the world and positively impact the environment, then sustainable hospitality and tourism are for you.
My name is Massimo, a seasoned practitioner and consultant in the hospitality business. I am launching with my company Dining Vision an
“Ecospitality” project, Lotus & Jasmine
in Vietnam and Thailand. The social enterprise's objective is to integrate 100% eco-friendly lodging, organic food services, and local touristic activities with true green propositions as well as unique relaxing escapes.
Focus is on responsible tourism, sustainable hospitality and positive impact on local communities and environment.
More and more environmentally
conscious consumers are emerging, especially well-educated millennials and middle-aged individuals. They wish to experience extraordinary travel that is rich and socially responsible. However there are limited offers on the market. The locations of the projects
have been strategically chosen where huge potential of economic growth will be experienced in the post-COVID world. We are now raising fund to bring Lotus & Jasmine to
Lotus & Jasmine's unique value proposition is based on a highly viable and scalable business model, resulting in high ROI and market preemption.
You can participate in the innovative hospitality and sustainability project, and share
the fruit of an investment that is projected to be 280% 5-year ROI. Please find more info here
Contact me anytime to discuss investment strategies or learn more about the business plan and its triple bottom line: Profit - People - Planet.