Many organisations have traditionally pursued value creation by focusing on direct costs such as labour, manufacturing, and logistics. However, companies can create even greater value by looking at the social and environmental implications of the product life cycle across the entire value chain.
Doing so provides stakeholders with greater efficiency and transparency over a product’s total impact, from product development, sourcing, and manufacturing through to distribution, marketing, use, and disposal and/or recycling and reuse.
By spending time understanding their value cycle, companies can expand and deepen their visibility, yield increased profits, improve customer retention, and enhance productivity. Furthermore, it allows companies to mitigate against potential reputational risks, identify areas for innovation, and limit their exposure to potential future resource scarcity.
How can Longevity Partners help you?
Longevity Partners can support you in your value cycle management by:
1. Using Life Cycle Assessment (LCA) tools to assess the end-to-end environmental and social impacts associated with your products and services;
2. Identifying potential areas of social and ecological exposure, identifying improvements in product and process design decisions, and highlighting cost-savings opportunities throughout the value chain;
3. Creating bespoke roadmaps to ensure effective risk mitigation, boost collaboration, and promote innovation across the value cycle;
4. Designing internal policies and codes, put in place monitoring systems, and design development initiatives to build capacity across the value cycle.