Sustainable Business Policies Key To Growth

Having sustainable development strategies and strong supply chains are key to support the growth and prosperity of Quebec entrepreneurs, says KPMG in its ‘Focus Quebec 2025’ study. More than half of companies surveyed say they do not have a sustainable development objective or policy in place. However, 68 per cent of respondents, as consumers, say they are influenced by environmental, social, and governance factors (ESG) in their consumption choices. In addition, 67 per cent of respondents say ESG factors are an important consideration in their choice of employers. Nearly half of respondents say they must rethink their distribution network due to changes in consumer behaviour. Seventy-three per cent of respondents, who are themselves consumers, say they now prefer to buy online and want fast, free delivery. To ensure organizations are able to meet the needs of their customers, solutions include positioning distribution centres closer to consumers, identifying the best-selling and most delivered products, or keeping a larger inventory of a limited number of best-selling products. Distribution network optimization can lead to a five to 10 per cent reduction in operational costs.