How Accenture is re-thinking about moving away from abundance thinking; guide to responsible business practices
Customers are and will be affected by scarcity of goods/resources. The complexity of transforming a supply chain into a future-proof supply chain network can be managed by Accenture.
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Accenture is continuously designing the balance between affordability and sustainability and moving out of "Abundance thinking" with its simplified operations.
Supply Chain
Customers are and will be affected by scarcity of goods/resources. The complexity of transforming a supply chain into a future-proof supply chain network can be managed by Accenture. The mission is to design scarcity thinking, decouple innovation from the notion of 'new', and integrate circulation and regeneration into their supply chains to make business nature positive in challenging times. Accenture helps clients re-design, build and operate supply chain networks that facilitate change, simplify life, and benefit businesses, society, individuals and the planet. It views it as a major opportunity for reform and designs for scarcity – moving away from abundance.
Sustainability services
Customers are thinking hard on sustainability and are judging the value of the goods and services through the lens of their value – For organizations to meet their customers’ expectations and be truly sustainable they must ensure responsible business practices inside their own organization and across their entire value chain. That means making sure that their own product designs, plants, warehouses, suppliers, sub-contractors, transportation providers and others adhere to the highest environmental, social and governance practices on a global basis.
Accenture can help transform an organization's value chain for sustainable impact by helping to make every step of it intelligent and embedding responsible business practices at every stage like 1. Developing sustainable product strategy and design. 2. Leveraging the power of platforms to drive sustainable business models. Providing local, ethical and inclusive sourcing support, energy sourcing strategy and supplier-risk assessments based on ESG criteria. 3. Providing heat and power decarbonization strategies, circular plant design and delivering solutions for safe, connected workforces.
Business strategies
Designing for the balance between affordability and sustainability can begin with a business strategy. For example; the question of the role of abundance thinking in business, less doesn't have to mean loss. It can mean better!
Accenture enables 360 degree value creation by providing insights from AI & data science and deep industry expertise in optimizing business functions, supply chains, operating models and cultures. To create 360° value for shareholders and stakeholders by defining and answering their most strategic business questions. A nature positive economy could unlock 10 trillion dollars worth of business opportunities by transforming the three economic systems that together are responsible for almost 80% of nature loss. That’s food, infrastructure and energy. So, as we question the role of abundance thinking in business, less doesn't have to mean loss. It can mean better. To do that, rethinking this default abundant setting in our heads will be an important first step. Then having recognize the interconnectedness of everything. The second is to start collaborating with others, an ecosystem to tackle climate change, which is our most pressing challenge.
