Markets, Business and Sustainability

Author(s): R.N. Lacroix, L. Laios and S. Moschuris

DOI: 10.2174/9781681080253115010011

Sustainable Procurement Adding Value to Consumers in Times of Economic Crisis

Pp: 145-159 (15)

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Abstract

SHS investigation development is considered from the geographical and historical viewpoint. 3 stages are described. Within Stage 1 the work was carried out in the Department of the Institute of Chemical Physics in Chernogolovka where the scientific discovery had been made. At Stage 2 the interest to SHS arose in different cities and towns of the former USSR. Within Stage 3 SHS entered the international scene. Now SHS processes and products are being studied in more than 50 countries.

Abstract

Sustainable Procurement has been an excellent tool for companies to provide solutions to consumers where cost, quality, production with less material, energy, water, waste and pollution, delivery, and recycling are constantly optimized. The economic crisis has made some consumers more demanding and some of those accustomed to sustainability are unable to afford solutions they once afforded. After discussing the characteristics of the changing consumer, sustainable procurement strategy factors, and consumption and sustainability (Sanne 2002), while making reference to numerous existing studies and literature reviews, we propose a new four level model for sustainable procurement that captures a wider spectrum of consumers to include low and medium income consumers.

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