Sustainability has become a top priority for many consumers, and retailers are responding. A Deloitte report showed that 55% of consumers surveyed recently bought a sustainable product or service. In response to growing demand for eco-friendly products, retailers are trying to reduce their impact on the environment. They’re working to combat the effects of climate change, reduce waste, and eliminate their carbon footprint.
The sustainability trends for 2023 go beyond eco-friendliness, however. They also include measures aimed at improving working conditions and employee well-being.
In order to meet these sweeping goals, companies rely on data and technology.
Sustainability trends 2023 reshaping retail
The United Nations World Commission on Environment and Development defined sustainable development as “meeting the needs of the present without compromising the ability of future generations to meet their own needs.”
In other words, it’s a way to preserve resources, care about the environment, and build a better, safer reality for all.
Here’s our breakdown of some of the biggest sustainability trends impacting retail in 2023:
1. Greater transparency, increased regulation
2. Focus on improving delivery to reduce the carbon footprint
3. Rise of the circular economy
4. Eco-friendly, fair workplaces
5. Ethical supply chain
6. Growing role of data and AI in sustainability efforts
7. Reliance on cloud technology
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