Bio-based Products Future is Promising, but Hurdles Exist
Supply Chain View from the Field
SEPTEMBER 3, 2015
Unfortunately, The North American Industry Classification System (NAICS) is the standard-bearer for classifying businesses and sectors. Many of the largest multi-national retailers discussed with us the perceived benefits that biobased products can provide in their corporate sustainability goals and programs. There has, in fact, emerged a “consumer pull” for green products, as millennials are willing to pay the same (or even 10% higher) price for greener sustainable products.