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Article

Abstract

Sourcing products locally is not just a trend, it is also an important step towards sustainable business practices. Sustainable business depends on balancing sales with the ability to maintain growth. Sustainability is a complex concept. In the charter for the UCLA Sustainability Committee, sustainability is defined as: “the physical development and institutional operating practices that meet the needs of present users without compromising the ability of future generations to meet their own needs, particularly with regard to use and waste of natural resources. Sustainable practices support ecological, human, and economic health and vitality. Sustainability presumes that resources are finite and should be used conservatively and wisely with a view to long-term priorities and consequences of the ways in which resources are used.” When talking about sustainability, it is important to look at the three P’s: Planet, People, Profit. Keeping these in mind when making decisions about your business will help you ensure that you can minimize your environmental impact, make your customers and community happy, and have economic success. This article will focus on the benefits and challenges encountered in each area specifically economic, environmental, health and well-being and the social impact.

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Creative Commons Attribution 4.0 License
This work is licensed under a Creative Commons Attribution 4.0 License.

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