Published Date: 13-5-2024
In an era where sustainability is at the forefront of global discussions, two experts: Ebiuwa Obahiagbon and Matthew Ogwu, are pioneering innovative sustainability models for bioresources-based businesses, with a particular focus on herbal medicine. Their recent groundbreaking work published by Springer Nature addresses the urgent need for adopting sustainable supply chain practices in the rapidly growing bioresources sector. These models are rapidly gaining traction worldwide, heralding a new era of eco-friendly and economically viable herbal medicine products and practices.
Bioresources-based businesses such as herbal medicine has experienced significant growth in recent years. This growth is being propelled by a global shift in consumer preferences and cultural practices towards natural and organic products that are perceived as safer and more environmentally friendly compared to synthetic alternatives. However, this increasing demand poses sustainability challenges such as overharvesting, loss of biodiversity and ecological imbalance.
Obahiagbon and Ogwu, who are leading experts in environmental science, bioresources management, supply chain management and sustainable development, emphasize the importance of implementing sustainability models that balance economic growth with ecological preservation. Obahiagbon a renowned authority in Business management and sustainable development, noted that, “The frameworks enable businesses manage the entire supply chain, from supplier’s stage to that of the customers so as to make informed decisions and handle problems through a stakeholder planning system.” In support of this statement, Professor Ogwu, whose extensive research is available on Google Scholar and ResearchGate adds that “Sustainability is not just a buzzword, it is rather a necessary framework for ensuring that our natural resources are available for future generations.” These models enable companies to work with local farmers and suppliers to source biological resources sustainably, to promote fair trade practices and minimize environmental impact.
In their recent work titled, “the nexus of business, sustainability and herbal medicine” and “Sustainable supply chain management in the Herbal medicine Industry”, Obahiagbon and Ogwu proposed several transformative sustainability models designed to improve the supply chain management of bioresources-based businesses. These include Community-Based Resource Management (CBRM) referred to as “The integration within the nexus of herbal medicine, business and sustainability”. This model empowers local communities to take charge of managing their natural resources. By involving communities in decision-making processes, CBRM encourages the sustainable use of resources while providing economic benefits to the locals. Regarding bioresource business, Obahiagbon and Ogwu’s model advocates for sustainable cultivation and harvesting to ensure the long-term availability of medicinal plants while safeguarding natural resources through communal efforts. In addition, the model incorporates advanced techniques like in-situ and ex-situ conservation, coupled with rigorous agricultural practices to reduce the strain on wild plant populations. Nations globally are already witnessing the benefits which include enhanced biodiversity and environmental health. Among the Philippines, overfishing and habitat degradation have been significant issues threatening marine biodiversity and the livelihoods of local fishermen in their country. The introduction of the CBRM sustainability model will help curb these challenges.
Secondly, Obahiagbon and Ogwu developed the Integrated Supply Chain Management (ISCM) framework which focuses on creating transparent and sustainable supply chains for herbal medicine production. It emphasizes optimizing resource use and reducing waste throughout the supply chain and ensures sustainability is embedded at every production stage. However, Obahiagbon opines that, “The Integrated Supply Chain Management model introduces a framework for sustainable manufacturing and green distribution.” By promoting eco-friendly production methods, green packaging and sustainable logistics, this model can transform the way bioresource-based businesses like herbal medicine products are produced, brought to market and repurposed after use. The widespread adoption of these practices is not only boosting the economic viability of the herbal medicine sector but also significantly reducing its environmental impact.
Finally, the Supply chain monitoring system framework leverages technology, such as remote sensing and data analytics, can enhance monitoring and management practices in bioresources-based businesses. The power of technology in sustainability cannot be over-emphasized. However, Obahiagbon asserts that, “…by leveraging digital tools, businesses can enhance their resource management practices and ensure that sustainability is not just a goal but a measurable outcome.” These technologies provide valuable insights into resource availability. They assist in predicting and mitigating potential environmental impacts. For example, using remote sensing technologies to monitor and assess the health of bioresources over large areas. This technology provides real-time data on plant health, soil conditions and environmental changes.
These innovative models proposed by Obahiagbon and Ogwu are gaining attention worldwide as they are influencing policymakers, industry leaders and researchers to adopt more sustainable practices. These models resonate with businesses and communities worldwide because they are not just theoretical frameworks; they are actionable solutions that integrate local knowledge and global best practices. Their work aligns with global efforts to achieve the United Nations Sustainable Development Goals, particularly those focused on responsible consumption and production, as well as life on land. Obahiagbon noted that “The models we’ve developed are adaptable, culturally sensitive, and scalable, which is why they’re being embraced by so many businesses across the globe”. To support her statement, Ogwu adds that “The integration of sustainable practices in bioresources-based businesses is not just an option, it is a necessity for our planet’s future”. Thus, as these models continually gain traction, they pave way for a more sustainable and equitable global bioeconomy where natural resources are conserved, and economic growth is achieved responsibly.
The pioneering efforts of Obahiagbon and Ogwu therefore serve as a beacon for other sectors seeking to implement sustainability into their operations. Their comprehensive approach demonstrates that with the right strategies and collaboration, the balance between economic development and environmental stewardship can indeed be achieved.
