Sustainability in the supply chain Performance measurement implementation conditions current and future challenges (original) (raw)

Digital Transformation in Procurement and Supply Chains

2024

The global supply chain landscape is undergoing unprecedented transformation, driven by technological advancements and an increasing emphasis on sustainability. As the world moves towards digitalization, businesses are faced with the challenge of integrating modern technologies while maintaining ethical and sustainable practices. In this book, The Future of Supply Chains: Navigating Digital Transformation and Sustainable Procurement, we explore how these trends are reshaping the way companies manage procurement, logistics, and supply chain operations. This book is intended for supply chain professionals, business leaders, students, and anyone interested in understanding the evolving dynamics of modern supply chains. It aims to provide readers with insights into cutting-edge technologies such as artificial intelligence, blockchain, the Internet of Things, and sustainable procurement practices. Through practical examples, case studies, and expert analysis, we hope to shed light on the future direction of supply chain management and equip readers with the tools to navigate the complexities of digital transformation. We would like to express my deepest gratitude to all the professionals and academics who have contributed to the research and development of the concepts discussed in this book. Their expertise and experience have greatly enriched the content and provided valuable realworld perspectives.

Moderating Role of Data Driven Decision Making on the Relationship between Reverse Logistics and Firm Performance - A Development of Conceptual Framework

Asian Journal of Economics, Business and Accounting, 2024

The growing emphasis on sustainability in Supply Chain Management (SCM) has highlighted reverse logistics (RL) as a critical strategy for achieving both environmental and economic objectives. However, existing studies often overlook the moderating role of Data-Driven Decision Making (DDDM) in enhancing the relationship between RL and firm performance. This study addresses this gap by proposing a conceptual framework that integrates RL, sustainability, profitability, and DDDM to optimize reverse logistics operations and bolster firm performance. Drawing on a synthesis of existing literature, the study identifies key challenges in RL, including inefficiencies in recovery and recycling processes, and proposes data-centric strategies to address these issues. The conceptual framework illustrates how leveraging DDDM enables firms to analyze large datasets, streamline RL processes, and ensure alignment with sustainability goals. By integrating data-driven insights, organizations can improve operational agility, reduce costs, and achieve compliance with environmental regulations, ultimately enhancing profitability and competitive positioning. The methodology focuses on developing a theoretically grounded framework that lays the foundation for future empirical validation. Key results suggest that firms employing DDDM in RL processes can significantly reduce waste, lower carbon footprints, and create value through efficient resource use. This research provides actionable insights for managers and policymakers, advocating for the integration of DDDM to transform RL into a strategic driver of sustainability and profitability. This article holds significant importance for the scientific community as it addresses the critical intersection of reverse logistics, sustainability, and profitability, a growing area of interest in both academia and industry. By integrating the role of data-driven decision-making, the study provides a novel conceptual framework that can enhance operational efficiency and promote sustainable business practices. This study not only contributes to the theoretical advancement of reverse logistics and sustainability but also offers practical insights for organizations striving to balance economic and environmental objectives. Furthermore, it highlights the transformative potential of data analytics in driving sustainable supply chain strategies, making it a valuable resource for researchers and practitioners alike.

Management Logistics Maritime: A Literature Review

Kapal (Semarang)/Kapal, 2024

This study employs a systematic literature review, leveraging Leximancer text analytics software, to elucidate the evolving trends within maritime logistics management research with a focus on Asia, and more specifically, Indonesia. The rationale for concentrating on Asian trends stems from the region's burgeoning influence on global maritime logistics, characterized by innovative practices and strategic advancements in supply chain management, transportation optimization, and sustainability initiatives. Such trends not only reflect the dynamic nature of the logistics sector in Asia but also underscore the region's pivotal role in international trade. The investigation reveals that, while research themes in Asia and Indonesia exhibit considerable overlap, focusing on supply chain management, transportation efficiency, and environmental sustainability, Indonesian studies uniquely emphasize societal, environmental, and maritime developmental aspects. These distinctions mirror Indonesia's unique geographical, regulatory, and economic context as the world's largest archipelago, highlighting the critical challenges and opportunities it faces in maritime logistics. The objective of this study is not merely to map these research trends but to critically analyze how Asian maritime logistics management innovations can inform and enhance Indonesian practices. By doing so, the study aims to bridge the gap in literature and practice, proposing that Indonesian scholars can leverage Asian trends to address local challenges, thus contributing to the broader discourse on maritime logistics in a regionally contextualized manner.

Balancing Rapid Innovation and Sustainable Practices in Corporate Strategies

International journal of business & management, 2024

Balancing Rapid Innovation and Sustainable Practices in Corporate Strategies 1. Introduction The intersection of rapid innovation and sustainable practices in corporate strategies presents a complex yet crucial challenge in today's business world. This paper seeks to explore this intersection, addressing the fundamental question: Is it possible for companies to pursue aggressive innovation while simultaneously upholding sustainable practices without one aspect undermining the other? This conundrum is increasingly pertinent in the modern corporate landscape, where rapid technological advancements and global environmental concerns demand a new paradigm in corporate strategy. In recent years, the corporate world has witnessed a large shift in its operating environment. Rapid technological changes, coupled with an increased societal focus on environmental and social governance, have created a landscape where innovation and sustainability are no longer optional but essential for long-term success. The rise of digital technologies and global connectivity has accelerated the pace of change, enabling businesses to innovate at unprecedented speeds. Concurrently, there is a growing awareness and regulatory pressure regarding environmental sustainability, making it imperative for corporations to integrate eco-friendly practices into their business models. This dual pressure creates a unique challenge for today's businesses, navigating the fine line between staying at the forefront of innovation and adhering to sustainable practices. Understanding this evolving landscape is crucial for contextualizing the research problem this paper addresses, offering insights into the complexity and urgency of finding a balance between innovation and sustainability in corporate strategies. The significance of this inquiry lies in its relevance to contemporary corporate dynamics, where the pressure to innovate rapidly often clashes with the growing imperative for sustainability. This research aims to bridge the gap in existing literature, which has yet to fully unravel the potential for a harmonious integration of these two critical business objectives. In doing so, it acknowledges the historical context of corporate strategies that have traditionally prioritized either innovation or sustainability, but not in a cohesive manner. By adopting a qualitative research approach, the study delves into various corporate practices and strategies through interviews, surveys, and analysis of corporate documents. The intention is to develop a comprehensive understanding of how companies currently navigate the challenges of balancing innovation with sustainability. This exploration includes a historical overview of how corporate strategies have evolved in response to technological advancements and environmental consciousness, providing a broader context for the current research problem. The core of this research is the formulation of a new model based on empirical data, which conceptualizes a strategy for achieving this balance. This model is not only a theoretical construct but is also subjected to practical scrutiny through

A Study of Industry 4.0 for Circular Economy and Sustainable Development Goals in the Environment of Vuca

Journal of Innovations in Business and Industry, 2023

Sustainability is not only a buzz word but it is the need and being sustainable is the responsibility of mankind for the sake of its future generations. In the present industrial and social environment where mankind cannot ignore its development goals. The contemporary Industry has to excel on both fronts namely sustainability and development goals in the environment of VUCA-Volatility, Uncertainty, Complexity, and Ambiguity. Technologies of 4th industrial revolution (4IR) have the potential and ability of meeting the requirements. The brief paper attempts to capture the need and role of circular Economy for achieving Sustainable Development Goals in the environment of VUCA with the role and features of Industry 4.0 (I4.0) important for sustainable growth in the environment of VUCA under Circular Economy.

The role of IoT in boosting supply chain transparency and efficiency

Magna Scientia Advanced Research and Reviews, 2024

This review paper explores the pivotal role of the Internet of Things (IoT) in enhancing transparency and efficiency within supply chains. As global industries increasingly demand sustainability and streamlined operations, IoT emerges as a key enabler, providing unprecedented visibility and control. This paper synthesizes findings from a broad range of literature, including case studies and empirical research, to assess the impact of IoT on supply chain dynamics. The analysis reveals that IoT facilitates real-time tracking of goods and data flow, significantly increasing transparency across all supply chain tiers. This enhanced visibility aids in proactive decision-making, compliance with regulatory standards, and adherence to sustainability criteria. Additionally, the integration of IoT is shown to streamline operations, reduce costs, and elevate customer satisfaction through more reliable and responsive service delivery. The paper concludes that while the adoption of IoT drives considerable improvements in supply chain management, it also introduces challenges such as the need for substantial infrastructure investment and ongoing concerns regarding data security and privacy. Recommendations for practitioners include adopting a phased IoT integration strategy and prioritizing robust cybersecurity measures to safeguard sensitive information. This review provides a comprehensive overview of IoT's capabilities and outlines strategic approaches to harness its full potential for transforming supply chain operations.