Supply chain optimization for environmental sustainability and economic growth.

Abstract

As the globe strives to solve severe environmental challenges, the concept of a low-carbon economy that prioritizes low energy use, little pollution, and sustainable development is gaining support. The supply chain management industry is not safe from the possibilities and threats posed by this new development. In light of the emerging norm, it is imperative that all supply chain links be economically and ecologically sustainable. For conventional businesses, ensuring environmental advantages and practicing the issue of equitably dividing supply network node profits is exacerbated by green supply chain management. This paper was prompted by the increasing need for information on green supply chain management (GSCM). GSCM is based on the idea of incorporating ecological considerations into traditional SCM practices. Therefore, GSCM is vital in shaping the cumulative environmental effect of businesses engaged in supply chain operations. To assess environmental sustainability requirements, we provide a best-worst method (BWM), a subset of China-based sectors in order to fill this void. The BWM was used to evaluate and quantify the impact of a variety of industrial operations and criteria on environmental quality. To make sure this approach is effective and reliable, we polled 34 experts for their input on which indications from our preliminary literature analysis would be most useful. This study's findings, supported by a sensitivity analysis, indicated stated "waste management" was the single most important indication for China-area businesses to achieve environmental sustainability. The results of this study provide industry managers, decision-makers, and practitioners with the information they need to choose areas of focus during the implementation phase that will have the most impact on promoting social sustainability in their organizational supply chain and moving toward sustainable growth.