Green Supply Chain Management: Strategies For Eco-Friendly Business Practices
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Abstract
This review research paper delves into the pivotal domain of Green Supply Chain Management (GSCM), exploring the strategies employed by businesses to adopt and implement eco-friendly practices. As the global community grapples with the pressing challenges of climate change and environmental degradation, organizations are increasingly recognizing the imperative to integrate sustainability into their supply chain operations. The paper begins by providing a comprehensive overview of the conceptual framework underpinning GSCM, emphasizing its role in fostering environmental stewardship and corporate responsibility. Subsequently, it delves into a meticulous analysis of diverse strategies that enterprises employ to imbue their supply chains with environmentally conscious practices. These strategies encompass procurement of sustainable materials, eco-design, waste reduction, energy efficiency, and the adoption of green technologies. Furthermore, the review elucidates the multifaceted benefits accruing from the adoption of GSCM, ranging from cost savings and enhanced brand reputation to regulatory compliance and risk mitigation. The paper also navigates through the challenges faced by businesses in implementing green strategies, including initial investment costs, stakeholder alignment, and supply chain complexities. The synthesis of findings from various empirical studies and industry reports facilitates the identification of emerging trends and best practices in GSCM. Additionally, the paper offers insights into the role of technology, government policies, and collaboration among supply chain partners in advancing eco-friendly initiatives. This review paper contributes to the burgeoning discourse on sustainable business practices by providing a nuanced understanding of GSCM strategies. It serves as a valuable resource for academics, practitioners, and policymakers seeking to foster eco-friendly supply chain practices in the pursuit of a more sustainable and resilient global economy.
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