Development based on sustainability is the key to ensure a firm’s endurance and green supply chain management practices improves performance by considering environmental laws and standards, increasing customer awareness, and reducing adverse environmental effects through products and services. Strategies aligned with the green supply chain helps firms with creation of opportunities for better performance and meet the requirements of sustainability. This review paper aims to gain insights based on management of the green supply chain and its strategic effect on corporate performance through competitiveness. Based on the review, it is confirmed that a greener supply network has various benefits related to it and implementing green supply chain practices in sync with strategic planning can enhance corporate performance of firms in varied aspects. However, it also highlighted a research gap as there are limited studies showcasing the measured effect of greener supply network strategies and initiatives on corporate performance of a firm. Lastly, the paper contributes with avenues for further research with the possibilities of strategic approaches for a greener value chain to elucidate its impact quantitatively. Sanath. N | Shreyas Modak | Dr. Nagesh. S "Review on Green Supply Chain Management as a Strategic Approach for Better Corporate Performance" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-5 , August 2021, URL: https://www.ijtsrd.com/papers/ijtsrd43805.pdf Paper URL: https://www.ijtsrd.com/engineering/industrial-engineering/43805/review-on-green-supply-chain-management-as-a-strategic-approach-for-better-corporate-performance/sanath-n
International Journal of Trend in Scientific Research and Development (IJTSRD)
Volume 5 Issue 5, July-August 2021 Available Online: www.ijtsrd.com e-ISSN: 2456 – 6470
@ IJTSRD | Unique Paper ID – IJTSRD43805 | Volume – 5 | Issue – 5 | Jul-Aug 2021
Page 289
Review on Green Supply Chain Management as a
Strategic Approach for Better Corporate Performance
Sanath. N, Shreyas Modak, Dr. Nagesh. S
Department of Mechanical Engineering, R V College of Engineering, Bengaluru, Karnataka, India
ABSTRACT
Development based on sustainability is the key to ensure a firm’s
endurance and green supply chain management practices improves
performance by considering environmental laws and standards,
increasing customer awareness, and reducing adverse environmental
effects through products and services. Strategies aligned with the
green supply chain helps firms with creation of opportunities for
better performance and meet the requirements of sustainability. This
review paper aims to gain insights based on management of the green
supply chain and its strategic effect on corporate performance
through competitiveness. Based on the review, it is confirmed that a
greener supply network has various benefits related to it and
implementing green supply chain practices in sync with strategic
planning can enhance corporate performance of firms in varied
aspects. However, it also highlighted a research gap as there are
limited studies showcasing the measured effect of greener supply
network strategies and initiatives on corporate performance of a firm.
Lastly, the paper contributes with avenues for further research with
the possibilities of strategic approaches for a greener value chain to
elucidate its impact quantitatively.
KEYWORDS: Supply chain management, green supply chain
management, Corporate performance, Strategic approach, Strategic
management, Environment, Competitiveness
How to cite this paper: Sanath. N |
Shreyas Modak | Dr. Nagesh. S "Review
on Green Supply Chain Management as
a St