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Green Initiatives in Supply Chain Management Drives Enterprises' Competitiveness and Sustainability

In: Green Supply Chain - Competitiveness and Sustainability

Author

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  • Ken Mathu

Abstract

The advent of supply chain management (SCM) strategy over the past four decades coupled with innovations in technology has revolutionised management of enterprises tremendously. The SCM strategy has enhanced supplier-customer collaboration and integration in the delivery of product/service to ultimate customers, while the enabling role of technology speeds up the information and product flow. The effectiveness and efficiency emanating from supply chain management is a manifestation of enterprises' inclusive concern of value-creation from economic, environmental and social attributes, also referred as triple-bottom line (TBL). Such enterprises are streamlined as they utilise resources sparingly and produced less waste. Hence, they are lean, resilient and possess capacity to withstand disruptions. These qualities are derived from green initiatives and render these enterprises' competitiveness and sustainability. This is change management through which conventional supply chain management transforms into green supply chain management (GSCM) by refocusing value-creation in embracing the triple-bottom line that drives the competiveness and sustainability of enterprises.

Suggested Citation

  • Ken Mathu, 2021. "Green Initiatives in Supply Chain Management Drives Enterprises' Competitiveness and Sustainability," Chapters, in: Tamas Banyai & Ireneusz Kaczmar (ed.), Green Supply Chain - Competitiveness and Sustainability, IntechOpen.
    • Handle: RePEc:ito:pchaps:221310
    DOI: 10.5772/intechopen.94770
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    More about this item

    Keywords

    competitiveness; green initiatives; GSCM; SCM; sustainability; triple-bottom line;
    All these keywords.

    JEL classification:

    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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