REVIEW OF THE INFLUENCE OF GREEN SUPPLY CHAIN MANAGEMENT PRACTICES ON CORPORATE PERFORMANCE

Abstract

The review examines the influence of Green Supply Chain Management (GSCM) practices on corporate performance, highlighting the increasing emphasis on sustainability in modern business operations. GSCM integrates environmental considerations into supply chain activities, including procurement, manufacturing, distribution, and waste management, aiming to reduce ecological impact while enhancing operational efficiency. The adoption of GSCM practices has become a strategic priority for organizations seeking to improve their environmental performance and meet regulatory and consumer demands for sustainability. This review explores how GSCM practices such as green procurement, eco-design, sustainable manufacturing, and reverse logistics positively influence corporate performance across various sectors. It analyzes the economic, environmental, and social dimensions of corporate performance, revealing that GSCM can lead to cost savings, improved resource utilization, enhanced brand reputation, and compliance with environmental regulations. Additionally, GSCM practices contribute to long-term sustainability by fostering innovation, reducing carbon footprints, and minimizing waste. The review also addresses the challenges companies face when implementing GSCM, such as high initial costs and the need for stakeholder collaboration. This review provides insights into the critical role of GSCM practices in driving corporate performance, emphasizing the potential benefits of sustainable supply chain strategies for organizations striving for competitive advantage in a rapidly evolving market landscape focused on sustainability and environmental responsibility.