Green Supply Chain Management Strategies for Sustainable Business Practices
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This review study article explores the tactics used by organizations to embrace and execute eco-friendly practices, delving into the crucial field of Green Supply Chain Management (GSCM). Businesses are realizing more and more how important it is to include sustainability into their supply chain operations as the world struggles with the urgent issues of climate change and environmental degradation. The article starts out by giving a thorough rundown of the conceptual framework that supports GSCM, highlighting how it promotes corporate responsibility and environmental stewardship. It then dives into a thorough examination of the many tactics used by businesses to incorporate eco-friendly practices into their supply chains. These tactics include the use of green technology, waste minimization, energy efficiency, eco-design, and the acquisition of sustainable materials. The assessment also clarifies the various advantages that come with implementing GSCM, from cost reductions and improved brand recognition to risk reduction and regulatory compliance. The article also discusses the difficulties that companies encounter when putting green initiatives into practice, such as supply chain complexity, stakeholder alignment, and early investment expenditures. Finding new trends and best practices in GSCM is made easier by the integration of results from several empirical research and industry reports. The study also provides information on how government regulations, supply chain partner cooperation, and technology may all help to advance environmentally beneficial projects. By offering a sophisticated grasp of GSCM tactics, this review article adds to the growing conversation on sustainable business practices. In the quest for a more robust and sustainable global economy, it is a useful tool for scholars, industry professionals, and legislators looking to promote environmentally friendly supply chain practices.