Sustainability in Supply Chain Management: Assessing the Trade-off between Economic Growth and Environmental Impact"

Abstract

The modern global economy demands a delicate balance between economic growth and environmental sustainability, particularly within supply chain management (SCM). This study, titled “Sustainability in Supply Chain Management: Assessing the Trade-off between Economic Growth and Environmental Impact,” investigates this critical intersection, shedding light on the challenges and opportunities faced by organizations striving to align profitability with environmental responsibility. The research explores how supply chain decisions impact both economic growth and environmental health, using case studies, industry data, and stakeholder insights to provide a nuanced perspective on this pressing issue. Central to the study is the recognition that while sustainability initiatives can enhance long-term competitiveness and resilience, they often involve significant short-term costs and operational complexities, creating a trade-off that businesses must navigate. Key findings reveal that:  Companies adopting sustainable practices often experience initial financial strain but gain long-term benefits such as enhanced brand reputation, operational efficiencies, and regulatory compliance.  Major barriers to sustainable supply chains include high costs, lack of technological integration, and resistance to change within organizations.  Emerging technologies like block chain, artificial intelligence, and green logistics present untapped potential to bridge the gap between economic and environmental objectives. The study also identifies actionable strategies for companies to overcome these challenges, such as investing in renewable energy, adopting circular economy principles, and fostering collaborative partnerships across the supply chain. It highlights successful examples where firms have balanced profitability with sustainability, offering inspiration and a roadmap for others.