Review on Green Supply Chain Management as a Strategic Approach for Better Corporate Performance

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