Author(s) :

Rajalakshmi T, Chetas BN, T. Anuhya, Tanisha Dhariwal, Aseem Chawla, Dr. Varalakshmi S.

Volume/Issue :

Abstract :

In today's world, sustainability has become the primary focus for most industries due to the growing challenges of climate change, social inequality, and resource depletion (WCED, 1987; IPCC, 2021). This research specifically aims to investigate how sustainable supply chains can address these issues and locations, encompassing initiatives that prioritize social good alongside environmental preservation (Seuring & Müller, 2008). It is possible to make every stage of the supply chain environmentally friendly, from the extraction of raw materials to the distribution of products, by reducing emissions and waste, optimizing resource usage, and ensuring effective management (Sarkis, 2012). Sustainable supply chains not only focus on environmental aspects but also promote fairness by ensuring workers receive fair wages and good working conditions, respecting human rights, and contributing to regional prosperity (Carter & Rogers, 2008). This paper aims to evaluate the fundamental principles and methods that support or have the potential to support the establishment of sustainable supply chains, including the circular economy (Geissdoerfer et al., 2017), eco-friendly technologies, and establishing trustworthy relationships with suppliers (Pagell & Wu, 2009). It accomplishes this by examining social memory 'practices' to illustrate how these processes, which aim to mitigate environmental risks, also contribute to reducing social inequality, creating job opportunities, and enhancing the community's capabilities (Gold et al., 2013). Furthermore, the research examines the role of government initiatives (GRI, 2021), public awareness (Gershoff & Frels, 2015), and technology (Büyüközkan & Göçer, 2018) in evaluating their impact on the transition of supply chains to eco-friendly ones. It also addresses topics such as economic factors, growth, and vertical integration within the market (Porter & Kramer, 2011). By elucidating the connection between sustainable supply chains and societal welfare, this study emphasizes the importance of embracing such practices to advance social equity and inclusivity in development endeavours (Elkington, 1997).

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