Sustainability in Supply Chain Management: An Overview
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In recent times, sustainable business development has become the key focus area for companies because of the increased competitiveness and market globalization. Organizations are under pressure to reduce the cost of products and improve the services to the customers. The number of organizations integrating sustainability in supply chain is increasing in order to improve their market positions over their competitors and increase their profitability. Incorporating sustainability in supply chain has become a challenge for the company because of several issues like environment protection, restriction in natural resources’ usage, abiding by government policies, disposal of the product at end-of-life, providing efficient and effective product or service, etc. It has become indispensable to include these key features in the existing supply chain. Realizing the importance of sustainability in a supply chain, the present paper aims to offer an understanding of the current trends in sustainable supply chain management and the challenges it faces over its implementation.