Enhancing Economic Resilience through Integrated Sustainability Strategies in Supply Chains

Abstract

The incorporation of sustainability techniques into supply chains is imperative in the current global business environment to augment economic resilience. This study has focused on the relationship among sustainability, economic feasibility, and supply chain management, underscoring the significance of comprehensive strategies in reducing risks, promoting creativity, and generating value. The study has emphasized the value of integrated sustainability strategies in supply chains through a qualitative thematic analysis of data collected from eight supply chain and logistics companies in Sri Lanka using a semi-structured questionnaire. The analysis identified four key themes: sustainable logistics and transportation practices, risk mitigation and flexibility, collaborative partnerships for mutual value creation, and innovation and technology adoption. In an ever-changing economy, organizations may contribute to resilience and economic sustainability by implementing integrated sustainability programs. Organizations can also negotiate uncertainty, uphold ethical standards, and give long-term value to stakeholders. Key findings reveal that sustainable practices in logistics and transportation reduce costs, improve efficiency, proactive and mitigate risks, while risk management and collaboration with stakeholders foster resilience to disruptions. Innovation and technology adoption further enhances supply chain agility and sustainability, ensuring long-term economic viability. The study has underscored the importance of embracing sustainability principles across supply chains to not only mitigate risks but also drive innovation, competitiveness, and value creation. The implications of these findings emphasize the necessity for organizations to prioritize sustainability as a core business strategy, aligning it with their economic resilience goals. Future research should explore the challenges of implementing sustainability initiatives in different industries and regions, as well as examine the long-term impact of these practices on economic performance and competitive advantage.