SUSTAINABLE SUPPLY CHAIN MANAGEMENT IN THE MEDICAL INDUSTRY: A THEORETICAL AND PRACTICAL EXAMINATION

Authors

  • Emmanuel Adeyemi Abaku Gerald and Gerald Exchanges, Lagos, Nigeria
  • Agnes Clare Odimarha Shell Nigeria

DOI:

https://doi.org/10.51594/imsrj.v4i3.931

Abstract

Sustainable Supply Chain Management (SSCM) has emerged as a critical paradigm in the modern healthcare landscape, aiming to reconcile the often conflicting objectives of environmental stewardship, social responsibility, and economic viability within medical supply chains. This paper offers a comprehensive theoretical and practical exploration of SSCM within the context of the medical industry. Six keywords - sustainability, supply chain management, healthcare, environmental stewardship, social responsibility, economic viability - encapsulate the essence of this examination. The introduction sets the stage by highlighting the growing importance of sustainability in healthcare operations and the unique challenges faced by the medical sector in achieving sustainable supply chains. It underscores the significance of integrating environmental, social, and economic considerations into the fabric of medical supply chain management practices. The subsequent sections delve into various facets of SSCM in the medical industry. They address key components such as reducing carbon footprint and waste, fostering social responsibility through ethical sourcing practices, and striking a balance between sustainability objectives and cost efficiency. Regulatory frameworks and compliance requirements specific to healthcare supply chains are also explored, emphasizing the need for alignment with evolving sustainability standards. Technological innovations play a pivotal role in driving sustainability in medical supply chains, with advancements in data analytics, blockchain, and IoT enabling enhanced visibility, traceability, and efficiency. Moreover, collaboration and partnerships among stakeholders are deemed essential for fostering sustainable practices across the healthcare ecosystem. Drawing from real-world case studies, the paper illustrates successful implementations of SSCM principles in the medical industry, showcasing best practices and lessons learned. Finally, it prognosticates future trends and challenges, anticipating continued emphasis on sustainability amidst evolving market dynamics and regulatory landscapes. In sum, this theoretical and practical examination underscores the imperative for sustainable supply chain management in the medical industry, offering insights and strategies to navigate the complex interplay of environmental, social, and economic factors in healthcare logistics.

Keywords:  Sustainability, Supply Chain Management, Healthcare, Environmental Stewardship, Social Responsibility, Economic Viability.

Published

2024-03-22

Issue

Section

Articles