To Study and Explore the Adoption of Green Logistic Practices and Performance in Manufacturing Industries in India

Abstract

Environmental concerns are top priorities for all nations in the globe today. Organisations must thus address these problems given the ongoing pressure on them to take action that is environmentally friendly. One industry that has a negative impact on the environment is logistics. Logistics activities have greatly risen as a result of globalisation. The logistics market will reach USD 6,300 billion on a global scale by 2024, with a compound annual growth rate of 4.9% from 2019 to 2024. In order to improve the environment and reduce carbon emissions, manufacturing companies are implementing new strategies and green regulations. Green logistics has recently gained popularity in wealthy nations. Despite being in developing nations, it is still in its early stages and requires more attention. The lack of promotion and adoption of green techniques in logistics by developing nations had been questioned. For the Indian manufacturing sector, the current study focuses on green logistics drivers, challenges, practices and performance metrics (especially in the oil and gas sector). Because it is a well-known industry that generates a significant amount of carbon emissions, the oil and gas sector was chosen for the research study. This industry’s downward vertical includes the main logistics functions, such as marketing and wholesaling and has never been centred on green logistics. The implementation of the green logistics practices is governed by a number of drivers and barriers that both enable its implementation and may serve as obstacles. These factors must be thoroughly explored because they are the most important ones. This study’s main goal is to provide a conceptual framework for green logistics that will apply to the logistics activities carried out by the Indian manufacturing industry (oil and gas) and the impact they have on economic and environmental performance. In the context of the oil and gas industry, the key green logistics drivers that could facilitate the adoption of green logistics practises have been thoroughly researched. By outlining the finest green logistics methods and factors that the sector should take into account, this study is further developed. The officials and managers who work for the downward logistics of the oil and gas industry were selected for the study and the survey questionnaire was employed as the research tool. Finally, using structural equation modelling, the effects of these green logistics practises on economic and environmental performance have also been researched and examined (SEM). When developing various rules and incentives for the Indian manufacturing sector to encourage the adoption of green logistics practices, this report would be crucial for the government. The results of this study about various green logistics activities may be related to creating a long-term plan for the industrial sector. The research will be helpful to future researchers, practising managers, governmental organisations, academic institutions and the Indian manufacturing industry as a whole.