Driving business performance through green procurement policy: The power of supply chain information sharing for robust supply chain

Abstract

Few researchers seek to understand how firms can drive business performance through green procurement policy. Fewer still embrace the power of supply chain information sharing for robust supply chain management. If this is so, then there is a cause for concern. Here, the researchers used SmartPLS4 for data analysis and model testing, utilizing the mediating effects of supply chain resilience and supply chain robustness in the relationship between green procurement policy and business performance. The researchers found a positive association between supply chain information sharing, entrepreneurial orientation proactiveness, and green procurement policy. The results signify that supply chain resilience and supply chain robustness mediate the constructive association between green procurement policy and business performance. Our findings have practical implications where firms can promote information flow, foster proactive entrepreneurship, and enhance supply chains’ resilience and robustness to support green procurement strategies. By integrating these insights into their strategy, businesses can gain a competitive advantage in the global market while fulfilling their regulatory requirements and stakeholder expectations. Our research is the first to examine the mediating role of supply chain resilience and supply chain robustness in ensuring the impact of green procurement policy on enhancing business performance.