Abstract:
The emerging global context accentuates green supply chain management
beyond traditional supply chain practices emphasizing its positive
consequences on businesses and the environment. Hence, it has become
imperative to investigate the impact of green supply chain management
practices on economic performance. Notwithstanding, there is a dearth of
studies conducted to determine the effect of GSCM practices and economic
performance in the Sri Lankan context. Food and beverage firms in Sri
Lanka have been considered as the population of the study. In contrast, 100
food and beverage firms located in the Galle district have been selected as
the sample of the study using convenience sampling techniques that are
actively adopting green practices. A structured questionnaire which consisted
of demographic questions and scale questions was distributed to relevant
respondents and collected data were analyzed via SPSS software employing
both descriptive and inferential analysis with correlation and regression
analysis. According to study findings, green purchasing, eco-design, reverse
logistics, and investment recovery have a positive significant impact on
economic performance while internal environmental management does not
show any statistical significance with economic performance. Continuing
green purchases, adopting eco-friendly materials and packaging, recycling,
reusing, and reducing wastage provide valuable insight for industry leaders
who seek sustainable models in the food and beverage industry as they
directly affect economic performance. Further, this study provides valuable
insight into the interconnection between GSCM and economic performance
in the context of developing nations.
