Sustainable infrastructure, energy projects, and economic growth: mediating role of sustainable supply chain management
Annals of Operations Research(2024)
Abstract
Economic integration and infrastructure connectivity among countries has garnered significant interest due to its immense scale and potential political and economic impact. Special economic zones (SEZ), energy projects, and sustainable infrastructure are influential catalysts that have the potential to boost economic stability and promote growth through the execution of sustainable supply chain management (SSCM) practices and adoption of a friendly approach to glocalization. However, literature on Supply Chain Management has provided limited coverage on this phenomenon. This research investigates the potential of SEZs, energy projects, sustainable infrastructure as key drivers for building economic resilience. It also examines the mediating role of SSCM and glocalization. Data was gathered from participants who were knowledgeable about the economic landscape and engaged in activities related to SEZs, sustainable infrastructure, and energy projects through a questionnaire. The study employed structural equation modeling (SEM) technique to investigate the hypothesis and examine the mediating role. The study findings indicate that SEZ establishments foster economic resilience by attracting foreign investment, promoting industrial diversification, and facilitating technology transfer. Energy projects, including development of renewable energy sources and energy infrastructure, enhance energy security and mitigate potential risks associated with energy scarcity. Through effective supply chain management, responsible sourcing, green logistics, and waste reduction, economic resilience can be bolstered. Also, glocalization, which seeks to reconcile global and local viewpoints, plays a vital role in ensuring economic stability. The present research thus enhances academic comprehension of the intricate interactions between energy projects, sustainable infrastructure, sustainable supply chain management, and economic growth.
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Key words
Sustainable infrastructure,Sustainable supply chain management,Energy project,Economic stability,Glocalization
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