Critical Success Factors for Supply Chain Sustainability in the Wood Industry: An Integrated PCA-ISM Model

Sumit Paul, Syed Mithun Ali, Mohd Asif Hasan, Sanjoy Kumar Paul and Golam Kabir
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Sumit Paul: Department of Industrial and Production Engineering, Bangladesh University of Engineering and Technology, Dhaka 1000, Bangladesh
Syed Mithun Ali: Department of Industrial and Production Engineering, Bangladesh University of Engineering and Technology, Dhaka 1000, Bangladesh
Mohd Asif Hasan: Mechanical Engineering Section, University Polytechnic, Faculty of Engineering and Technology, Aligarh Muslim University, Aligarh 202001, India
Sanjoy Kumar Paul: UTS Business School, University of Technology Sydney, Ultimo, NSW 2007, Australia
Golam Kabir: Industrial Systems Engineering, Faculty of Engineering and Applied Science, University of Regina, Regina, SK S4S 0A2, Canada

Sustainability, 2022, vol. 14, issue 3, 1-18

Abstract: Due to the increasing popularity of cost-based outsourcing and growing stakeholder concern about environmental, social, and technological issues, supply chain sustainability is vital in both developed and emerging economies. Bangladesh is an emerging economy and wood industry of Bangladesh is suffering from severe sustainability issues besides its growth. Hence, this article aims to examine the critical success factors (CSFs) for sustainability in the Bangladeshi wood industry, which is crucial to help supply chain managers engage in achieving sustainable development goals. This research investigated the CSFs and uncovered their interdependencies through the development of a methodology integrating a literature review, principal component analysis (PCA), interpretive structural modelling (ISM), and Matriced Impacts Croises Multiplication Appliquee aunClassement (MICMAC) techniques. PCA ( n = 150) was used to identify and rank the CSFs for sustainability in the Bangladeshi wood industry while ISM ( n = 9) and MICMAC were used to determine the driving and dependence power of the CSFs. The findings reveal that research and development, supplier relations, and using eco-friendly technology are the most significant CSFs of the Bangladeshi wood industry. Indispensable links revealing the driving and dependence power among the CSFs were also reported. To the best of our knowledge, this study is the first of its kind that examined the CSFs for supply chain sustainability in the Bangladeshi wood industry. The proposed methodology and findings will help managers in the Bangladeshi wood industry as well as other similar industries to understand the CSFs and reduce the complexity of decision-making in managing business process towards sustainability journey.

Keywords: sustainability; wood industry; principal component analysis; interpretive structural modelling (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

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