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Identification of Challenges in Adopting Circular Supply Chain (CSC) In Heavy Industry Taxila
Nasruminullah, Muhammad Waqas, Muhammad Sajid, Jawad Karamat
Abstract:
In this paper, the researchers explore obstacles to implementing the Circular Supply Chain Management (CSCM) in heavy industries in Taxila, Pakistan through Interpretive Structural Modeling (ISM) and MICMAC analysis. The results indicate a pyramid-like arrangement of barriers, with initial high implementation costs being the most basic one. The second is the lack of the supportive regulatory frameworks and the lack of awareness and technological constraints are the challenges of the intermediate level. Supplies and complexity of change have been identified to be relatively less a challenge. The study highlights that the challenges of adopting CSCM are structural and requires a combination of measures to address the problem, which includes monetary incentives, policy changes, technology development, and education initiatives. Through the implementation of ISM-MICMAC in the setting of heavy industries within a developing nation, the research study will be relevant within the academic community and will provide practical data to policymakers, industry managers, and stakeholders to promote sustainability. Nevertheless, the research study is limited in generalizability because it is based on a small sample of experts and only one region was studied. Future studies need to be more geographically broad, involve longitudinal designs, and determine the extent to which emerging technologies can be used to overcome CSCM barriers.
Keywords:
Circular Economy: Circular Supply Chain; Challenges; Heavy Industries; Pakistan; ISM-MICMAC
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