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In order to achieve sustainable development, businesses created a model of environmentally friendly economic growth by enacting green innovation strategies and creating a circular supply chain, which is anticipated to reduce resource consumption and save the environment through resource recycling. The Circular Economy (CE) and China's Green Industries Zones (CGIZ) are similar but different. This research aims to elucidate the connections between these two ideas. It lists the applications of mutual theory that are used to research CE and GSCM. The input–output indicators for Green Logistics Efficiency (GLE) have been created developed based on the five concepts of high-quality economic development: "innovation, coordination, green, openness, and sharing.Supply chain traceability's moderating effect on the relationships is also evaluated in this study. We used the PLS-SEM approach to evaluate the hypotheses using real-world information from 211 Chinese manufacturing SMEs.We employ resource dependence theory and a natural resource-based view as our theoretical pillars to analyse both the direct and indirect impacts of green logistics administration on corporate sustainability performance through circular economy practices.Lastly, the relationship between SMEs' performance in environmental sustainability and green logistics management is mediated by circular economy practices. To confirm the mediation, we also ran the the Sobel method test.
Fan et al. (Thu,) studied this question.