Evaluating the Role of Green Logistics Practices on Financial Sustainability in Fast-Moving Customer Goods Firm in Lagos State, Nigeria
Journal Title: International Journal of Multidisciplinary Research and Analysis - Year 2024, Vol 7, Issue 07
Abstract
Today's organisations value sustainability more. Thus, organisations, particularly those in the fast-moving consumer goods (FMCG) business, have aligned goals to focus on efficiency and environmental responsibility. FMCG firms suffer from non-sustainability because of mismanaged green logistics operations such as green production, procurement, transportation, packaging, and reverse logistics. Many current studies focus more on industrialised countries than developing nations and non-FMCG businesses. This research examined Lagos State, Nigeria FMCG businesses' financial sustainability and green logistical practices. The study was survey-based. The survey included 13,782 managerial staff from eight listed FMCG corporations in Lagos State, Nigeria. Taro Yamane formula was used to calculate 519 sample size. Simple random sampling was used. Structured and validated questionnaires data was collected. Cronbach's alpha reliability coefficient ranged from 0.78 to 0.94. The response rate was 96.7%. Descriptive and inferential statistics, including multiple and hierarchical regression, were employed. The results indicated that the implementation of green logistics methods did not have a statistically significant impact on the financial sustainability of the chosen FMCG companies in Lagos State, Nigeria. (Adj.R2 = 0.001, F(5, 496) = 1.11, p > 0.05). The study concluded that green logistics practices promote firm sustainability of selected FMCG firms in Lagos State, Nigeria. This study recommended that the management of FMCG firms in Lagos State, Nigeria should embrace a comprehensive strategy towards sustainability, integrating green logistics practices into their broader sustainability strategy to enhance their long-term sustainability.
Authors and Affiliations
Dr. Nwaulune, J. C.
Keywords
Related Articles
- EP ID EP740487
- DOI 10.47191/ijmra/v7-i07-31
- Views 20
- Downloads 0
An Ethnographic Approach on Betawi Culture: The Existence of Busker of Ondel-Ondel from Cultural Perspective
Ondel-ondel is one of the arts in the form of a tall and large giant doll from the Betawi Tribe. Its existence can still be seen in the community, especially in Pondok Aren Village, South Tangerang. In the history of Bet...
eachers’ Use 0f Higher-Order Cognitive Skills, Instructional Skills in Online Science Teaching and Students’ Achievement in Elementary Science
This descriptive-correlational study investigated the relationship between the teachers’ use of higher-order cognitive skills, instructional skills in online science teaching and academic achievement of students in eleme...
Elementary Piano Teaching Technologies in Music and Art Schools
This article discusses elementary piano teaching technologies in music and art schools. The main form of piano lessons is individual lessons. They have a number of advantages: they allow for close communication with stud...
Digital Transformation and Smes: A Systematic Literature Review Using Bibliometric Analysis
This article uses bibliometric analysis to integrate, synthesize, and expand the knowledge regarding digital transformation and small and medium enterprises. The author examined the Web of Science (WOS) core collection d...
Implementation of Mastery Learning Method in Teaching Islamic Religious Education: The Case of State Senior High School 2 Sigi Regency, Indonesia
The aim of this study is to examine the implementation of mastery learning method in teaching Islamic religious education at a state senior high school in Sigi regency in Indonesia. This study used a qualitative method i...