Integrating Artificial Intelligence and Predictive Analytics in Supply Chain Management to Minimize Carbon Footprint and Enhance Business Growth in the USA

The research investigates the role of artificial intelligence and predictive analytics in integrating the practices of supply chain management for the growth of a business in a sustainable manner. A predictive model on the emission factors was then developed using a Random Forest algorithm from machine learning techniques against the historical data from the US Environmental Protection Agency on "Supply Chain Greenhouse Gas Emission Factors for USUS Industries and Commodities." It yielded an average Mean Squared Error of 0.00141 with an R-squared value of 0.9858, explaining almost 99% of the variance in actual emission factors across various industries. The research results show the potential of AI-driven insights in spotting high-emission areas, facilitating targeted interventions, and thus supporting data-driven decision-making in SCM. Case studies drawn from industries such as electronic manufacturing and food processing show the practical application of this model by showing how businesses can reduce their carbon footprints while enhancing operational efficiency and market competitiveness. The study also addresses the pitfalls that may characterize model implementation, such as poor data quality, complex models, and continuous updating. It makes business recommendations to adopt similar strategies, emphasizing cross-functional expertise, stakeholder buy-in, and ethical considerations. It deepens a growing literature on sustainable supply chain management and establishes a framework through which firms can harness AI and predictive analytics to pursue environmental and economic objectives.

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Publication Details

Journal
Journal of Business and Management Studies
Published
2024-08-15
DOI
https://doi.org/10.32996/jbms.2024.6.4.17
Citations
29
Primary Topic
Big Data and Business Intelligence
Type
article
Field-Weighted Citation Impact
15.33
Controls
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article

Integrating Artificial Intelligence and Predictive Analytics in Supply Chain Management to Minimize Carbon Footprint and Enhance Business Growth in the USA

Md Zahidul Islam, Laxmi Prasad Pant, MD Rokibul Hasan, Md Osiujjaman et al.
29 citations
Journal of Business and Management Studies
Big Data and Business Intelligence
15.33
article

Integrating Artificial Intelligence and Predictive Analytics in Supply Chain Management to Minimize Carbon Footprint and Enhance Business Growth in the USA

Md Zahidul Islam, Laxmi Prasad Pant, MD Rokibul Hasan, Md Osiujjaman, Pravakar Debnath, Md Fakhrul Islam Sumon
article en
29 citations

Abstract

The research investigates the role of artificial intelligence and predictive analytics in integrating the practices of supply chain management for the growth of a business in a sustainable manner. A predictive model on the emission factors was then developed using a Random Forest algorithm from machine learning techniques against the historical data from the US Environmental Protection Agency on "Supply Chain Greenhouse Gas Emission Factors for USUS Industries and Commodities." It yielded an average Mean Squared Error of 0.00141 with an R-squared value of 0.9858, explaining almost 99% of the variance in actual emission factors across various industries. The research results show the potential of AI-driven insights in spotting high-emission areas, facilitating targeted interventions, and thus supporting data-driven decision-making in SCM. Case studies drawn from industries such as electronic manufacturing and food processing show the practical application of this model by showing how businesses can reduce their carbon footprints while enhancing operational efficiency and market competitiveness. The study also addresses the pitfalls that may characterize model implementation, such as poor data quality, complex models, and continuous updating. It makes business recommendations to adopt similar strategies, emphasizing cross-functional expertise, stakeholder buy-in, and ethical considerations. It deepens a growing literature on sustainable supply chain management and establishes a framework through which firms can harness AI and predictive analytics to pursue environmental and economic objectives.

Journal of Business and Management StudiesVol. 6(4)
American University (US), Chang'an University (CN), Gannon University (US)
Responsible consumption and production
Openalex Percentile: Top 1%
Big Data and Business Intelligence
15.33
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