Ecological Economics Framework for Sustainable Supply Chain Management in Southeast Asian Manufacturing
Mariyum Khanam
*
China West Normal University, China.
Mehedi Hasan
China West Normal University, China.
*Author to whom correspondence should be addressed.
Abstract
This paper explores the application of ecological economics to sustainable supply chain management (SSCM) in Southeast Asian manufacturing, focusing on Vietnam (electronics), Thailand (textiles), and Malaysia (automotive). Ecological economics, which prioritizes ecological limits and natural capital valuation, offers a robust framework to enhance SSCM by quantifying environmental costs and benefits. Using a mixed-methods approach, including case studies and cost-benefit analysis, the study examines how integrating ecological economics principles—such as ecosystem service valuation and full-cost accounting—can address barriers like high costs and regulatory fragmentation while leveraging opportunities like regional collaboration and digital technologies. Findings aim to provide actionable insights for firms to optimize SSCM practices and for policymakers to align regional policies with the United Nations’ Sustainable Development Goals (SDGs 8, 12, and 13). This research contributes to the ecological economics literature by applying its principles to ASEAN’s manufacturing sector, offering a pathway for sustainable industrial growth in emerging economies.
Keywords: Ecological economics, sustainable supply chain management, Southeast Asia, manufacturing, natural capital, SDGs