The Indian sugar industry’s sustainability requires improved resource utilization, cost management, supply chain coordination, and transparent information flow.
Authors
Sandeep Singh, Jindal Global Business School, O.P. Jindal Global University, Haryana, Sonipat, India
Samir K. Srivastava, Operations Management Group, Indian Institute of Management, Uttar Pradesh, Lucknow, India
Srinivas Jangirala, Jindal Global Business School, O. P. Jindal Global University, Haryana, Sonipat, India
Summary
Presently, there is high turbulence in the Indian sugar industry. The misalignment of the incentives of major stakeholders is leading the industry to a vicious downslide. Hence, it becomes important to study the current situation, its dynamics and future trends under different circumstances. In this paper, we have established the relationship between different variables and parameters using the systems dynamic approach to model the dynamics of sustainability of the sugar industry in Uttar Pradesh (UP), India.
Our study revealed that to achieve sustainable development, the sugar industry must improve on resource utilization, operating cost, better supply chain coordination and transparent information flow. Based on our analysis, operational and policy level recommendations have been suggested to help the industry achieve sustainable development and improve performance.
Published in: Global Business Review
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