Sustainable Supply Chain Finance and Supply Networks: The Role of Artificial Intelligence

Femi Olan*, Emmanuel Ogiemwonyi Arakpogun, Uchitha Jayawickrama, Jana Suklan, Shaofeng Liu

*Corresponding author for this work

    Research output: Contribution to journalArticlepeer-review

    73 Citations (Scopus)
    66 Downloads (Pure)

    Abstract

    Supply chain finance (SCF) is receiving increasing awareness in research as a result of uncertainties in the global financing for supply chain (SC). There are limited and fragmented studies in the implementations of financial services in SC management. This article builds on recovery from the financial crisis of 2008 and posts COVID-19 pandemic, where uncertainties crippled SCF providers and brokers services. At the same time, cutting-edge technological advancements such as Artificial Intelligence (AI) are revolutionizing the processes of business ecosystem in which SCF is entrenched. This article thus adopts a fuzzy set theoretical approach to unpack the entities relationship validity for sustainable SCF mate-framework, and the originality of AI concepts to sustainable SCF to identify the issues and inefficiencies. The results indicate that AI contributes significant economic opportunities and deliver the most effective utilization of the supply networks. In addition, the article provides a theoretical contribution to financing in SC and broadens the managerial implications in improving performance.

    Original languageEnglish
    Pages (from-to)13296-13311
    Number of pages16
    JournalIEEE Transactions on Engineering Management
    Volume71
    Early online date4 Jan 2022
    DOIs
    Publication statusPublished - 2024

    UN SDGs

    This output contributes to the following UN Sustainable Development Goals (SDGs)

    1. SDG 9 - Industry, Innovation, and Infrastructure
      SDG 9 Industry, Innovation, and Infrastructure
    2. SDG 10 - Reduced Inequalities
      SDG 10 Reduced Inequalities
    3. SDG 12 - Responsible Consumption and Production
      SDG 12 Responsible Consumption and Production

    Keywords

    • Artificial Intelligence (AI)
    • SC finance (SCF)
    • SC network
    • supply chain (SC)

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