SUPPLY CHAIN OPTIMIZATION AND PROFITABILITY OF LOGISTICS COMPANIES IN NIGERIA

Abstract

This study examined the relationship between Supply Chain Optimization and Profitability of Logistics companies in Nigeria. A random sample of 375 respondents were drawn from selected registered 20 Logistics Companies across Nigeria, and administered copies of questionnaire. Data were analysed using the PLS-SEM. The findings revealed that a strong and significant positive relationship exist between Supply Chain Optimization evidenced by Supply Chain Integration (SCI), Environmental Management Practices (EMP) and Sustainable Supply Chain Strategy (SSCS) and Profitability of Logistics companies in Nigeria. In conclusion, investing in Supply Chain Integration (SCI), Environmental Management Practices (EMP) and Sustainable Supply Chain Strategy (SSCS) returns overwhelming profits to the Nigerian logistics companies. Thus, recommended that logistics companies in Nigeria should invest in technology solutions that will make information sharing and communication among suppliers, partners, and customers seamless. Logistics companies in Nigeria should ensure that business objectives would love the environmental, social, and economic impacts. Finally, logistics companies in Nigeria should conduct a complete analysis of Environmental Management Practices (EMP) options, choose eco-friendly methods, and emphasize sustainability measures during marketing campaigns to lower operational costs and enhance profitability.