5. CONCLUSION
With the transition of linear economy to circular economy, companies need to consider sustainability and closed-loop cycle. Circular economy emphasizes minimal resource consumption and environmental protection; thus, companies consider implementing green supply chain.
Holt and Ghobadian (2009), Malviya and Kant (2015), Dubey et al. (2017), Shafique et al. (2017), and Fang and Zhang (2018) highlighted the critical lack of holistic view for GSCM performance assessment. The objective of the study is to propose a holistic and integrated framework based on systems theory. The GSCM framework includes three-dimensional hierarchy which includes the main criteria, sub-criteria, and the measures, respectively. The framework integrates 6 criteria, namely, environmental, economic, logistics, operational, organizational, and marketing performance. The 6 criteria have respective 21 sub-criteria, and 189 measures.
The theoretical contribution of this study is to reveal the different indicators of GSCM such as environmental, economic/financial, operational, logistics, organizational, and marketing performances. Therefore, this study supports the understanding of the systematic and holistic assessment of GSCM performance in the context of circular economy.