Article,
Green Logistics Practices and Business Performance of Shipping Companies in Rivers State
Central Asian Journal of Innovations on Tourism Management and Finance, 4 (1): 158-173 (January 2023)
Abstract
The aim of this research was to empirically investigate the relationship between green logistics practices and business performance of shipping companies in Rivers State. The study adopted cross-sectional survey as its research design; and a total of 72 staff of shipping companies were surveyed. More so, Spearman’s Rank Correlation Coefficient was used in testing the 5 proposed hypotheses and results indicated that there is a positive and significant relationship between green logistics practices and business performance. The research concluded that the effective use of biodegradable or eco-friendly materials in organizational operation has a huge impact on market expansion and profitability. The study therefore recommends that management of shipping companies who want to improve business performance are encouraged to key into green initiatives by using recyclable materials in their operations; as these practices would improve market expansion and profitability.
