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Flexibility vs Harmonization: Analysing the Environmental Regulations and Global Supply Chains

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  • Chandra, Simran

Abstract

The regulatory standards of the environment define how to overcome the physical and organizational links in the complex global supply chain. These restraints on environmental quality, which is the primary concern of the responsible nations, differ widely among them. This mismatch needs a delicate balance between two opposing ideologies: homogeneity and conformity. Harmonization provides a base of unified rules for all the countries, and flexibility becomes an option with the possibility to modify the rules according to governments’ demands. This project explores the real-world practical complexities and promising prospects associated with regulations harmonization and elasticity; moreover, it presents their massive role in the foreign supply chain. We will pursue a deliberate analysis of how they would constitute impediments to operational efficiency and competent business activities. Furthermore, we shall find out if cooperating internationally regarding unifying environmental standards is worth it and if it brings any related benefits. Moreover, the study will investigate the role played by private government measures in dealing with tricky environmental regulation challenges. Such programs often function as channels that ease regulatory cross-fertilization, which is a basis for uniform business compliance and sustainability across other markets worldwide—this article endeavors to bring novel insight into the intricate interconnections between natural law and world trade. Looking at complications and solutions, we would love to suggest measures for implementing an inclusive approach, both of which are saving the environment and preserving the vibrancy of the global supply chain.

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Handle: RePEc:osf:lawarc:58e4b
DOI: 10.31219/osf.io/58e4b
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