Luxury is an important sector in terms of its high profit margins, large sales figures, and increasing population of consumers. In 2017, the overall luxury market was €1.2 trillion Euro in total globally and grew by about 4 percent in 2018. Luxury markets include nine segments, namely personal luxury goods (e.g. fashion), luxury cars, luxury hospitality, luxury cruises, designer furniture, fine food, fine wines and spirits, private jets and yachts, and fine art. There is no doubt that luxury markets are influential and relate to different industrial sectors.
Supply chain and logistics management is critically important for business success. This is particularly true in the luxury industry in which the costs of production, operations and logistics are critically high. Owing to the dynamics of luxury consumers and the external environment, market demand for luxury products is highly uncertain. Thus, it is extremely important to better match supply with demand in the luxury industry by using appropriate schemes or effective technologies such as social media data analytics. To do so, luxury companies have to focus on properly designing supply chain and logistics systems by adopting operations strategies and new technologies.
Consumer behaviors towards luxury products are very different from products of other industries. Luxury consumers who are conspicuous, have higher utilities when products are more likely to be out of stock. Thus, it is important for the luxury firms to consider consumer behaviors when making the optimal logistics decisions. Moreover, luxury industry is diversified. Selling personal luxury goods and luxury cars are relevant to product supply chains, but selling luxury hospitality and luxury cruises are related to service supply chains. To better manage the luxury supply chain, managers need to have a clear picture of the product nature and supply chain features with the considerations of consumer behaviors in respective luxury products or services.
The purpose of this special issue is to publish high-quality theoretical and empirical papers addressing emerging luxury supply chain and logistics management issues. We seek research works that employ analytical and quantitative empirical methods (e.g., optimization, game theoretical approach, big data analytics, simulation, surveys, event studies, and so on). Original, high quality research that is neither published nor currently under review by any other journal is welcome. Potential topics include, but are not limited to, the following:
Supply chain and logistics management in the luxury industry, including sourcing and distribution management
Big data applications for supply chain and logistics in the luxury industry
Blockchain technologies for supply chain management in the luxury industry
Production and operations management in the luxury industry, including product variety management and product customization
Sustainable supply chain and logistics management in the luxury industry
Marketing and supply chain interface in the luxury industry
Finance and supply chain interface in the luxury industry
Supply chain management in the luxury service industry
Quality management along the luxury goods supply chain
Innovation on luxury supply chain management
Risk analysis in luxury supply chains
Logistics and operations management associated to after sales services in the luxury industry
Values of social cooperative-based platforms (e.g. resource and activities aggregation) on sustainable development of luxury supply chains in developing countries
管理学
Transportation Research Part E: Logistics and Transportation Review
Call for paper on: Special Issue: Sustainable Logistics and Supply Chain Management in Emerging Markets
According to the World Bank, since 1970, the overwhelming trends of population growth, shorter product life cycle and the increased purchasing power of consumers have contributed to an increase of 138% in per capita consumption in developed markets as well as an increase of 231% in emerging markets (i.e., those developing countries that have some characteristics of a developed market, but are still developing, such as China and India) by 2013. The substantial global consumption growth leads to a massive demand on global resources (e.g., materials and energy) and induces plenty of pollutants. Given the finite nature of the global resources and the limited ability of the ecosystem to absorb pollutants, sustainability has currently endured as a topic of interest to a large variety of firms and countries. As a result, companies’ decisions on production, supply chain, logistics, product development, and distribution technologies that determine the efficiency of resources consumption and the types and intensity of pollutants induced to the ecosystem, play a crucial role in contributing solutions to the sustainability challenges.
Despite the importance of sustainability, there is a lack of thorough understanding on sustainable logistics and supply chain management in emerging markets that plays an important role in the world economy. Furthermore, for the emerging markets, the adoption of sustainable logistics and supply chains is also particularly important to ensure their active integration into the global economy, wherein sustainability is a crucial condition to access the resources and to attract customers (e.g., the EMD Report). For instance, a number of mainstream global investors (like the ‘ethically’ focused funds) are now using a hybrid model combining environmental, social and governance criteria when making their investment decisions. Consequently, adopting and promoting sustainable logistics and supply chains has become one of the inexorable choices that the global market presents to the firms and governments in emerging markets. For example, emerging markets should devote more efforts to reducing the environmental pollutions, e.g., by adopting green process innovation. Besides, given the limited economic conditions in the emerging markets, various challenges in adopting and promoting sustainable logistics and supply chain management in emerging markets should also be considered. These challenges can be the quite limited infrastructure investments in logistics, the high replenishment costs induced by poor road infrastructure and a lack of formal distribution channels, the unsafe working conditions, as well as insufficient relevant and timely information for making decisions.
Topics of interest in this special issue
This special issue aims at encouraging researchers to study sustainable logistics and supply chain management in the emerging market context from various perspectives. We accept a variety of methodologies, like the game theoretical approach, quantitative empirical analysis, mathematical modeling, big data analytics, as well as behavioral experiments. We welcome papers that address, but are not limited to, the following research topics about sustainable logistics and supply chain management in emerging markets.
Optimization models for sustainable logistics and supply chains in emerging markets
Coordination of sustainable supply chains in emerging markets
Responsible sourcing in emerging markets
Logistics and supply chain visibility and social responsibility in emerging markets
Secondhand markets in emerging markets
Supply chain waste management in emerging markets
Sustainable marketing-operations interface in emerging markets
Sustainable supply chain finance in emerging markets
Cleaner production in emerging markets
Closed-loop supply chain management in emerging markets
Government interventions and sustainability policies in emerging markets
Technological innovations for sustainable logistics and supply chains in emerging markets
Performance implications of adopting sustainable logistics and supply chains in emerging markets
Risk management of sustainable logistics and supply chains in emerging markets
Consumer welfare and ethical consumers in emerging markets
Industry challenges and opportunities in managing sustainable logistics and supply chains in emerging markets
Value of sharing economy and social cooperatives in sustainable logistics and supply chain management in emerging economies