Bibliometric Analysis of the Financial Supply Chain in the Palm Oil Industry
DOI:
https://doi.org/10.58812/wsis.v3i09.2261Keywords:
Palm Oil, Financial Supply Chain, Supply Chain Finance, Sustainable Development, Bibliometric AnalysisAbstract
The palm oil industry plays a vital role in global agribusiness, with its financial supply chain increasingly recognized as a critical determinant of operational efficiency, sustainability, and inclusivity. This study conducts a bibliometric analysis to systematically map the academic literature on financial mechanisms within the palm oil supply chain. Using data from the Scopus database and visualization tools such as VOSviewer, the research identifies key themes, influential authors, institutional collaborations, and country-level networks from 2000 to 2025. Findings reveal that central concepts like palm oil, sustainable development, and biomass dominate the discourse, while emerging topics such as smallholder financing, deforestation, and green investment reflect shifting priorities toward sustainability and inclusive finance. Malaysia and Indonesia lead in research output, with strong global collaborations involving institutions in the United Kingdom, the United States, and the Netherlands. This study contributes to the theoretical understanding of the financial supply chain as a multidimensional construct influenced by environmental, economic, and social factors. It also offers practical insights for policymakers, financial institutions, and industry stakeholders aiming to align financial innovation with sustainable palm oil development.
References
[1] E. Bronkhorst et al., Current practices and innovations in smallholder palm oil finance in Indonesia and Malaysia: Long-term financing solutions to promote sustainable supply chains, vol. 177. CIFOR, 2017.
[2] S. Imbiri, R. Rameezdeen, N. Chileshe, and L. Statsenko, “Stakeholder perspectives on supply chain risks: the case of Indonesian palm oil industry in West Papua,” Sustainability, vol. 15, no. 12, p. 9605, 2023.
[3] M. Munasinghe et al., “Value–Supply Chain Analysis (VSCA) of crude palm oil production in Brazil, focusing on economic, environmental and social sustainability,” Sustain. Prod. Consum., vol. 17, pp. 161–175, 2019.
[4] R. Kusumaningtyas and J. W. Van Gelder, Towards responsible and inclusive financing of the palm oil sector, vol. 175. CIFOR, 2017.
[5] M. I. Firdaus, “The Challenges in Upstream-Midstream Supply Chain of Palm Oil Industry: A Review of Literature in Indonesian Case,” Palm Oil Export Mark., pp. 32–41, 2025.
[6] H. Sarjono, K. Christofer, G. F. Nayoan, and M. D. Nugraha, “Performance Analysis in Palm Oil Industry Using Supply Chain Operations Reference (SCOR) Model,” Binus Bus. Rev., vol. 13, no. 2, pp. 213–222, 2022.
[7] B. A. M. Hafizuddin-Syah, S. Shahida, and S. H. Fuad, “Sustainability certifications and financial profitability: An analysis on palm oil companies in Malaysia,” J. Pengur., vol. 54, no. 2018, pp. 143–154, 2018.
[8] S. I. M. Amin, A. Abdul-Rahman, H. Janor, A. K. M. Asri, and D. Muchtar, “Financial development and performance of palm oil industry in Malaysia,” Econ. J. Emerg. Mark., pp. 135–151, 2019.
[9] F. Khair, D. I. Wijaya, H. D. Yulianto, and K. E. N. Soebandrija, “Designing the performance measurement for sustainable supply chain of the crude palm oil (CPO) companies using lean & green supply chain management (LGSCM) approach (Case Study: Indonesia’s palm oil company),” in IOP Conference Series: Earth and Environmental Science, IOP Publishing, 2020, p. 12116.
[10] M. Aria and C. Cuccurullo, “bibliometrix: An R-tool for comprehensive science mapping analysis,” J. Informetr., vol. 11, no. 4, pp. 959–975, 2017.
[11] A. Karmakar, S. Karmakar, and S. Mukherjee, “Properties of various plants and animals feedstocks for biodiesel production,” Bioresour. Technol., vol. 101, no. 19, pp. 7201–7210, 2010.
[12] J. Wolf, “The relationship between sustainable supply chain management, stakeholder pressure and corporate sustainability performance,” J. Bus. ethics, vol. 119, no. 3, pp. 317–328, 2014.
[13] T. A. Gardner et al., “Transparency and sustainability in global commodity supply chains,” World Dev., vol. 121, pp. 163–177, 2019.
[14] X.-P. Song et al., “Massive soybean expansion in South America since 2000 and implications for conservation,” Nat. Sustain., vol. 4, no. 9, pp. 784–792, 2021.
[15] S. Henders, U. M. Persson, and T. Kastner, “Trading forests: land-use change and carbon emissions embodied in production and exports of forest-risk commodities,” Environ. Res. Lett., vol. 10, no. 12, p. 125012, 2015.
[16] K. G. Austin, A. Mosnier, J. Pirker, I. McCallum, S. Fritz, and P. S. Kasibhatla, “Shifting patterns of oil palm driven deforestation in Indonesia and implications for zero-deforestation commitments,” Land use policy, vol. 69, pp. 41–48, 2017.
[17] A. Misra, N. Singhal, and L. Khurana, “Obesity, the metabolic syndrome, and type 2 diabetes in developing countries: role of dietary fats and oils,” J. Am. Coll. Nutr., vol. 29, no. sup3, pp. 289S-301S, 2010.
[18] D. J. Murphy, K. Goggin, and R. R. M. Paterson, “Oil palm in the 2020s and beyond: challenges and solutions,” CABI Agric. Biosci., vol. 2, no. 1, p. 39, 2021.
[19] J. Zentek, S. Buchheit-Renko, F. Ferrara, W. Vahjen, A. G. Van Kessel, and R. Pieper, “Nutritional and physiological role of medium-chain triglycerides and medium-chain fatty acids in piglets,” Anim. Heal. Res. Rev., vol. 12, no. 1, pp. 83–93, 2011.
[20] A. Kushairi et al., “Oil palm economic performance in Malaysia and R&D progress in 2017,” J. Oil Palm Res, vol. 30, no. 2, pp. 163–195, 2018.
Downloads
Published
Issue
Section
License
Copyright (c) 2025 Loso Judijanto
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
Facebook 
Instagram 
Twitter 
Youtube 
westscience.journals@gmail.com