In today’s business scenario, organizations are focusing on sustainable growth for performance measurement in supply chain. For this purpose, sustainable flexibility is an important issue to fulfill the environmental, economic and customer’s needs, which is helpful for sustainable growth for an industry. In this paper, different factors related to sustainable flexibility in supply chain management are identified through literature review and experts’ opinions in this domain. Further, an attempt has been made to develop the interactions among these factors using Total Interpretive Structural Modeling (T-ISM) technique. This paper also employs Cross Impact Matrix Multiplication Applied to Classifications (MICMAC) based analysis to create policy to implement for sustainable growth in industries. Findings of this research give valuable decision-making insight and implications about the relative importance and the interdependence of flexibility factors in sustainable supply chain management for academicians and practicing managers in sustainable growth of an industry.