Circular economy practices and industry 4.0 technologies: A strategic move of automobile industry

Yu, Zhang; Khan, Syed Abdul Rehman; Umar, Muhammad

doi:10.1002/bse.2918

Cited by 149 publications

(81 citation statements)

References 103 publications

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“…It encompasses the ability of a firm to adopt industry 4.0 technologies such as blockchain and business analytics which help firms in making smart contracts, analyzing and enabling transparency, and creating integration among SC operations (Khan et al, 2021;Yu et al, 2021).…”

Section: Green Digitalization Capabilities (Gdc)mentioning

confidence: 99%

“…The researchers have also elaborated that firms are adopting GPP because it helped firms in enhancing the quality of their product, sales, and good reputation among the customers. Moreover,Yu et al (2021) are of the view that GPP have a key role in adoption of financial performance. They have also indicated that firms can mitigate their adverse effect, efficiently utilize their resources, and enhance competitiveness through incorporating GnP in their operations.Regarding the effect of GPP on SCOP, the current study has stated an insignificant impact of GPP on SCOP.…”

mentioning

confidence: 99%

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Green capabilities and green purchasing practices: A strategy striving towards sustainable operations

Khan

Umar

et al. 2022

Bus Strat Env

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Increasing businesses adverse operations and unsustainable practices are causing rise in environmental concerns. The adoption of green capabilities could be a promising step that can ease environmental problems and achieve green ideology in businesses. In the current study, green capabilities and green purchasing practices were critically theorized and a theoretical framework was developed to address the sustainability problems in supply chain. The data were collected from manufacturing firms located in emerging countries and covariance‐based structural equation modeling (CB‐SEM) was utilized for the testing of hypotheses. The findings indicate that green capabilities have a crucial role in adoption of green purchasing practices. Also, the results elucidate that green purchasing practices have a positive effect on economic and environmental performance while having insignificant effect on social performance. The current research work provides guidelines that help practitioners and academicians comprehend the structure and concept of green purchasing practices in industrialized manufacturing firms distinctly.

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Section: Green Digitalization Capabilities (Gdc)mentioning

confidence: 99%

mentioning

confidence: 99%

Green capabilities and green purchasing practices: A strategy striving towards sustainable operations

Khan

Umar

et al. 2022

Bus Strat Env

Self Cite

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“…To get a sense of how the IoT will affect the economy, it is helpful to go back and review the history of how ICT has influenced economic growth. During the last three decades of research, a period that has seen a revolution in information technology, Yu et al (2021) famously advocated this topic in the field of economics. There have been two main approaches taken by economists to the problem: micro and macro.…”

Section: Theoretical Framework and Hypothesismentioning

confidence: 99%

Modeling and Analyzing the Impact of the Internet of Things-Based Industry 4.0 on Circular Economy Practices for Sustainable Development: Evidence From the Food Processing Industry of China

Sun

Wang

2022

Front. Psychol.

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The Industry 4.0 concept proposes that new cutting-edge technologies, such as the Internet of Things (IoT), will grow. The acceptance of IoT in the circular economy (CE) is still in its infancy, despite its enormous potential. In the face of growing environmental affairs, IoT based Industry 4.0 technologies are altering CE practices and existing business models, according to the World Economic Forum. This research investigates the function of IoT-based Industry 4.0 in circular CE practices, as well as their impact on economic and environmental performance, which in turn influences overall organizational performance. China-based enterprises provide information for the study, which includes data from 300 companies. Utilizing a structural equation modeling framework known as partial least squares structural equation modeling (PLS-SEM). The major findings are presented in the study: (I) the IoT significantly improves the activities of the CE; (II) the IoT significantly improves the practices of the CE; and (III) the IoT meaningfully advances the practices of CE (green manufacturing, circular design, remanufacturing, and recycling). Moreover, the findings shows that environmentally friendly business practices help enhance environmental performance of firm, while also stimulating their economic performance; and improved environmental performance has a significant positive influence on firm performance. This research lays the groundwork for contributing nations/companies to attain economic and long-term sustainability goals at the same time by incorporating IoT-based Industry 4.0 technology into CE practices.

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“…Summarising, the local main paths show that most articles focus on conceptualising the CE and identifying its drivers and barriers, while few articles concentrate on the contribution of Industry 4.0 technologies to the acceleration of CE transition [ 9 , 11 , 34 , 92 , 118 , 131 , 162 , 180 ]. Therefore, future studies should assess how Industry 4.0 technologies effectively unlock the CE implementation, support the development of circular business models, and monitor product lifecycle [ 118 , 140 , 173 ].…”

Section: Findings Of Mpamentioning

confidence: 99%

Examining Knowledge Diffusion in the Circular Economy Domain: a Main Path Analysis

Rejeb

Zailani

et al. 2022

Circ.Econ.Sust.

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The circular economy (CE) field has recently attracted significant interest from academics and practitioners. CE represents a departure from the linear economy, which is characterised by unsustainable resource production and consumption. The growing number of publications necessitates a comprehensive analysis of this field. This is the first systematic examination of the knowledge base and knowledge diffusion pathways in the CE domain. We analyse a Web of Science dataset containing 5431 articles published between 1970 and 2020. To create a comprehensive review of the CE domain, we conducted a keyword co-occurrence network analysis. We examined four distinct types of main paths using the main path analysis (MPA) technique: forward, backward, global, and key-route. According to the analyses, CE research focuses on six primary research themes: CE and sustainability, bioeconomy, CE practices, lifecycle assessment and industrial symbiosis, construction activities, and waste management. In addition, the MPA demonstrates that the CE literature has recently focused on Industry 4.0 technologies and their contribution to CE. This is the first attempt to depict the genealogy of CE research so that scholars can comprehend the domain’s evolutionary structure, identify hot topics, and capture the history, development status, and potential future directions of CE research.

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Circular economy practices and industry 4.0 technologies: A strategic move of automobile industry

Cited by 149 publications

References 103 publications

Green capabilities and green purchasing practices: A strategy striving towards sustainable operations

Green capabilities and green purchasing practices: A strategy striving towards sustainable operations

Modeling and Analyzing the Impact of the Internet of Things-Based Industry 4.0 on Circular Economy Practices for Sustainable Development: Evidence From the Food Processing Industry of China

Examining Knowledge Diffusion in the Circular Economy Domain: a Main Path Analysis

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