Supply chain firm performance in circular economy and digital era to achieve sustainable development goals

Abstract

Digitalization of the supply chain (SC) has received plenty of attention from practitioners and researchers in recent years to address the challenges of the business environment and assist firms in achieving a circular SC. Implementing circularity in business operations is a practice of achieving sustainability which is of utmost significance for achieving sustainable development goals established by the United Nations. This study empirically examines the relation among flexibility, AI-IoT adoption, and SC firm performance under the circular economy (CE) environment based on resource orchestration theory (ROT), an integrated version of the extendedresource-based view, and dynamic capability theory (DCT). Data were collected from Indian manufacturing firms through a questionnaire-based survey and examined using "structural equation modeling (SEM)." The study results show that information flexibility and organizational flexibility have the highest impact on AI-IoT adoption.Organizational flexibility shows full mediation with AI-IoT, which would influence the SC firm performance directly. The analysis also indicates that CE will affect the relation between organizational flexibility and AI-IoT adoption. These findings pave the way for cross-country analysis, formation of practical strategies, and policies related to AI-IoT and CE implementations.

Towards the Smart Circular Economy Paradigm: A Definition, Conceptualization, and Research Agenda

“…Future research should, thus, focus on models and frameworks that support prescriptive decision-making activities, relying on a variety of research objectives and methods. See, for instance, the work of Di Maria et al [28], who investigated the mediating role of supply chain integration at the nexus of industry 4.0 and the circular economy using a quantitative regression model, or the work of Nayal et al [73], who investigated the relationships between digital technology adoption, the circular economy, and firm performance by using structural equation modelling.…”

Digital transformation, smart technologies, and eco-innovation are paving the way toward sustainable supply chain performance

“…SSCP can be quantified and measured using the indicator for both sustainability and supply chain performance. 30,31 The proposed hypotheses are as follows.…”

The Influence of Product Innovation, Environmental Strategy and Circular Economy On Sustainable Development in Organizations in Northeastern Brazil

“…In this scenario, the Model that had the greatest influence on Sustainable development (SD) was Model 3 (Figure 2), with a moderate intensity of influence (46.20%), that is, the EC with the SD, as organizations can contribute to sustainable development, through the practice of EC (Zaccone, Santià & Bosone, 2022), since implementing EC in business operations is a technique to achieve sustainability that is extremely important to achieve sustainable goals development established by the United Nations (Nayal et al, 2022). The survey results highlight important relationships between PI, ES, CE, and the SD, because of the analysis of 557 companies in Northeast Brazil.…”

“…For Zaccone, Santià, and Bosone (2022), organizations contribute to sustainable development thanks to their motivation to protect and care for the natural environment and human beings, as well as promote sustainability by educating and disseminating knowledge, through a model conceptual framework that shows how companies adopt circular economy models that contribute to sustainable development. In this scenario, implementing the circular economy in business operations is a practice to achieve sustainability that is extremely important to achieve the sustainable development goals established by the United Nations (Nayal et al, 2022).…”