TY - JOUR
T1 - Building blockchain-driven dynamic capabilities for developing circular supply chain
T2 - Rethinking the role of sensing, seizing, and reconfiguring
AU - Quayson, Matthew
AU - Bai, Chunguang
AU - Sun, Lihua
AU - Sarkis, Joseph
N1 - Funding Information:
The authors are grateful to the respondents who helped to answer the questionnaires. We also thank the National Natural Science Foundation of China, the Fundamental Research Funds for the Central Universities, and the Sichuan Science and Technology Plan.
Publisher Copyright:
© 2023 ERP Environment and John Wiley & Sons Ltd.
PY - 2023/2/28
Y1 - 2023/2/28
N2 - Globally, firms face increasing pressure to efficiently utilize resources and minimize costs and may do so through sustainable supply chains and circular economy practices. Emerging technologies, such as blockchain, to enable a circular economy have become a new industrial paradigm. However, firms require building dynamic capabilities through blockchain, which can be key to realizing circular economy model. This study introduces a framework for building blockchain-driven dynamic capabilities for a circular supply chain. We further use the Decision Making Trial and Evaluation Laboratory (DEMATEL) method to evaluate three major dynamic capabilities and 18 sub-dynamic capabilities and their interrelationships. The mining industry in Ghana sets the stage for this analysis. The study results show that although blockchain-driven sensing dynamic capability, seizing dynamic capability, and reconfiguring dynamic capability are crucial for developing a circular supply chain, they do not strictly follow a sequence and overlap. We highlight various cause–effect relationships, providing insights into the role of sensing, seizing, and reconfiguring dynamic capabilities. That information is important to firms, stakeholders, and partners to draft an appropriate strategy to build blockchain-driven dynamic capabilities for developing a circular supply chain.
AB - Globally, firms face increasing pressure to efficiently utilize resources and minimize costs and may do so through sustainable supply chains and circular economy practices. Emerging technologies, such as blockchain, to enable a circular economy have become a new industrial paradigm. However, firms require building dynamic capabilities through blockchain, which can be key to realizing circular economy model. This study introduces a framework for building blockchain-driven dynamic capabilities for a circular supply chain. We further use the Decision Making Trial and Evaluation Laboratory (DEMATEL) method to evaluate three major dynamic capabilities and 18 sub-dynamic capabilities and their interrelationships. The mining industry in Ghana sets the stage for this analysis. The study results show that although blockchain-driven sensing dynamic capability, seizing dynamic capability, and reconfiguring dynamic capability are crucial for developing a circular supply chain, they do not strictly follow a sequence and overlap. We highlight various cause–effect relationships, providing insights into the role of sensing, seizing, and reconfiguring dynamic capabilities. That information is important to firms, stakeholders, and partners to draft an appropriate strategy to build blockchain-driven dynamic capabilities for developing a circular supply chain.
KW - 512 Business and Management
KW - blockchain
KW - circular economy
KW - DEMATEL
KW - dynamic capabilities
KW - emerging economies
KW - mining industry
UR - http://www.scopus.com/inward/record.url?scp=85149342760&partnerID=8YFLogxK
U2 - 10.1002/bse.3395
DO - 10.1002/bse.3395
M3 - Article
AN - SCOPUS:85149342760
SN - 0964-4733
VL - 32
SP - 4821
EP - 4840
JO - Business Strategy and the Environment
JF - Business Strategy and the Environment
IS - 7
ER -
