Building blockchain-driven dynamic capabilities for developing circular supply chain: Rethinking the role of sensing, seizing, and reconfiguring

Matthew Quayson, Chunguang Bai*, Lihua Sun, Joseph Sarkis

*Corresponding author for this work

Research output: Contribution to journalArticleScientificpeer-review

15 Citations (Scopus)

Abstract

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.

Original languageEnglish
Peer-reviewed scientific journalBusiness Strategy and the Environment
Volume32
Issue number7
Pages (from-to)4821-4840
Number of pages20
ISSN0964-4733
DOIs
Publication statusPublished - 28.02.2023
MoE publication typeA1 Journal article - refereed

Keywords

  • 512 Business and Management
  • blockchain
  • circular economy
  • DEMATEL
  • dynamic capabilities
  • emerging economies
  • mining industry

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