Do blockchain and circular economy practices improve post COVID-19 supply chains? A resource-based and resource dependence perspective

Santosh Nandi*, Joseph Sarkis, Aref Hervani, Marilyn Helms

*Corresponding author for this work

Research output: Contribution to journalArticleScientificpeer-review

14 Citations (Scopus)

Abstract

Purpose: Using the resource-based and the resource dependence theoretical approaches of the firm, the paper explores firm responses to supply chain disruptions during COVID-19. The paper explores how firms develop localization, agility and digitization (L-A-D) capabilities by applying (or not applying) their critical circular economy (CE) and blockchain technology (BCT)-related resources and capabilities that they either already possess or acquire from external agents.
Design/methodology/approach: An abductive approach, applying exploratory qualitative research was conducted over a sample of 24 firms. The sample represented different industries to study their critical BCT and CE resources and capabilities and the L-A-D capabilities. Firm resources and capabilities were classified using the technology, organization and environment (TOE) framework. Findings: Findings show significant patterns on adoption levels of the blockchain-enabled circular economy system (BCES) and L-A-D capability development. The greater the BCES adoption capabilities, the greater the L-A-D capabilities. Organizational size and industry both influence the relationship between BCES and L-A-D. Accordingly, research propositions and a research framework are proposed.
Research limitations/implications: Given the limited sample size, the generalizability of the findings is limited. Our findings extend supply chain resiliency research. A series of propositions provide opportunities for future research. The resource-based view and resource-dependency theories are useful frameworks to better understanding the relationship between firm resources and supply chain resilience.
Practical implications: The results and discussion of this study serve as useful guidance for practitioners to create CE and BCT resources and capabilities for improving supply chain resiliency.
Social implications: The study shows the socio-economic and socio-environmental importance of BCES in the COVID-19 or similar crises. Originality/value: The study is one of the initial attempts that highlights the possibilities of BCES across multiple industries and their value during pandemics and disruptions.

Original languageEnglish
Peer-reviewed scientific journalIndustrial Management and Data Systems
Volume121
Issue number2
Pages (from-to)333-363
Number of pages31
ISSN0263-5577
DOIs
Publication statusPublished - 22.12.2020
MoE publication typeA1 Journal article - refereed

Keywords

  • 512 Business and Management
  • Blockchain
  • Circular economy
  • COVID-19
  • Resilience
  • Resource-based view
  • Supply chain

Areas of Strength and Areas of High Potential (AoS and AoHP)

  • AoHP: Humanitarian and societal logistics

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