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.
|Peer-reviewed scientific journal||Industrial Management and Data Systems|
|Number of pages||31|
|Publication status||Published - 22.12.2020|
|MoE publication type||A1 Journal article - refereed|
- 512 Business and Management
- Circular economy
- Resource-based view
- Supply chain
Areas of Strength and Areas of High Potential (AoS and AoHP)
- AoHP: Humanitarian and societal logistics