Redesigning Supply Chains using Blockchain-Enabled Circular Economy and COVID-19 Experiences

Santosh Nandi*, Joseph Sarkis, Aref Aghaei Hervani, Marilyn M. Helms

*Corresponding author for this work

Research output: Contribution to journalComment/debateScientific

37 Citations (Scopus)

Abstract

The COVID-19 pandemic has exposed businesses and societies to the shortfalls of normal patterns of production, consumption, and their long-lasting impact on supply chains. In this opinion paper, we provide insights from the COVID-19 pandemic for making supply chains more resilient, transparent, and sustainable. These insights include supply chains needing to develop localization, agility, and digitization (LAD) characteristics. We link LAD to a potential solution using blockchain technology and circular economy principle capabilities. Use cases are used to show how blockchain-enabled circular economy practices can support supply chain LAD efforts. Supply chain tracking, tracing, and responsiveness can be supported through blockchain-enabled circular economy practices. One result of identifying these relationships include solutions and insights at multiple levels and stakeholders – individual, organizational, supply chain, governmental, and community. These crisis-related observations and findings set a future research foundation for sustainable production and consumption.

Original languageEnglish
Peer-reviewed scientific journalSustainable Production and Consumption
Volume27
Pages (from-to)10-22
Number of pages13
ISSN2352-5509
DOIs
Publication statusPublished - 07.2021
MoE publication typeB1 Journal article

Keywords

  • 512 Business and Management
  • Agility
  • Blockchain technology
  • Circular economy
  • COVID-19
  • Digitization
  • Localization
  • Supply chain sustainability

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

  • AoHP: Humanitarian and societal logistics

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