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 language | English |
|---|---|
| Peer-reviewed scientific journal | Sustainable Production and Consumption |
| Volume | 27 |
| Pages (from-to) | 10-22 |
| Number of pages | 13 |
| ISSN | 2352-5509 |
| DOIs |
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| Publication status | Published - 07.2021 |
| MoE publication type | B1 Journal article |
Keywords
- 512 Business and Management
- COVID-19
- localization
- digitization
- agility
- blockchain technology
- circular economy
- supply chain sustainability
