Do blockchain and circular economy practices improve post COVID-19 supply chains? A resource-based and resource dependence perspective
Industrial Management & Data Systems
ISSN: 0263-5577
Article publication date: 22 December 2020
Issue publication date: 2 February 2021
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.
Keywords
Acknowledgements
This research did not receive any specific grant from funding agencies in the public, commercial, or not-for-profit sectors.
Citation
Nandi, S., Sarkis, J., Hervani, A. and Helms, M. (2021), "Do blockchain and circular economy practices improve post COVID-19 supply chains? A resource-based and resource dependence perspective", Industrial Management & Data Systems, Vol. 121 No. 2, pp. 333-363. https://doi.org/10.1108/IMDS-09-2020-0560
Publisher
:Emerald Publishing Limited
Copyright © 2020, Emerald Publishing Limited