Blockchain technology and circular economy in the environment of total productive maintenance: a natural resource-based view perspective

Samadhiya, Ashutosh; Agrawal, Rajat; Garza‐Reyes, Jose Arturo

doi:10.1108/jmtm-08-2022-0299

Cited by 25 publications

(11 citation statements)

References 80 publications

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“…There is even a talk of becoming leading companies in “green operation” (Ferdowsian, 2016). Also, from the environmental point of view, the natural resource-based view (NRBV) theory studies the three critical strategic capabilities that support OE (Samadhiya et al ., 2023). These three strategic capabilities of the NRBV are pollution prevention, product stewardship and sustainable development (Hart and Dowell, 2011).…”

Section: Literature Reviewmentioning

confidence: 99%

Key factors in operational excellence for Industry 4.0: an empirical study and maturity model in emerging countries

Henriquez

Muñoz-Villamizar

Santos

2023

JMTM

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PurposeThis paper proposes a maturity model to indicate the operational excellence (OE) implementation status of businesses in emerging countries, considering its importance in Industry 4.0.Design/methodology/approachThe study involves four steps. First, undertake a study of the literature to identify the variables to consider in the maturity model; second, identify how to organize the variables found in the first step; third, structure a questionnaire to define the maturity model; and lastly, validate the variables found in the literature and the maturity levels.FindingsA total of 23 variables were validated through interviews with general managers, operation managers and experts within organizations. Interviews were carried out in 49 companies from different sectors. Five maturity levels were defined in this study: basic level, beginner level, training level, innovative level and champion level.Originality/valueMany businesses are implementing OE as a practice to remain competitive in their industries, targeting economic, environmental and social sustainability. However, OE implementation in companies from developing or emerging countries is far below the average level of that in developed companies due to cultural, political or economic constraints. To the best of the authors’ knowledge, there is no model that indicates the status of OE implementation in companies from emerging countries or the different levels to implement OE. This study fills the mentioned gap.

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Section: Literature Reviewmentioning

confidence: 99%

Key factors in operational excellence for Industry 4.0: an empirical study and maturity model in emerging countries

Henriquez

Muñoz-Villamizar

Santos

2023

JMTM

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“…NRBV is one of the popular and well-known theories among the academic community (Samadhiya et al ., 2023; Abu-Salih et al ., 2022). This theory is used to understand how to solve different problems from a sustainable perspective to address any potential environmental concerns.…”

Section: Literature Review and Hypotheses Formulationmentioning

confidence: 99%

“…The CE concept has gained unprecedented popularity in research and academic circles over the past years (Samadhiya et al ., 2023). This concept has become one of the most widely used concepts in environmental and sustainable management.…”

Section: Literature Review and Hypotheses Formulationmentioning

confidence: 99%

“…According to the Natural Resource-Based View (NRBV), firms are not isolated from their environmental surroundings (Hart, 1995). Consequently, firms' capability to exploit their organizational resources to enhance their environmental orientation and behavior will lead to providing new competitive advantages that did not exist previously (Samadhiya et al ., 2023).…”

Section: Introductionmentioning

confidence: 99%

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Enabling the circular economy in the digital transformation era: evidence from an emerging country

Al-Khatib

2023

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PurposeRecently, the concept of the circular economy (CE) has witnessed significant momentum in academic and professional circles. However, there is a dearth of research that studies the enabling factors of the CE in the era of digital transformation. The existing research aimed to identify the impact of Industry 4.0 readiness on the CE in manufacturing firms operating in Jordan, as well as to identify the mediating role of the industrial Internet of things and big data analytics.Design/methodology/approachFor this work objectives, 380 questionnaires were analyzed. Convergent validity and discriminant validity tests were performed through partial least squares-structural equation modelling (PLS-SEM) in the Smart-PLS programme. Data reliability was confirmed. A bootstrapping technique was used to analyze the data and then hypothesis testing was performed.FindingsThe results indicate that Industry 4.0 readiness, industrial Internet of things (IIoT) and big data analytics positively enable CE, also the IIoT and big data analytics positively mediate the nexus between Industry 4.0 readiness and CE.Practical implicationsThis study promotes the idea of focusing on Industry 4.0 readiness to enhance CE in the Jordanian manufacturing sector and knowing the effect of IIoT and big data analytics in this relationship.Originality/valueThis research developed a theoretical model to understand how Industry 4.0 readiness might enhance the CE in manufacturing firms by invoking the IIoT and big data analytics as mediating constructs in the relationship between Industry 4.0 readiness and CE. This paper offers new theoretical and practical contributions that add value to industry 4.0 and CE literature by testing these constructs' mediation models in the manufacturing sector.

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“…underscore that blockchain technology has demonstrated its efficacy in providing traceability solutions, promising enhanced security for consumers. According toKouhizadeh et al (2020), as corroborated bySamadhiya et al (2023), blockchain technology enhances security and transparency throughout the process of data generation, storage, and management. With blockchain technology, there is a tangible increase in data security, trust management, and data integrity(Kottmeyer, 2021), as it offers a secure and transparent data and materials flow in future interactions Centobelli et al (2022).…”

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confidence: 99%

Blockchain and the transition to the circular economy: A literature review

Schmidt,

Sehnem,

Spuldaro

2023

Corp Soc Responsibility Env

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Companies and industries face various challenges when it comes to embracing the circular economy (CE). These challenges not only deter companies from adopting effective strategies that promote it but also hinder industries from effectively establishing a circular system that ensures the addition of economic value to the supply chain. To address these challenges, blockchain technology has emerged as a new and revolutionary protocol for sharing and updating information. It does so by linking databases within a decentralized, peer‐to‐peer, open‐access network, guaranteeing secure, immutable, and irreversible operations. Within this context, the primary objective of this article is to investigate how blockchain technology supports the transition to the CE. Additionally, the paper aims to identify the barriers that hinder the process of transitioning to the CE. To achieve this, a systematic literature review (SLR) was conducted, considering 22 articles published in recent years across Scopus, Web of Science, and Science Direct databases. The results of this review underscore the considerable potential of blockchain in supporting companies and industries as they embrace their roles in the CE and seek to overcome the barriers they encounter. The findings reveal that blockchain supports the transition to the CE by facilitating decentralization, enabling smart contracting, enhancing information sharing and improvement, ensuring traceability and transparency, providing incentives, offering protection and security, and promoting value creation. However, in examining the barriers that blockchain may face in supporting companies and industries as they transition to the CE, certain challenges are highlighted. These include issues related to low scalability, insufficient funding, underdeveloped regulations, limited infrastructure support, a lack of standardization and generalization, high initial adoption costs, associated risks, and a deficiency in engagement and awareness. In conclusion, this study contributes to the existing literature by demonstrating that although barriers may pose challenges to blockchain's role in facilitating the CE transition, the benefits it offers are likely to outweigh these obstacles.

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Blockchain technology and circular economy in the environment of total productive maintenance: a natural resource-based view perspective

Cited by 25 publications

References 80 publications

Key factors in operational excellence for Industry 4.0: an empirical study and maturity model in emerging countries

Key factors in operational excellence for Industry 4.0: an empirical study and maturity model in emerging countries

Enabling the circular economy in the digital transformation era: evidence from an emerging country

Blockchain and the transition to the circular economy: A literature review

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