The Concept of Digital Twins as a Modern Trend of Digital Economy

Shpak, Polina S.; Sycheva, Ekaterina; Merinskaya, Ekaterina E.

doi:10.24147/1812-3988.2020.18(1).57-68

Cited by 8 publications

(1 citation statement)

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“…By exploring the influence of different links and elements in supply chain security, the influence elements of supply chain security on the wooden furniture industry and its internal mechanisms can be elucidated. The digital economy is a new form of economy in which information is digitized, data driven, and resource driven [48]. Research on digital economy theory is a practical exploration of industrial modernization and intellectualization and a vital link for the integration of digital technology with the real economy.…”

Section: Theoretical Basis and Research Hypotheses 41 Theoretical Basismentioning

confidence: 99%

The Impact of the Digital Economy on Supply Chain Security: Evidence from China’s Wooden Furniture Industry

Luo,

Chen,

Tao

et al. 2024

Forests

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Supply chain security is a major prerequisite for China’s successful industrial modernization, while the digital economy has significantly contributed to industrial transformation and upgrading. This study considers China’s wooden furniture industry as its research object, constructing an evaluation index system of the digital economy and supply chain security of the wooden furniture industry. Then, it studies the impact of the digital economy on supply chain security through theoretical analysis and empirical methods using the two-way fixed model of provinces and time. The findings demonstrate that the digital economy effectively enhances the level of supply chain security in China’s wooden furniture industry, further validating the digital economy’s positive externality impact on the traditional real economy. The impact mechanism test shows that inventory turnover capacity is the focal point for the digital economy to improve the supply chain security of the wood furniture industry, specifying the starting point for that industry’s digital transformation. The heterogeneity findings show that the role of the digital economy in improving the wood furniture industry’s level of supply chain security is more significant in inland areas than in coastal areas. Additional analyses found a threshold effect of the digital economy’s impact on supply chain security, indicating its limitations. This study explores the impact of the digital economy on the real economy from a traditional manufacturing industry, enriching research on the positive externalities of the digital economy as well as providing a reference for traditional manufacturing industries, such as that of wooden furniture, to probe the embedding points of the digital economy and appropriate digital transformation.

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Section: Theoretical Basis and Research Hypotheses 41 Theoretical Basismentioning

confidence: 99%