“…CE considers the internal company perspective (including the business model, product design, and operations), the external supply chain perspective (including the reverse logistics and collaboration with external partners), and the institutional context perspective (including the legislation, standards, and the potential financing options) (Uhrenholt et al, 2022b). I4.0 represents a series of intelligent technologies that serve as new levers for manufacturers in achieving competitiveness through the generation, analysis, and use of digital data to support and perform business processes (Colli et al, 2021b). In particular, the internet of things (IoT) is arguably the backbone of digital transformation due to its capability to enable the interconnectedness of systems through increased transparency (Haddud et al, 2017).…”