Technological Advancement and Circular Economy Practices in Food Supply Chain
Abstract
Amid rising environmental concerns, Industry 4.0 and blockchain technology (BCT) are transforming circular economy practices and prevailing business models. Recognizing the same, the current study examines the role of advanced technology in circular practices and their impact on eco-environmental performance, which influences organizational performance. The study collects data from 185 food processing enterprises that are located in Malaysian territories. By employing CB-SEM modeling, the study provides three key findings. First, Industry 4.0 significantly improves the circular economy practices. Second, circular economy practices help to improve firms' environmental performance but did not stimulate operational performance. Third, higher eco-environmental performance significantly boosts organizational performance. This study set out the foundations for participating countries/firms that help to achieve sustainable goals through the integration of blockchain technology in circular economy practices.
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Acknowledgements
Acknowledgment
This research is supported by Beijing Key Laboratory of Urban Spatial Information Engineering (No. 20210218).
Citation
Rehman Khan, S.A., Umar, M., Zia-ul-haq, H.M. and Yu, Z. (2022), "Technological Advancement and Circular Economy Practices in Food Supply Chain", Mor, R.S., Kumar, D. and Singh, A. (Ed.) Agri-Food 4.0 (Advanced Series in Management, Vol. 27), Emerald Publishing Limited, Leeds, pp. 65-75. https://doi.org/10.1108/S1877-636120220000027005
Publisher
:Emerald Publishing Limited
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