Work

A model of industry 4.0 and a circular economy for green logistics and a sustainable supply chain

Year: 2023

Type: article

Abstract: The objective of this study was to investigate a hybrid framework for Industry 4.0 and a circular economy for logistics and supply chains with an environmentally‐friendly and sustainable basis. Data were collected from universities, companies, and civil service departments. Partial Least Squares Structural Equation Modeling was applied to evaluate and validate hypotheses. Key findings comprise (a) confirmation of a predominant direct relationship between Industry 4.0 and adopting a circular economy for green logistics and a sustainable supply chain, which stimulates strategic change; and (b) deliberation about current strategic awareness and operations occurs, giving rise to the promulgation and implementation of state authority policies, and advancements in modern logistics and supply chain programs at universities. Since the analysis concentrated on logistical and supply chain matters, investigation of other variables would be required for other industrial activities such as manufacturing.

Source: Business Strategy & Development

DOI: 10.1002/bsd2.286

Authors: Thanh Van Luu, Felicita Chromjaková, Hong Quan Nguyen

Institutions: Tomas Bata University in Zlín, Vietnam National University Ho Chi Minh City, Institute for Circular Economy Development, Viện Môi trường và Tài nguyên

Language: English

Topic: Sustainable Supply Chain Management

Subfield: Strategy and Management

Field: Business, Management and Accounting

Domain: Social Sciences

SDGs: Industry, innovation and infrastructure, Responsible consumption and production

Open Access status: hybrid

Estimated APC paid: $2,940