This study investigates the role of cash flow uncertainty and firm life cycle on sustainability disclosures using environmental, social and governance (ESG) disclosure score data. We conduct our analysis on a sample of 190 Indian firms for a period of 12 years from 2010 to 2021. Drawing upon the real‐option theory and organisational‐inertia theory, we document a negative impact of cash flow uncertainty and firm life cycle on a firm's commitment to disclose sustainability information. We also find a significant impact of managerial risk inclination and risk tolerance at the firm level in moderating the above relationships. Our findings can help managers equip themselves to meet the challenges of sustainability commitments during cash flow constraints and firm life‐cycle transitions. Moreover, our results can also help policymakers in assessing the need to enforce sustainability disclosures depending on the hurdles confronted by a firm.
{"title":"The interplay of cash flow uncertainty and firm life cycle on sustainability disclosure","authors":"K Shiljas, Dilip Kumar","doi":"10.1002/bse.3908","DOIUrl":"https://doi.org/10.1002/bse.3908","url":null,"abstract":"This study investigates the role of cash flow uncertainty and firm life cycle on sustainability disclosures using environmental, social and governance (ESG) disclosure score data. We conduct our analysis on a sample of 190 Indian firms for a period of 12 years from 2010 to 2021. Drawing upon the real‐option theory and organisational‐inertia theory, we document a negative impact of cash flow uncertainty and firm life cycle on a firm's commitment to disclose sustainability information. We also find a significant impact of managerial risk inclination and risk tolerance at the firm level in moderating the above relationships. Our findings can help managers equip themselves to meet the challenges of sustainability commitments during cash flow constraints and firm life‐cycle transitions. Moreover, our results can also help policymakers in assessing the need to enforce sustainability disclosures depending on the hurdles confronted by a firm.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":null,"pages":null},"PeriodicalIF":13.4,"publicationDate":"2024-08-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142007455","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
In both private and Government sectors, the convergence of digital technologies and environmental, social, and governance assessment addresses concerns regarding sustainable practices. This study explores crucial ESG activities for sustainable digital supply chain focusing on their promotion of sustainable businesses. Initially, a literature review and experts input identified 12 potential activities. Using the Best‐Worst Method, these activities were ranked, and their interactions were evaluated through Total Interpretive Structural Modeling and the Matrix of Cross‐Impact Multiplication Applied to Classification technique. The key activities identified include “circular economy practices and waste reduction,” “energy efficiency and reduction in carbon emissions,” and “data privacy and cybersecurity.” Understanding these activities enables organizations to mitigate environmental impact, enhance social performance, and improve governance practices in supply chains. The implications extend to fostering environmentally conscious supply chains in a rapidly evolving digital landscape, aligning with “sustainable development goals,” including justice, responsible consumption, clean energy, and climate action.
{"title":"Can sustainable and digital objectives synchronize? A study of ESG activities for digital supply chains using multi‐methods","authors":"Arpit Singh, Ashish Dwivedi, Dindayal Agrawal, Surajit Bag, Anurag Chauhan","doi":"10.1002/bse.3925","DOIUrl":"https://doi.org/10.1002/bse.3925","url":null,"abstract":"In both private and Government sectors, the convergence of digital technologies and environmental, social, and governance assessment addresses concerns regarding sustainable practices. This study explores crucial ESG activities for sustainable digital supply chain focusing on their promotion of sustainable businesses. Initially, a literature review and experts input identified 12 potential activities. Using the Best‐Worst Method, these activities were ranked, and their interactions were evaluated through Total Interpretive Structural Modeling and the Matrix of Cross‐Impact Multiplication Applied to Classification technique. The key activities identified include “circular economy practices and waste reduction,” “energy efficiency and reduction in carbon emissions,” and “data privacy and cybersecurity.” Understanding these activities enables organizations to mitigate environmental impact, enhance social performance, and improve governance practices in supply chains. The implications extend to fostering environmentally conscious supply chains in a rapidly evolving digital landscape, aligning with “sustainable development goals,” including justice, responsible consumption, clean energy, and climate action.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":null,"pages":null},"PeriodicalIF":13.4,"publicationDate":"2024-08-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142002769","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This study explored factors shaping Estonian entrepreneurs' green transition awareness. Employing mixed methods, it included an online survey (532 enterprise representatives) and focus groups/interviews (42 experts). Findings showed that less than half of Estonian companies were aware of the green transition. Based on proportional odds logistic regressions, factors contributing to this low awareness included a perceived lack of necessity, limited exposure to green regulations, demand for information on green initiatives and absence of an established green transition plan. Entrepreneurs acknowledged the importance of sustainable practices yet lacked expertise in their implementation. Policymaker‐driven targeted communication and training are key for bridging this gap, emphasizing benefits and encouraging green plans. Collaboration and knowledge‐sharing, especially with foreign trade‐linked companies, may foster green practice adoption. These findings aid in understanding awareness gaps and guiding support systems. Policymakers can create effective strategies, training and plans, promoting awareness of Estonia's sustainable goals and eco‐conscious business landscape.
{"title":"Factors shaping Estonian entrepreneurs' green transition awareness","authors":"Renee Pesor, Marge Täks, Aleksandra Kekkonen","doi":"10.1002/bse.3927","DOIUrl":"https://doi.org/10.1002/bse.3927","url":null,"abstract":"This study explored factors shaping Estonian entrepreneurs' green transition awareness. Employing mixed methods, it included an online survey (532 enterprise representatives) and focus groups/interviews (42 experts). Findings showed that less than half of Estonian companies were aware of the green transition. Based on proportional odds logistic regressions, factors contributing to this low awareness included a perceived lack of necessity, limited exposure to green regulations, demand for information on green initiatives and absence of an established green transition plan. Entrepreneurs acknowledged the importance of sustainable practices yet lacked expertise in their implementation. Policymaker‐driven targeted communication and training are key for bridging this gap, emphasizing benefits and encouraging green plans. Collaboration and knowledge‐sharing, especially with foreign trade‐linked companies, may foster green practice adoption. These findings aid in understanding awareness gaps and guiding support systems. Policymakers can create effective strategies, training and plans, promoting awareness of Estonia's sustainable goals and eco‐conscious business landscape.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":null,"pages":null},"PeriodicalIF":13.4,"publicationDate":"2024-08-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142002773","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Ashish Dwivedi, Anirban Ganguly, Sanjoy Kumar Paul
Circular supply chains (CSCs) refer to the process of collecting used products from consumers and repurposing them through remanufacturing, recycling, renovation, and repair. Digital technologies have the potential to perform a crucial role in enhancing these processes and achieving sustainable development goals (SDGs). Therefore, exploring the factors that link digital technologies and CSCs is essential. This study identifies and analyzes the critical success factors (CSFs) associated with integrating digital technologies in CSCs. The study utilized a grey Decision‐Making Trial and Evaluation Laboratory (DEMATEL) to identify and analyze CSFs. The initial set of CSFs was derived from existing literature and further refined based on expert opinions. The findings from the study reflect that the top five CSFs for linking digital technologies and CSCs were identified as the organizational commitment toward digitization, adoption of modern technologies, support from top administration toward digitization, adoption of contemporary business models, and data‐driven modernization toward CSCs. The study also revealed that out of the 24 identified CSFs, 11 were associated with the “causal group” while the remaining 13 were associated with the “effect group.” The integration of digital technologies in CSCs has been found to significantly enhance organizational effectiveness. However, there is a paucity of studies analyzing CSFs for linking digital technologies and CSCs. This study fills this research gap and contributes to the frame of knowledge in the domain of CSCs.
{"title":"Critical success factors for linking digital technologies and circular supply chains","authors":"Ashish Dwivedi, Anirban Ganguly, Sanjoy Kumar Paul","doi":"10.1002/bse.3907","DOIUrl":"https://doi.org/10.1002/bse.3907","url":null,"abstract":"Circular supply chains (CSCs) refer to the process of collecting used products from consumers and repurposing them through remanufacturing, recycling, renovation, and repair. Digital technologies have the potential to perform a crucial role in enhancing these processes and achieving sustainable development goals (SDGs). Therefore, exploring the factors that link digital technologies and CSCs is essential. This study identifies and analyzes the critical success factors (CSFs) associated with integrating digital technologies in CSCs. The study utilized a grey Decision‐Making Trial and Evaluation Laboratory (DEMATEL) to identify and analyze CSFs. The initial set of CSFs was derived from existing literature and further refined based on expert opinions. The findings from the study reflect that the top five CSFs for linking digital technologies and CSCs were identified as the organizational commitment toward digitization, adoption of modern technologies, support from top administration toward digitization, adoption of contemporary business models, and data‐driven modernization toward CSCs. The study also revealed that out of the 24 identified CSFs, 11 were associated with the “causal group” while the remaining 13 were associated with the “effect group.” The integration of digital technologies in CSCs has been found to significantly enhance organizational effectiveness. However, there is a paucity of studies analyzing CSFs for linking digital technologies and CSCs. This study fills this research gap and contributes to the frame of knowledge in the domain of CSCs.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":null,"pages":null},"PeriodicalIF":13.4,"publicationDate":"2024-08-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142002774","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
While many countries have made significant strides toward meeting the United Nations Sustainable Development Goals (SDGs), others continue to struggle to make progress. We connect progress toward the SDGs with capital market outcomes for firms going public. We find that the degree of underpricing in initial public offerings (IPOs) is lower in countries that are closer to achieving the SDGs, particularly those focused on economic and social outcomes. The relation between SDG progress and underpricing is sensitive to IPO characteristics associated with uncertainty, and country‐level indicators of democracy and cultural attributes. SDG progress is also associated with important IPO characteristics correlated with uncertainty, including offer prices, underwriter reputation, VC backing, offer size, and underwriter spreads. Together, our results support the hypothesis that SDG progress reduces uncertainty for investors, which lowers the cost of capital for IPO firms.
{"title":"Does sustainable development matter for initial public offering underpricing?","authors":"Thomas J. Boulton","doi":"10.1002/bse.3915","DOIUrl":"https://doi.org/10.1002/bse.3915","url":null,"abstract":"While many countries have made significant strides toward meeting the United Nations Sustainable Development Goals (SDGs), others continue to struggle to make progress. We connect progress toward the SDGs with capital market outcomes for firms going public. We find that the degree of underpricing in initial public offerings (IPOs) is lower in countries that are closer to achieving the SDGs, particularly those focused on economic and social outcomes. The relation between SDG progress and underpricing is sensitive to IPO characteristics associated with uncertainty, and country‐level indicators of democracy and cultural attributes. SDG progress is also associated with important IPO characteristics correlated with uncertainty, including offer prices, underwriter reputation, VC backing, offer size, and underwriter spreads. Together, our results support the hypothesis that SDG progress reduces uncertainty for investors, which lowers the cost of capital for IPO firms.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":null,"pages":null},"PeriodicalIF":13.4,"publicationDate":"2024-08-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142002765","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Consumers' trust in eco‐labels is declining due to the growing number of different kinds of eco‐labels that can be uncertified and related to greenwashing. This paper argues that providing more transparency regarding green supply chains (GSCs) through eco‐labels (such as Cradle to Cradle Certified®) is critical for creating trust and convincing consumers to buy eco‐products over conventional ones. Building on previous literature related to sustainable consumption behavior, green purchasing behavior, Cradle to Cradle certification and GSC management, we develop and test a conceptual model to empirically investigate the links between consumers' trust in eco‐product labels and GSC perceptions in influencing green purchase behavior (GPB) in the case of eco‐friendly fast‐moving consumer goods (FMCGs). By studying a sample of 276 German consumers and applying structural equation modeling, we find that the trust in eco‐product labels and positive perceptions of GSCs are important drivers of GPB. Our research contributes by expanding the knowledge on the factors influencing the acceptance of eco‐products, highlighting the importance of supply chain transparency and trust in GSCs among consumers. We discuss theoretical implications for green product innovation and marketing including eco‐product labeling based on transparent GSCs.
{"title":"Consumers' purchase behavior of Cradle to Cradle Certified® products—The role of trust and supply chain transparency","authors":"Svenja Damberg, Ulla A. Saari, Morgane Fritz, Vytaute Dlugoborskyte, Katerina Božič","doi":"10.1002/bse.3919","DOIUrl":"https://doi.org/10.1002/bse.3919","url":null,"abstract":"Consumers' trust in eco‐labels is declining due to the growing number of different kinds of eco‐labels that can be uncertified and related to greenwashing. This paper argues that providing more transparency regarding green supply chains (GSCs) through eco‐labels (such as Cradle to Cradle Certified®) is critical for creating trust and convincing consumers to buy eco‐products over conventional ones. Building on previous literature related to sustainable consumption behavior, green purchasing behavior, Cradle to Cradle certification and GSC management, we develop and test a conceptual model to empirically investigate the links between consumers' trust in eco‐product labels and GSC perceptions in influencing green purchase behavior (GPB) in the case of eco‐friendly fast‐moving consumer goods (FMCGs). By studying a sample of 276 German consumers and applying structural equation modeling, we find that the trust in eco‐product labels and positive perceptions of GSCs are important drivers of GPB. Our research contributes by expanding the knowledge on the factors influencing the acceptance of eco‐products, highlighting the importance of supply chain transparency and trust in GSCs among consumers. We discuss theoretical implications for green product innovation and marketing including eco‐product labeling based on transparent GSCs.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":null,"pages":null},"PeriodicalIF":13.4,"publicationDate":"2024-08-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141991786","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
We examine the association between environmental, social, and governance (ESG) and firm performance, taking into account the influence of power distance (PD) cultural orientation among 38 leading technology‐driven global companies between 2017 and 2021. First, we establish an internal network structure through a chance‐constrained network data envelopment analysis (NDEA) model to analyze the R&D investment and eco‐business efficiencies of our sample companies. Among the average DEA score results, eco‐business efficiencies performed better with after COVID‐19 than R&D investment performance. Second, we conduct a truncated regression analysis and find that PD positively (negatively) moderates the impact of social (environmental and governance) factors on R&D investment efficiency (eco‐business efficiency). Overall, we highlight strategic ESG toward their sustainability business success and underline the specific NDEA application in assessing the efficiencies of innovative industries.
{"title":"Environmental, social, and governance, firm performance and the moderating role of power distance cultural value during the COVID‐19 pandemic","authors":"Wen‐Min Lu, Qian Long Kweh, Oyunerdene Dashnyam","doi":"10.1002/bse.3921","DOIUrl":"https://doi.org/10.1002/bse.3921","url":null,"abstract":"We examine the association between environmental, social, and governance (ESG) and firm performance, taking into account the influence of power distance (PD) cultural orientation among 38 leading technology‐driven global companies between 2017 and 2021. First, we establish an internal network structure through a chance‐constrained network data envelopment analysis (NDEA) model to analyze the R&D investment and eco‐business efficiencies of our sample companies. Among the average DEA score results, eco‐business efficiencies performed better with after COVID‐19 than R&D investment performance. Second, we conduct a truncated regression analysis and find that PD positively (negatively) moderates the impact of social (environmental and governance) factors on R&D investment efficiency (eco‐business efficiency). Overall, we highlight strategic ESG toward their sustainability business success and underline the specific NDEA application in assessing the efficiencies of innovative industries.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":null,"pages":null},"PeriodicalIF":13.4,"publicationDate":"2024-08-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141991789","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Subhajit Pahari, Debarun Chakraborty, Aruna Polisetty, Ganesh Dash, Mark Anthony Camilleri, Justin Zhang
To date, there are still limited studies that have devoted their attention to the customers' demand for natural food products. Notwithstanding, to the best of the authors' knowledge, there are no articles that integrate the theory of consumption values with the stimuli‐organism‐behavior‐consequence framework, to explore the intricate connections between consumption values, purchase intentions, and actual buying behaviors of natural food products. Primary data were gathered from 793 survey respondents, and a covariance‐based structural equations modeling approach was used to evaluate the robustness of the proposed model. The findings indicate that the various benefits of natural food products have a significant impact on how consumers perceive and approach these products. The results also suggest that consumer behaviors are greatly influenced by their environmental concerns and health considerations. Furthermore, they underline the significance of the consumers' incomes and education levels on the causal paths between attitudes, intentions to purchase, and actual purchase behaviors. This contribution advances a novel theoretical model that is empirically tested, as well as reasonable implications for industry practitioners.
{"title":"Factors affecting consumer purchases of natural foods: Prioritizing health consciousness and environmental sustainability","authors":"Subhajit Pahari, Debarun Chakraborty, Aruna Polisetty, Ganesh Dash, Mark Anthony Camilleri, Justin Zhang","doi":"10.1002/bse.3913","DOIUrl":"https://doi.org/10.1002/bse.3913","url":null,"abstract":"To date, there are still limited studies that have devoted their attention to the customers' demand for natural food products. Notwithstanding, to the best of the authors' knowledge, there are no articles that integrate the theory of consumption values with the stimuli‐organism‐behavior‐consequence framework, to explore the intricate connections between consumption values, purchase intentions, and actual buying behaviors of natural food products. Primary data were gathered from 793 survey respondents, and a covariance‐based structural equations modeling approach was used to evaluate the robustness of the proposed model. The findings indicate that the various benefits of natural food products have a significant impact on how consumers perceive and approach these products. The results also suggest that consumer behaviors are greatly influenced by their environmental concerns and health considerations. Furthermore, they underline the significance of the consumers' incomes and education levels on the causal paths between attitudes, intentions to purchase, and actual purchase behaviors. This contribution advances a novel theoretical model that is empirically tested, as well as reasonable implications for industry practitioners.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":null,"pages":null},"PeriodicalIF":13.4,"publicationDate":"2024-08-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141991785","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This article studies the determinants of the capital structure of 2694 small Ecuadorian companies throughout their organizational life cycle, breaking down their total liabilities in long‐ and short‐term leverage. The empirical investigation focuses on small and medium enterprises (SMEs) in the commercial sector, with 11,023 observations during the period 2015–2019. The results suggest both that information asymmetry and agency problems are important and that larger size and higher collateral are very important, for accessing long‐term leverage financing. Liquidity is negatively associated with leverage, while higher profitability is positively associated with lower levels of leverage. When internal finances are insufficient, commercial SMEs appear to be highly dependent on short‐term leverage financing, due to difficulties in accessing long‐term leverage. The main conclusion of this study is that small companies' capital structure follows the predictions formulated by the main financing theories, in agreement with the results of previous studies of SMEs.
{"title":"Determinants of corporate leverage and sustainability of small and medium‐sized enterprises: The case of commercial companies in Ecuador","authors":"Herenia Gutiérrez‐Ponce","doi":"10.1002/bse.3924","DOIUrl":"https://doi.org/10.1002/bse.3924","url":null,"abstract":"This article studies the determinants of the capital structure of 2694 small Ecuadorian companies throughout their organizational life cycle, breaking down their total liabilities in long‐ and short‐term leverage. The empirical investigation focuses on small and medium enterprises (SMEs) in the commercial sector, with 11,023 observations during the period 2015–2019. The results suggest both that information asymmetry and agency problems are important and that larger size and higher collateral are very important, for accessing long‐term leverage financing. Liquidity is negatively associated with leverage, while higher profitability is positively associated with lower levels of leverage. When internal finances are insufficient, commercial SMEs appear to be highly dependent on short‐term leverage financing, due to difficulties in accessing long‐term leverage. The main conclusion of this study is that small companies' capital structure follows the predictions formulated by the main financing theories, in agreement with the results of previous studies of SMEs.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":null,"pages":null},"PeriodicalIF":13.4,"publicationDate":"2024-08-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141991801","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Modern supply chains face multifaceted risks due to their intricate nature, often leading to disruptions that ripple across the entire chain. However, in the era of Industry 4.0, innovative technologies such as additive manufacturing technology (AMT) promise to enhance supply chain sustainability and address environmental concerns. This study investigates the potential of AMT in mitigating supply chain risks (SCRs) through a comprehensive risk assessment framework employing the best‐worst method (BWM). Our analysis encompasses 14 SCRs grouped into four SCR categories. Analysis of the outcome reveals that AMT adoption has the most significant impact in addressing risks related to lead time fluctuations, waste generation, supplier dependency, inventory‐related risks, and logistics‐related risks. Notably, the adoption of AMT emerges as a robust strategy, significantly impacting these critical risk areas, thereby aligning with the principles of supply chain sustainability, strategic environmental management, and fostering innovation in green technologies. The implications of this study offer invaluable insights for researchers and practitioners, emphasizing the pivotal role of AMT in addressing environmental risks and promoting sustainable supply chain practices. By understanding and leveraging the potential of AMT, businesses can strategically navigate supply chain challenges while embracing environmentally conscious approaches, driving positive impacts across industries.
现代供应链因其错综复杂的性质而面临着多方面的风险，往往会导致整个供应链出现混乱。然而，在工业 4.0 时代，增材制造技术（AMT）等创新技术有望提高供应链的可持续性并解决环境问题。本研究通过采用最佳-最差法（BWM）的综合风险评估框架，研究了增材制造技术在降低供应链风险（SCR）方面的潜力。我们的分析涵盖了分为四个 SCR 类别的 14 个 SCR。分析结果表明，采用 AMT 对解决与交货期波动、废物产生、供应商依赖、库存相关风险和物流相关风险有关的风险影响最大。值得注意的是，采用 AMT 是一项强有力的战略，对这些关键风险领域产生了重大影响，从而符合供应链可持续发展、战略环境管理和促进绿色技术创新的原则。这项研究的意义为研究人员和从业人员提供了宝贵的见解，强调了 AMT 在应对环境风险和促进可持续供应链实践中的关键作用。通过了解和利用 AMT 的潜力，企业可以战略性地应对供应链挑战，同时采用具有环保意识的方法，在各行各业产生积极影响。
{"title":"Greening the supply chain: Leveraging additive manufacturing for sustainable risk management","authors":"Shubhendu Singh, Subhas Chandra Misra, Gaurvendra Singh","doi":"10.1002/bse.3926","DOIUrl":"https://doi.org/10.1002/bse.3926","url":null,"abstract":"Modern supply chains face multifaceted risks due to their intricate nature, often leading to disruptions that ripple across the entire chain. However, in the era of Industry 4.0, innovative technologies such as additive manufacturing technology (AMT) promise to enhance supply chain sustainability and address environmental concerns. This study investigates the potential of AMT in mitigating supply chain risks (SCRs) through a comprehensive risk assessment framework employing the best‐worst method (BWM). Our analysis encompasses 14 SCRs grouped into four SCR categories. Analysis of the outcome reveals that AMT adoption has the most significant impact in addressing risks related to lead time fluctuations, waste generation, supplier dependency, inventory‐related risks, and logistics‐related risks. Notably, the adoption of AMT emerges as a robust strategy, significantly impacting these critical risk areas, thereby aligning with the principles of supply chain sustainability, strategic environmental management, and fostering innovation in green technologies. The implications of this study offer invaluable insights for researchers and practitioners, emphasizing the pivotal role of AMT in addressing environmental risks and promoting sustainable supply chain practices. By understanding and leveraging the potential of AMT, businesses can strategically navigate supply chain challenges while embracing environmentally conscious approaches, driving positive impacts across industries.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":null,"pages":null},"PeriodicalIF":13.4,"publicationDate":"2024-08-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141991790","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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