Identification and prioritization of issues to implementation of information-facilitated product recovery system for a circular economy

Sustaining circular economy practices in supply chains during a global disruption

Purpose

Circular economy (CE) practices are critical to achieving sustainable development goals. However, the recent global disruption caused by the COVID-19 pandemic has significantly impacted sustainable practices. The literature shows a significant research gap in analyzing factors that sustain CE practices in supply chains during a global disruption. This study fills the research gap by developing a mix-method approach to analyze factors for sustaining CE practices during a global disruption.

Design/methodology/approach

To fulfill the objectives of this study, the list of factors that sustain CE practices was first identified by conducting a literature review and finalized through an expert opinion survey. The survey finalized 18 different factors for sustaining CE practices. The finalized factors were further analyzed using the grey decision-making trial and evaluation laboratory (DEMATEL) method. The quantitative analysis confirmed the priority of the factors and their cause-and-effect relationships.

Findings

The results revealed that continued stakeholder pressure, retention of CE and sustainability culture, continued implementation of cleaner technology, feedback system and ongoing CE training for resilience issues are the top five factors that sustain CE practices during a global disruption. The study also revealed ten factors as belonging to the cause group and eight to the effect group.

Originality/value

This study contributes to the literature by exploring factors for sustaining CE practices during a global disruption. Moreover, the study’s findings are important in real-life situations, as decision-makers can use the findings to formulate strategies for sustaining CE practices during future global disruptions.

Modeling the blockchain readiness challenges for product recovery system

Product Recovery System (PRS) transfers products from their typical final place to their source to arrest some value on the product. There are obstructions, such as costs, associated with the modification of accounts and assessment of products and refunds associated with the implementation of PRS. Blockchain Technology (BCT) emerged as an innovative approach to constructing trust in a trust less environment and assures the availability, traceability, and security in data management. It also presents a valuable solution to PRS. This study aims to analyze the Blockchain Readiness Challenges (BRCs) to PRS in the context of manufacturing industries. The study observes 20 readiness challenges linked with the implementation of BCT in PRS. The BRCs are identified from the literature survey and confirmed after consequent examinations with industry experts and researchers. The study employed a Multi-Criteria Decision-Making (MCDM) i.e., the Decision-Making Trial And Evaluation Laboratory (Fuzzy DEMATEL) approach to find the cause-and-effect interactions to prioritize BRCs. The Maximum Mean De-Entropy (MMDE) algorithm was adopted to establish the threshold value based on the information entropy of the interactions among the BRCs for PRS. The fuzzy set theory was adopted to tackle the uncertainty and vagueness of personnel biases and data deficiency problems. The findings from this study reveal that inadequate financing for PRS exercises, lack of governance and standards, and security challenges to BCT implementation are the most influential readiness challenges for the adoption of blockchain in PRS. The study is useful to manufacturing organizations for identifying the potential BRCs to implement PRS among all existing readiness challenges so that they can take suitable measures before proceeding to adopt blockchain in PRS. The managers are suggested to eliminate the readiness challenges and widen the blockchain technology adoption in PRS.

Addressing the Challenges to Sustainable Initiatives in Value Chain Flexibility: Implications for Sustainable Development Goals

The value chain refers to the source of competition to facilitate organizations to maximize and sustain value for their consumers. Value chain flexibility is necessary to build sustainable initiatives in addressing ambiguity. In the literature, there is a lack of framework to highlight the challenges to sustainable initiatives in value chain flexibility. This study fills this research gap by suggesting a framework for challenges to sustainable initiatives in value chain flexibility. In this study, thirteen potential challenges to sustainable initiatives in value chain flexibility are identified and an integrated model is developed. It adopts the modified Total Interpretive Structure Model and the Cross-Impact Matrix Multiplication Applied to Classification methodology. The mixed approach is used as the modified Total Interpretive Structure Model organizes the binary interactions among the challenges, while Cross-Impact Matrix Multiplication Applied to Classification analysis organizes specific precise assessments of the driving power and dependence of the challenges. The results of the study reflect that (i) lack of supplier commitment to sustainable products and (ii) lack of knowledge toward sustainability in value chains are the challenges that achieved the highest driving power. The challenge ‘inadequate communication among the suppliers in the value chain’ is at the highest level in the analysis. The proposed framework could help government and non-government bodies to formulate policies to efficiently address challenges to sustainable initiatives in value chain flexibility.