The investigation outcomes indicate that Blockchain Technology positively influences circular economy (CE) and total productive maintenance (TPM) and that TPM has a significant positive impact on CE under the premises of natural resource-based view theory.
Authors
Ashutosh Samadhiya, Assistant Professor, Jindal Global Business School, O.P. Jindal Global University, Sonipat, Haryana, India.
Rajat Agrawal, Indian Institute of Technology Roorkee, Roorkee, India.
Anil Kumar, London Metropolitan University, London, UK.
Jose Arturo Garza-Reyes, Centre for Supply Chain Improvement, University of Derby, Derby, UK.
Summary
Total Productive Maintenance (TPM) could act as a practical approach to offer sustainability deliverables in manufacturing firms aligning with the natural resource-based view (NRBV) theory’s strategic capabilities: pollution prevention, product stewardship and sustainable development. Also, the emergence of Blockchain Technology (BCT) and Circular Economy (CE) are proven to deliver sustainable outcomes in the past literature. Therefore, the present research examines the relationship between BCT and CE and TPM’s direct and mediation effect through the lens of NRBV theory.
Methodology
The current study proposes a conceptual framework to examine the relationship between BCT, CE and TPM and validates the framework through the Partial Least Squares Structural Equation Modeling. Responses from 316 Indian manufacturing firms were collected to conduct the analysis.
Findings
The investigation outcomes indicate that BCT positively influences CE and TPM and that TPM has a significant positive impact on CE under the premises of NRBV theory. The results also suggest that TPM partially mediates the relationship between BCT and CE.
Research Limitations
This research fills a gap in the literature by investigating the effect of BCT and TPM on CE within the framework of the NRBV theory. It explores the link between BCT, TPM and CE under the NRBV theory’s strategic capabilities and TPM mediation.
Practical Implications
The positive influence of TPM and BCT on CE could initiate the amalgamation of BCT-TPM, improving the longevity of production equipment and products and speeding up the implementation of CE practices.
Originality
This research fills a gap in the literature by investigating the effect of BCT and TPM on CE within the framework of the NRBV theory. It explores the link between BCT, TPM and CE under the NRBV theory’s strategic capabilities along with TPM mediation.
Published in: Journal of Manufacturing Technology Management
To read the full article, please click here.
