Digitization assisted circular economy: a business strategy to attain sustainability in global supply chains
摘要
Contemporary businesses that aim for sustainable global supply chains (GSCs) through circular economy (CE) models has been a crucial topic of research and practice for addressing the climate change risks and resource scarcity. This study identifies and prioritizes the critical success factors (CSFs) for digitalization assisted CE for sustainability in GSCs using a modified multi criteria decision making technique, Grey Decision-Making Trial and Evaluation Laboratory (DEMATEL). Analysing the cause-and-effect relationships among 14 identified CSFs for digitization assisted CE in GSCs offers actionable insights for organizations and policymakers seeking to enhance sustainability efforts by navigating the complexities of integrating digitization and CE practices. The findings from the study reveal that process improvement and optimization through digitization and human centric sustainable operations towards CE as the highest ranked CSFs. The results suggest that managers shall invest in digital integration, prioritize transparency, and foster collaboration to create resilient and sustainable supply chain ecosystems and this will serve as the initial step towards the future digital transformations. This study provides a strategic roadmap for managers and policymakers aiming to integrate CE principles through digital transformation.