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Examination of sustainability risk in freight shipping based on the theory of planned behavior with temporal analysis

Author

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  • Choudhary, Divya
  • Kumar, Ajay
  • Huo, Baofeng

Abstract

Recent years have seen a growing focus on sustainable shipping and logistics from both the academia and business worlds. The emerging impetus towards sustainable freight shipping is accompanied by the surfacing of a novel category of threats recognized as sustainability risks. Sustainability risks could be triggered by numerous technological challenges in freight shipping and act as impediments to sustainability engagements. Despite the availability of abundant literature in the freight domain, studies examining sustainability risks in freight shipping are scarce. This study aims to understand and investigate sustainability risks in freight shipping from the perspective of theory of planned behavior (TPB). Furthermore, studies considering the impact of temporal orientation during risk analysis are virtually non-existent in the literature. This study attempts to address these gaps in the literature in the following ways: First, this study identifies sustainability risks associated with freight shipping and signifies the need to manage these risks to facilitate sustainable shipping; Second, this study investigates the influence of temporal dimension on sustainability risks; Third, this study performs the profiling of sustainability risks from economic, environmental, and social perspectives for short-term and long-term time frames. To address involved complexities, uncertainties, and preconceptions, a novel analytical model combining D-Number theory and intuitionistic Fuzzy Set theory is developed. We found that most of critical factors in all scenarios are triggered by an underlying social and technology-driven feature and not a financial one. Under the umbrella of TPB, we inferred that in the case of sustainability aspects, technology adoption provides the perceived behavioral control and lays the foundation for sustainable development. This study also offers implications for managers, policy-makers, and investors.

Suggested Citation

  • Choudhary, Divya & Kumar, Ajay & Huo, Baofeng, 2023. "Examination of sustainability risk in freight shipping based on the theory of planned behavior with temporal analysis," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 176(C).
    • Handle: RePEc:eee:transe:v:176:y:2023:i:c:s1366554523001795
    DOI: 10.1016/j.tre.2023.103191
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