IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v16y2024i9p3534-d1381383.html
   My bibliography  Save this article

Revolutionizing Retail: Examining the Influence of Blockchain-Enabled IoT Capabilities on Sustainable Firm Performance

Author

Listed:
  • Hassan Nazir

    (School of Economics and Management, Chang’an University, Xi’an 710064, China)

  • Jianqiang Fan

    (School of Economics and Management, Chang’an University, Xi’an 710064, China)

Abstract

Blockchain has revolutionized the field of supply chain management, allowing firms to optimize their operations and achieve enhanced levels of efficiency and environmental responsibility. This study investigates the relationships between the functionalities of the blockchain-enabled Internet of Things (IoT) and many aspects of the supply chain, namely, supplier integration, internal integration, customer integration, and sustainable logistic capabilities. It also analyses the impact of these correlations on the supply chain performance and sustainability of firms. This study is grounded in an empirical inquiry carried out using a questionnaire survey of the retail industry in Pakistan. Partial Least Squares Structural Equation Modelling (PLS-SEM) was employed to analyze the data. The findings indicate a direct correlation between the use of BC-enabled Internet of Things (IoT) capabilities and the integration of the supply chain, as well as logistic capabilities. Furthermore, there is a strong and meaningful correlation between blockchain-enabled supply chain integration and sustainable logistic capabilities and firm performance. The research findings indicate that the combined impact of digital innovations results in higher levels of corporate performance and sustainability. By embracing digitization through blockchain technology, business organizations can attain supply chain excellence. This integration enhances the adoption of environmentally beneficial actions, minimizes waste, and decreases carbon emissions across supply chains, thus reinforcing the connection between sustainable firm performance and environmental sustainability. As a result, the enterprises may execute sustainably through improved logistical capabilities and effective integration. The results hold great theoretical and practical significance for improving supply chain management efficacy and accomplishing multiple SDGs, including SDG-8, SDG-9, SDG-11, and SDG-12.

Suggested Citation

  • Hassan Nazir & Jianqiang Fan, 2024. "Revolutionizing Retail: Examining the Influence of Blockchain-Enabled IoT Capabilities on Sustainable Firm Performance," Sustainability, MDPI, vol. 16(9), pages 1-23, April.
    • Handle: RePEc:gam:jsusta:v:16:y:2024:i:9:p:3534-:d:1381383
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/16/9/3534/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/16/9/3534/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Mancuso, Ilaria & Messeni Petruzzelli, Antonio & Panniello, Umberto, 2023. "Innovating agri-food business models after the Covid-19 pandemic: The impact of digital technologies on the value creation and value capture mechanisms," Technological Forecasting and Social Change, Elsevier, vol. 190(C).
    2. Yousefi, Samuel & Mohamadpour Tosarkani, Babak, 2022. "An analytical approach for evaluating the impact of blockchain technology on sustainable supply chain performance," International Journal of Production Economics, Elsevier, vol. 246(C).
    3. Thomas K. Dasaklis & Theodore G. Voutsinas & Giannis T. Tsoulfas & Fran Casino, 2022. "A Systematic Literature Review of Blockchain-Enabled Supply Chain Traceability Implementations," Sustainability, MDPI, vol. 14(4), pages 1-30, February.
    4. Timothy Amoako & Zhang Huai Sheng & Courage Simon Kofi Dogbe & Wisdom Wise Kwabla Pomegbe, 2020. "Effect of internal integration on SMEs’ performance: the role of external integration and ICT," International Journal of Productivity and Performance Management, Emerald Group Publishing Limited, vol. 71(2), pages 643-665, December.
    5. Sharfuddin Ahmed Khan & Muhammad Shujaat Mubarik & Simonov Kusi‐Sarpong & Himanshu Gupta & Syed Imran Zaman & Mobashar Mubarik, 2022. "Blockchain technologies as enablers of supply chain mapping for sustainable supply chains," Business Strategy and the Environment, Wiley Blackwell, vol. 31(8), pages 3742-3756, December.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Seyyed-Alireza Radmanesh & Alireza Haji & Omid Fatahi Valilai, 2023. "Blockchain-Based Architecture for a Sustainable Supply Chain in Cloud Architecture," Sustainability, MDPI, vol. 15(11), pages 1-19, June.
    2. Aditi S. Saha & Rakesh D. Raut & Vinay Surendra Yadav & Abhijit Majumdar, 2022. "Blockchain Changing the Outlook of the Sustainable Food Supply Chain to Achieve Net Zero?," Sustainability, MDPI, vol. 14(24), pages 1-21, December.
    3. Bai, Chunguang & Sarkis, Joseph, 2022. "A critical review of formal analytical modeling for blockchain technology in production, operations, and supply chains: Harnessing progress for future potential," International Journal of Production Economics, Elsevier, vol. 250(C).
    4. Sotiris P. Gayialis & Evripidis P. Kechagias & Georgios A. Papadopoulos & Nikolaos A. Panayiotou, 2022. "A Business Process Reference Model for the Development of a Wine Traceability System," Sustainability, MDPI, vol. 14(18), pages 1-23, September.
    5. Katerina Fotova Čiković & Ivana Martinčević & Joško Lozić, 2022. "Application of Data Envelopment Analysis (DEA) in the Selection of Sustainable Suppliers: A Review and Bibliometric Analysis," Sustainability, MDPI, vol. 14(11), pages 1-30, May.
    6. Quanpeng Chen & Xiaogang Chen, 2023. "Blockchain-Enabled Supply Chain Internal and External Finance Model," Sustainability, MDPI, vol. 15(15), pages 1-33, July.
    7. Patanjal Kumar & Sachin Kumar Mangla & Yigit Kazancoglu & Ali Emrouznejad, 2023. "A decision framework for incorporating the coordination and behavioural issues in sustainable supply chains in digital economy," Annals of Operations Research, Springer, vol. 326(2), pages 721-749, July.
    8. Wang, Miaomiao & Wu, Jun & Chen, Xinyu & Zhu, Xiaoxi, 2023. "Grandfathering or benchmarking? The performance of implementing blockchain technology in a low-carbon supply chain," Energy, Elsevier, vol. 284(C).
    9. Asterios Stroumpoulis & Evangelia Kopanaki, 2022. "Theoretical Perspectives on Sustainable Supply Chain Management and Digital Transformation: A Literature Review and a Conceptual Framework," Sustainability, MDPI, vol. 14(8), pages 1-30, April.
    10. Yang, Fucheng & Luo, Chunyang & Pan, Lu, 2024. "Do digitalization and intellectual capital drive sustainable open innovation of natural resources sector? Evidence from China," Resources Policy, Elsevier, vol. 88(C).
    11. Chen Zhang & Yaoqun Xu & Yi Zheng, 2024. "Blockchain Traceability Adoption in Low-Carbon Supply Chains: An Evolutionary Game Analysis," Sustainability, MDPI, vol. 16(5), pages 1-23, February.
    12. Syaiful Anwar & Tomy Perdana & Meddy Rachmadi & Trisna Insan Noor, 2023. "Product Traceability and Supply Chain Sustainability of Black Soybeans as Raw Materials for Soy Sauce in Maintaining Quality and Safety," Sustainability, MDPI, vol. 15(18), pages 1-23, September.
    13. Shoufeng Ji & Pengyun Zhao & Tingting Ji, 2023. "A Hybrid Optimization Method for Sustainable and Flexible Design of Supply–Production–Distribution Network in the Physical Internet," Sustainability, MDPI, vol. 15(7), pages 1-34, April.
    14. Jing-Yan Ma & Lei Shi & Tae-Won Kang, 2022. "The Effect of Digital Transformation on the Pharmaceutical Sustainable Supply Chain Performance: The Mediating Role of Information Sharing and Traceability Using Structural Equation Modeling," Sustainability, MDPI, vol. 15(1), pages 1-21, December.
    15. Christofi, Michael & Zahoor, Nadia & Hadjielias, Elias & Adomako, Samuel, 2024. "Business model innovation and international performance of emerging market international businesses," Journal of International Management, Elsevier, vol. 30(1).
    16. Chunguang April Bai & James Cordeiro & Joseph Sarkis, 2022. "Blockchain for the environmentally sustainable enterprise," Business Strategy and the Environment, Wiley Blackwell, vol. 31(8), pages 3689-3692, December.
    17. Ajay Kumar Pandey & Yash Daultani & Saurabh Pratap, 2024. "Blockchain technology enabled critical success factors for supply chain resilience and sustainability," Business Strategy and the Environment, Wiley Blackwell, vol. 33(2), pages 1533-1554, February.
    18. Esraa Esam Alharasis & Hossam Haddad & Maha Shehadeh & Ahmad Saleem Tarawneh, 2022. "Abnormal Monitoring Costs Charged for Auditing Fair Value Model: Evidence from Jordanian Finance Industry," Sustainability, MDPI, vol. 14(6), pages 1-21, March.
    19. Liu, Siqin & Cai, Hanquan & Cai, Xiaotong, 2023. "The paradox of digitalization, competitiveness, and sustainability: A firm-level study of natural resources exploitation in post Covid-19 for China," Resources Policy, Elsevier, vol. 85(PA).
    20. Vincenzo Varriale & Antonello Cammarano & Francesca Michelino & Mauro Caputo, 2023. "Industry 5.0 and Triple Bottom Line Approach in Supply Chain Management: The State-of-the-Art," Sustainability, MDPI, vol. 15(7), pages 1-30, March.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:16:y:2024:i:9:p:3534-:d:1381383. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.