Adoption of technological innovation and recycling practices in automobile sector: under the Covid-19 pandemic

Abstract

Rising environmental concerns and globalization of supply chain made their control and management difficult. Blockchain technology, as a distributed digital ledger technology, guarantees security, visibility, traceability, and transparency promises ease for environmental and global supply chain problems. In this research work, blockchain technology and business analytics techniques were critically analyzed in the context of supply chain. Global and local governmental bodies, consumers, and communities are putting pressure to meet sustainability goals, which prompts us to investigate how these technologies can address and aid remanufacturing and recycling practices and sustainability in supply chain. The results illustrate that advanced technologies have a key role in the implementation of remanufacturing and recycling practices. The results also indicate that the remanufacturing and recycling practices substantially improve automobile firm performance. Moreover, the results also indicated that Covid-19 pandemic has positive moderating effect between advanced technology and remanufacturing and recycling practices while having insignificant effect between remanufacturing and recycling practices and automobile firm performance.