A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Technological Revolution and Circular Economy Practices: A Mechanism of Green Economy
Rising environmental concerns, Industry 4.0 technologies, and circular economy (CE) practices are the prevailing business considerations of the current time, and they are transforming business models. Keeping in view the importance of these considerations, this work looks into the role of Industry 4.0 technologies in adoption of CE practices and the impact of CE practices on firms’ performance. The current study collected data from 213 automotive firms located in Eastern European countries including Poland, Romania, and Ukraine. Using Covariance-Based Structural Equation Modelling (CB-SEM), the current study provides some important findings. Firstly, Industry 4.0 technologies significantly enhance circular economy practices. Secondly, circular economy practices are found to be positively related with environmental and operational performance. Lastly, higher economic and operational performance boost organizational performance. Hence, the current study provides deeper understanding regarding performance implications of Industry 4.0 technologies and offers insights about ways of promoting sustainable performance in the current age of digitization.
Technological Revolution and Circular Economy Practices: A Mechanism of Green Economy
Rising environmental concerns, Industry 4.0 technologies, and circular economy (CE) practices are the prevailing business considerations of the current time, and they are transforming business models. Keeping in view the importance of these considerations, this work looks into the role of Industry 4.0 technologies in adoption of CE practices and the impact of CE practices on firms’ performance. The current study collected data from 213 automotive firms located in Eastern European countries including Poland, Romania, and Ukraine. Using Covariance-Based Structural Equation Modelling (CB-SEM), the current study provides some important findings. Firstly, Industry 4.0 technologies significantly enhance circular economy practices. Secondly, circular economy practices are found to be positively related with environmental and operational performance. Lastly, higher economic and operational performance boost organizational performance. Hence, the current study provides deeper understanding regarding performance implications of Industry 4.0 technologies and offers insights about ways of promoting sustainable performance in the current age of digitization.
Technological Revolution and Circular Economy Practices: A Mechanism of Green Economy
Syed Abdul Rehman Khan (author) / Muhammad Umar (author) / Alam Asadov (author) / Muhammad Tanveer (author) / Zhang Yu (author)
2022
Article (Journal)
Electronic Resource
Unknown
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