Embracement of industry 4.0 and sustainable supply chain practices under the shadow of practice-based view theory: Ensuring environmental sustainability in corporate sector

Abstract

Industry 4.0, also known as the Fourth Industrial Revolution, is bringing forth fast development. This revolution is reforming how companies work and relics optimistic regarding the opportunities Industry 4.0 may bring for sustainability. In recent years, several businesses have used sustainable supply chain practices (SSCPs) to make their supply networks less harmful to society and the environment. The goal is to minimize adverse environmental effects, such as those caused by excessive energy, water, and waste use. Sustainable business practices are becoming more and more crucial for growing firms as well as for resolving global issues. This research analyzes how Industry 4.0 affects the textile industry's environmental, social, and economic performance through SSCPs. Smart-PLS is utilized to examine the hypotheses using structural equation modeling, and a total of 639 valid survey responses were collected and processed for this study. The results show that SSCPs benefit Industry 4.0's environmental, social, and economic performance and have a positive impact. Industry 4.0 research incorporating SSCPs and the triple bottom line is a relatively recent concept.; further research may focus on other elements that could make SSCPs easier to execute. In this study, we employed the Practice-based view (PBV) theory for the sustainable supply chain (SSC) model; however, future researchers may use the Resource-based perspective or ecological modernization theory. The implications of Industry 4.0 on the textile industry's environmental, social, and economic performance through SSCPs have been the subject of a few research.