From concept to reality: leveraging green innovation and supply chain management for sustainable corporate performance.

Abstract

The aim of this study is to examine the potential effects that Industry 4.0, often known as the Fourth Industrial Revolution, and its accompanying technology improvements may have on SCMP and SC performance. Industry 4.0 impacts both the methods and productivity of supply chain management. Therefore, this study conceptualizes and develops an operational framework backed by SEM to examine the impact of Industry 4.0 on S.C. performance. This study employs a structural equation model (SEM) to estimate variables in India between September 2021 and March 2022 owing to the many advantages of the SEM over other estimators. The research shows that by implementing Industry 4.0-enabled technologies, businesses can improve SCM performance significantly through a holistic strategy that emphasizes supply chain integration, information sharing, and transparency. First, the results indicate that the supply chain management practices influence the Industry 4.0 technologies adoption. Second, the results revealed that Industry 4.0 technologies significantly positively affect supply chain performance measures. Finally, Industry 4.0 technologies mediated the relations between supply chain management practices and supply chain performance measures. Moreover, these technologies allow for huge performance improvements within individual supply chain processes such as procurement, production, inventory management and retailing by enabling process integration, digitization and automation, and bringing about novel analytical capabilities.