Supply Chain Practices Research Articles

A systematic review on exploring the influence of Industry 4.0 technologies to enhance supply chain visibility and operational efficiency

This systematic review investigates the implications of Industry 4.0 technologies on supply chain visibility and operational efficiency. The primary aim is to discern the impact of technological integration on contemporary supply chain dynamics. Methods: A comprehensive search strategy identified 65 pertinent studies published between 2015 and 2023. The review adheres to systematic methodologies, employing the Critical Appraisal Skills Programme framework for quality assessment. Data synthesis incorporates qualitative and quantitative analyses to distill key themes and patterns. Results: The review unveils the pivotal role of information visibility in fortifying supply chain outcomes, emphasizing the need for a dual investment strategy encompassing technological solutions and a collaborative organizational culture. Regional variations in supply chain practices, insights from humanitarian supply chains, and the influence of environmental factors on agility broaden the understanding of Industry 4.0 implications. Organizations are urged to adopt a context-specific, adaptive approach, recognizing the significance of intangible assets and tailoring strategies to local contexts for optimal supply chain performance. This systematic review contributes a nuanced understanding of Industry 4.0’s transformative potential in supply chain management, emphasizing the interplay between technology, organizational culture, and regional contexts.

Blockchain for sustainable supply chains: A systematic review and framework for SME implementation

This paper presents a systematic review of the role of blockchain technology in fostering sustainable supply chains, with a particular emphasis on its implementation for small and medium-sized enterprises (SMEs). The objective is to explore how blockchain can address critical challenges such as transparency, traceability, and accountability, thereby contributing to more sustainable and ethical supply chain practices. Through an extensive literature review, this study examines various blockchain applications and their potential to enhance sustainability by reducing inefficiencies, ensuring compliance with environmental standards, and mitigating risks related to unethical practices. The research methodology involved a comprehensive analysis of peer-reviewed articles, case studies, and industry reports to identify the benefits and barriers of blockchain adoption in supply chains. Key findings suggest that while blockchain can significantly enhance transparency and sustainability, SMEs face unique challenges in terms of technological adoption, cost implications, and scalability. Additionally, the paper proposes a framework tailored to SME needs, outlining practical steps for blockchain implementation, including initial investment strategies, stakeholder collaboration, and integration with existing technologies. The study concludes that blockchain holds great potential for advancing sustainable supply chains, but its adoption by SMEs requires a strategic approach that addresses financial, technical, and operational barriers. This framework provides a roadmap for SMEs aiming to leverage blockchain technology to achieve sustainability goals, thus contributing to long-term business competitiveness and compliance with global sustainability standards.

The effects of global product design on supply chain efficiency and natural resources management

The significance of global product design as a primary factor in determining supply chain efficiency and natural resource management. This study examines the impact of global product design changes on process and supply chain practices. Specifically, it seeks to understand in promoting sustainable practices across global supply chains. This study, utilizes the fuzzy Analytical Hierarchy Process (AHP) and fuzzy Technique for Order of Preference by Similarity to Ideal Solution (TOPSIS) methods to evaluate the criteria, sub-criteria, and various significant opportunities influencing sustainable product design and supply chain management. The fuzzy AHP method is used to assess the key criteria and their respective sub-criteria. The fuzzy TOPSIS method is used to rank the opportunities in driving sustainable practices across global supply chains. The results of fuzzy AHP show that innovation and product differentiation (C4), economic viability (C1), and supply chain efficiency (C5) are the crucial criteria. While the results of fuzzy TOPSIS present that supply chain transparency (O2) is the most suitable opportunity, followed by circular economy practices (O1) and policy advocacy and compliance (O6) in adopting global product design on supply chain efficiency and natural resources management. Thus, this study is highly relevant to the governments, industry specialists, and policymakers who aim at enhancing the dynamic business environment and sustainable development.

Navigating Complexity: Interdisciplinary Approaches to Sustainable Supply Chain Management

This editorial introduces a special issue dedicated to exploring sustainable supply chains through an interdisciplinary lens, incorporating theories from International Relations (IR) to better understand the complexities of global logistics in an era marked by significant geopolitical shifts. As the demand for sustainable business practices grows, this issue highlights innovative research that integrates environmental, social, and economic considerations into supply chain management. The contributions within this issue apply a mix of realist and liberalist IR perspectives to dissect the dynamics of global and local supply chain strategies, focusing on industries such as shipping and the growing influence of artificial intelligence in supply chain practices.

Apparel Supply Chain Management and Practice under the Perspective of Sustainable Development

Abstract: This study explores the challenges faced by the apparel industry and the means of attaining sustainable development via effective supply chain management amidst the backdrop of global economic integration and the evolving information technology landscape.Firstly, the current situation of the apparel industry is analyzed, including factors such as the increase in consumers' personalized demands, the increasingly fierce competition, the rising costs of labor and raw materials, and the growing consciousness of environmental preservation. The development status and problems of apparel supply chain management are then analyzed, including the excessively long supply chain, the lack of flexibility and adaptability in management, the opacity of information, the lack of a supplier evaluation system, and the neglect of sustainable development by enterprises. It further discusses achieving sustainable development in the apparel industry, including reducing water consumption and pollution, addressing the adverse consequences arising from the rapid turnover of fashion trends, promoting the construction of a circular supply chain, etc. Corresponding solutions are proposed. Finally, this study concludes how supply chain management and sustainable development practices can inject new vitality into apparel enterprises and achieve the industry's sustainable development goals.

Improving efficiency and sustainability via supply chain optimization through CNNs and BiLSTM

Supply chain management is changing rapidly due to increasing complexity, uncertain demand, and the requirement for sustainable methods. Advanced technologies like Bidirectional Long Short-Term Memory networks (BiLSTM) and Convolutional Neural Networks (CNNs) can enhance supply chain processes. This paper proposes integrating CNNs and BiLSTM models to improve supply chain efficiency and sustainability. The proposed model employs CNNs to optimize resource allocation, uncover trends, and evaluate supply chain spatial linkages. Using BiLSTM models to capture temporal correlations allows accurate demand forecasting and proactive decision-making. Combining these models explains supply chain dynamics. CNNs and BiLSTM models' adaptive learning and real-time monitoring boost efficiency by responding quickly to changing situations. Predictive analytics optimizes inventory, lowers stock outs, and cuts lead times. Sustainability factors include transportation route optimization, carbon footprint minimization, and intelligent green-sourcing decision assistance. The proposed Hybrid Model achieved 94.65 % Specificity, 96.57 % Accuracy, 95.67 % Sensitivity and 0.85 % MCC. The result analysis demonstrates that the proposed model significantly improved the accuracy level. This research sheds light on supply chain difficulties from all sides. CNNs and BiLSTM models can boost operational efficiency and link supply chain practices with sustainability goals to produce a more sustainable global supply network.

The intersection of green marketing and sustainable supply chain practices in FMCG SMEs

As sustainability increasingly shapes consumer behavior and corporate strategies, Fast-Moving Consumer Goods (FMCG) small and medium-sized enterprises (SMEs) are adopting green marketing and sustainable supply chain practices to gain a competitive edge. This review explores the intersection of these two critical areas, demonstrating how their integration can drive both business growth and environmental responsibility. Green marketing, which focuses on promoting eco-friendly products and sustainable business practices, has become a key tool for FMCG SMEs to differentiate themselves in a crowded marketplace. By adopting strategies such as eco-friendly packaging, ethical sourcing, and transparency in communicating sustainability efforts, SMEs can build stronger consumer trust, foster brand loyalty, and meet the growing demand for environmentally conscious products. Simultaneously, sustainable supply chain practices ensure that the production, distribution, and logistics processes align with environmental and social goals. These practices include reducing carbon emissions, minimizing waste, and working closely with suppliers to ensure ethical sourcing of materials. The synergy between green marketing and sustainable supply chains creates a feedback loop where operational sustainability supports marketing efforts, and consumer demand for green products encourages further sustainability improvements. This review also examines the challenges FMCG SMEs face in aligning these strategies, such as cost barriers, regulatory compliance, and supply chain complexity. Through case studies and industry examples, it highlights how innovative technology and stakeholder collaboration can help overcome these challenges. Ultimately, this study underscores that integrating green marketing and sustainable supply chain practices is not only essential for addressing environmental concerns but also for enhancing competitive positioning, customer satisfaction, and long-term market success in the FMCG sector. Recommendations for SMEs on how to effectively align their marketing and supply chain sustainability efforts are also provided. Keywords: Green Marketing, Supply Chain, FMCG SMEs, Review.

Avoidance of Medicine Wastage in Private Clinics In Hong Kong: Practitioners’ Perspectives

Hong Kong with its well-established healthcare and medicine system and professional health services is one of the renowned healthiest places in the world. In fact, Hong Kong's healthcare system is running on a dual-track basis comprising public and private sectors. This study intends to explore medicine waste management and sustainability. First, we examine the existing phenomenon of Hong Kong medicine waste. Also, we discuss the causes of medical waste from a private clinic doctors' perspective. In addition, we identifies possible policies and recommendations to minimize the medicine wastage in private clinic in Hong Kong as well as improve the healthcare supply chain practices. Qualitative research with in-depth interviews of doctors and medical practitioners have been carried out to gather their views and opinion of medication wastage, including the current medicine waste situation and the means of handling the expired medicines. Also, the study analyzes the centralized procurement platform effectiveness and suggests some possible policies for government to adopt. Interviewees mentioned that medication waste has occurred over decades. Medicine wastages are not only financial burdens, but also social burdens. If the medication waste problem cannot be alleviated, it will affect the population health and environment in the long run. An all-rounded healthcare supply chain with efficient logistics operations would help the government to collect excess medicines from private clinics and redistribute to some NGOs. In fact, all parties including manufacturers, distributors, prescribers, and patients have the responsibilities to maintain and implement suitable policies to prevent bulk medicine waste. This research study provides the foundation of medicine wastage in private clinics in Hong Kong. Future research can investigate the medicine wastage in other aspects as well as consolidate the literatures in both industrial and public perspectives.

Mapping Green Supply Chain Practices: An Extensive Bibliometric Review with the SPAR-4-SLR and TCCM Framework

Purpose: The growing global awareness of environmental sustainability and the threat of climate change has prompted organisations to embrace green supply chain practices (GSCP) to minimise their ecological footprint and improve their competitive edge. The primary objective of this study is to offer a comprehensive, insightful analysis of the GSCP utilising the TCCM (theory, context, characteristics, and methods) framework. Design/Methodology/Approach: This study conducts an extensive bibliometric analysis, incorporating the TCCM framework and SPAR-4-SLR (Scientific Procedures and Rationales for Systematic Literature Reviews) protocol, to delve into the dynamic field of GSCP spanning 2004 to 2023. Findings: This article offers a nuanced exploration of the intricacies of GSCP research dynamics, shedding light on influential articles, distinguished authors, prominent academic institutions, publication sources and nine key thematic research clusters that have had a substantial impact and propelled this pivotal domain forward. TCCM framework is used to construct an all-encompassing citation network, elucidating five significant domains guided by the theoretical framework. These domains include social and economic theories, resource and strategy theories, innovation and change theories, systems and interdisciplinary theories, and management and organisation theories. Every subcategory within the GSCP realm represents a distinct and unique facet and is supported by an individual theoretical framework and scholarly contribution. Practical Implications: The findings from the bibliometric review yield significant insights for researchers and green supply-chain practitioners. This article aims to guide future research endeavours and policy formulation by evaluating the existing knowledge base and pinpointing diverse research avenues. It underscores the importance of interdisciplinary collaboration among academics from different domains to address the complex aspects of sustainability in supply-chain operations, thus highlighting the multidisciplinary character of green supply-chain research. Originality/Value: To the best of our knowledge, this review study is the first to present a bibliometric analysis of GSCP using the TCCM framework and the SPAR-4-SLR protocol.

An analysis of digital twin technologies enhancing supply chain viability: empirical evidence from multiple cases

Recent challenges, including the semiconductor shortage, the Suez Canal blockage, the Russia-Ukraine conflict and the Huthi attacks in the Red Sea, have shifted the focus of top management towards ensuring continuity and building resilience in their supply chain (SC). These threats manifest in supply shortages, manufacturing halts and significant revenue losses, prompting a re-evaluation of SC strategies and increased investment in digital technologies. Specifically, adopting digital twin technologies (DTTs) enhances organizations to cope with SC disruptions by providing real-time data, facilitating quick decision-making and enabling immediate actions or responses. Applying the theoretical lens of the practice-based view (PBV), the present research analyses five cases to illustrate how DTTs beneficially support SC viability (SCV) practices, enhancing operational performance subsequently. The study uses secondary data to provide empirical evidence on the Digital supply chain practice model (DSCPM). The findings highlight the DTT’s role in facilitating SCV practices, enhancing visibility, adaptability and velocity. From a managerial perspective, however, the study reveals a notable gap between potential benefits and practical implementations of DTTs.

Supply Chain Efficiency and Agricultural Product Sales: A Comparative Study of 2022 and 2023 Trends in USA

This comparative study analyzes supply chain efficiency and agricultural product sales trends in the USA between 2022 and 2023. Utilizing a comprehensive dataset of agricultural products—including livestock, fruits, and dairy—the study examines key metrics such as units shipped, units sold, and units on hand across various product categories. By evaluating these variables, the research highlights changes in supply chain performance and market dynamics over the two-year period. The study focuses on identifying shifts in product demand, sales performance, and supply chain efficiency, offering insights into how agricultural producers adapted to market conditions. Results indicate that while some categories, such as fruits, experienced consistent sales growth, others faced fluctuations due to supply chain disruptions and changing consumer preferences. This analysis not only underscores the importance of efficient supply chains but also opens avenues for predictive analysis, providing actionable recommendations for improving supply chain practices in the agricultural sector. The findings are particularly relevant for industry practitioners aiming to enhance supply chain resilience and optimize product sales performance.

Enhancing Supply Chain Sustainability: The Role of Blockchain and Digital Technologies

The aim of this study was to investigate the role of blockchain and digital technologies in enhancing supply chain sustainability. Data was collected through an extensive review of academic literature, industry reports, and case studies. One remarkable finding was that blockchain technology can reduce supply chain fraud by up to 80% by providing an immutable and transparent ledger. The research examined the integration of AI, IoT, and blockchain, highlighting their combined impact on improving operational efficiency, transparency, and reducing environmental footprints. Keeping in mind the fact that supply chains are becoming increasingly complex and environmentally impactful, the paper concluded that the adoption of these technologies is critical for achieving sustainable supply chain practices. The study underscores the need for addressing implementation challenges, such as high costs and data privacy concerns, to fully realise the potential of digitalization and blockchain in creating resilient, efficient, and eco-friendly supply chains. This research provides valuable insights for both academics and practitioners aiming to enhance supply chain sustainability through technological innovation.

The sustainable development of small and midsize enterprises in China on green reverse logistics

In response to the increasing global emphasis on sustainability and the specific challenges faced by small and medium-sized enterprises (SMEs) in China, this study explores the integration of green reverse logistics within these enterprises to enhance their sustainability and competitiveness. The aim of this study is to understand the relationship between reverse logistics, green logistics, and sustainable development. Data analysis was conducted utilizing a combination of descriptive statistics and correlation analysis. A survey of 311 participants examined SMEs’ performance in reverse logistics practices and their initiatives in green logistics and sustainable development. The empirical findings reveal significant progress in reverse logistics practices among SMEs, reducing environmental impact and improving resource efficiency. Moreover, a notable positive correlation was identified between reverse logistics promotion and advancements in green logistics and sustainable development. SMEs’ investment in reverse logistics is closely linked to their efforts in environmentally conscious and sustainable supply chain management. These insights benefit SMEs and supply chain practitioners and offer a valuable reference for future research and practical applications in this field.

Do companies walk the talk? Commitments and actions in global supply chain labor standards

This article examines the efforts towards implementing minimum labor standards in global supply chains through the lens of corporate social responsibility. The adoption of supplier codes of conduct has driven efforts to monitor and enforce standards within these chains. Nonetheless, challenges persist in translating commitment into action, giving rise to gaps in implementation. We address two critical phenomena: corporations' varying internalization of responsibility to implement labor standards, and the translation of these written commitments into actions. Through two distinct studies, we explore how companies ‘walk the talk’, and navigate the gaps between corporate recognition of responsibility and the establishment of management systems to implement labor standards. The first study demonstrates that a minority of companies are diligent in committing to implement their codes. Only 17% accept a shared responsibility to implement the code, and most companies only refer to audit visits or the termination of supplier contract as mechanisms put in place. The second study does not find conclusive evidence of a correlation between corporate commitments and the evaluation of their corporate sustainability practices in supply chains as evaluated by KnowtheChain. However, results suggest that companies do better when they promote the collaborative approach with suppliers in their implementation efforts.

Sustainable Supply Chain Management Practices and Financial Sustainability of Listed Consumer Goods Firm in Nigeria

Purpose: The significance of sustainable supply chain management practice to the financial sustainability necessitated this study which aimed to evaluate the effects of sustainable supply chain management practices on financial sustainability of listed consumer goods firms in Nigeria. In the course of the study, the primary objectives of the study were to determine the effect of supplier relationship management on the financial sustainability of listed consumer goods firms in Nigeria and to evaluate the effect of lean supply chain practices on the financial sustainability of listed consumer goods firms in Nigeria. Methodology: The population of this study comprised of all the twenty-one (21) listed consumer goods firms under Nigerian Exchange Group (NGX). The sample for this study comprised of forty (40) respondents selected from each of the three chosen consumer goods companies, totaling One hundred and twenty (120) respondents. The study adopted both purposive and stratified random sampling techniques. Primary data was collected through electronic questionnaires distributed via Google Forms. Descriptive statistical tools, including measures of central tendency such as mean, and measures of variability such as standard deviation, was employed for data analysis. Findings: The result of the analysis reveal that: (i) with the result of hypothesis one; the results revealed that F-statistics stands at 3.478 with a p-value < than 0.05 at 0.033. This implies that the positive effect of supplier relationship management on financial sustainability of listed consumer gods firms is significant. (ii) For hypotheses two, the results revealed that F-statistics stands at 3.133 with a p-value < than 0.05 at 0.04. This implies that the positive effect of lean supply chain practices on financial sustainability of listed consumer gods firms is significant. Originality/ Value: No research was found regarding the sustainable supply chain management practices and financial sustainability during the time period of 2024. Conclusion and Recommendations: The study concluded that sustainable supply chain management practices enhance financial sustainability of consumer goods firms in Nigeria. The study recommended that firms should prioritize building strong relationships with suppliers, integrate sustainability considerations into their operations, implement lean supply chain practices, strengthen internal controls to mitigate fraud risk, invest in employee training, foster collaboration and knowledge sharing, and regularly monitor and evaluate performance.

EXAMINING THE INTEGRATION OF INDUSTRY 4.0 TECHNOLOGIES IN MANUFACTURING

The integration of Industry 4.0 technologies is transforming manufacturing, enhancing efficiency, flexibility, and sustainability. This research paper explores the application of key technologies such as artificial intelligence (AI), the Internet of Things (IoT), and big data analytics in the sector. By analyzing a comprehensive dataset that includes supply chain metrics from major corporations like Apple, Amazon, and Google, the study examines the impact of Industry 4.0 practices on critical supply chain performance indicators, including inventory turnover ratio, lead time, and customer satisfaction. Industry 4.0 technologies are reshaping supply chain management (SCM) strategies such as lean manufacturing, agile SCM, and cross-docking. AI and block chain are shown to significantly enhance supply chain agility and resilience. Companies that integrate these technologies tend to have more streamlined operations, shorter lead times, and higher customer satisfaction rates. Environmental sustainability practices are becoming increasingly important as businesses strive for more eco-friendly manufacturing processes. The study finds that organizations employing agile supply chain practices and leveraging advanced technologies often demonstrate superior operational efficiency and financial performance. The integration of these technologies also introduces challenges, such as increased supply chain complexity and risk management concerns. This paper provides a comprehensive overview of how Industry 4.0 technologies are revolutionizing manufacturing and supply chain dynamics. It highlights the future trajectory of smart manufacturing and emphasizes the need for continued innovation to address emerging challenges. The research offers insights into how companies can adapt their supply chain strategies to thrive in the evolving landscape of digital transformation and automation.

Fostering Environmental Performance through Green Supply Chain Practices: Empirical Evidence from Manufacturing Firms in Pakistan

Achieving sustainable performance is a challenging but useful tool for firms in this competitive environment. The literature highlights several avenues to address sustainable performance, but there is a lack of emphasis on common practices and strategies. This study examines the role of green initiatives, specifically eco-design, green purchasing and reverse logistics, in addressing environmental performance. Practice-based view theory is used to evaluate the influence of these common green practices on a firm's environmental performance. A total of 214 participants were approached to participate in this study and data analysis was conducted using AMOS. The findings reveal a significant and positive impact of ecodesign, green purchasing and reverse logistics on environmental performance. This study provides implications for practitioners, policymakers and academics regarding environmentally oriented business operations that could better serve manufacturing firms. Additionally, firms are encouraged to focus on easily imitable, easy-to-transfer and easy-to-understand practices to address sustainable performance.

A tactical carcass optimisation tool for assisting boning room managers to increase boning room profit

In collaboration with Australian lamb supply chains, an integer linear programming model was developed for use by processors to optimally allocate carcasses to different cutting plans for implementation in a boning room on a daily or lot basis. This tactical carcass optimisation tool (TCOT) address the daily challenge of developing operational plans to process carcasses into products whilst maximising profitability subject to constraints on carcass availability, variability of carcass weight and fatness, number of product orders, product size and retail prices. Predicted weights for all available products were derived from cut-weight prediction algorithms established from the combination of carcass weight and fatness ranges. Carcass fatness was expressed as lean meat yield percentage (LMY%) and measured using dual-energy X-ray absorptiometry (DXA) of hot carcasses immediately after slaughter. The TCOT utilises a group-based labour cost model which closely aligns with real-world supply chain practices. The function and application of the optimisation tool were tested in two contrasting case studies. The first case study demonstrated the ability of the optimiser to allocate carcasses to optimal cutting plans based on carcass weight and LMY%. The second case study examined the potential value of the tool for processors supplying lamb into the Australian domestic lamb market and subject to the constraints applied, demonstrated opportunities to increase profitability by at least 1 % compared to current best practice. This work provides a pathway whereby objective carcass measurement technology, combined with carcass sortation and optimisation algorithms, can be leveraged to improve profitability for the lamb supply chain.

Supply Chain Management Construction: The Role of IoT in Human Resource Management and Green Logistics

Environmental practices are incorporated into the supply chain management and logistic process of human resource management. It is referred to as a green logistics supply chain. To reduce the negative effects of logistical activities on the environment, sustainable transportation, eco-friendly packaging, and effective waste management techniques are used. Adopting environmentally conscious supply chain practices can improve a company's environmental reputation while lowering carbon emissions, increasing operational effectiveness, and saving money on human resource management. In order to adopt sustainable practices across every aspect of the value chain, from acquiring raw materials to delivering completed items to clients, this strategy necessitates coordination across stakeholders in the supply chain management and logistic process. In general, using a green logistic supply chain is a crucial approach for companies looking to grow sustainability while reducing their environmental impact. Using IoT in human resource management can boost operational effectiveness, cut down on transportation expenses, and boost customer satisfaction. For instance, current information on inventory levels, the quality of goods, and shipment status can be provided by smart sensors and devices, allowing businesses to optimize the way they manage their supply chains and reduce waste in human resource management.

The utilization of Industry 4.0 technologies to enhance the circular economy through the engagement of stakeholders in Brazilian food technology companies

AbstractSustainable business models tend to have greater potential for the transition to the circular economy. The present study aims to investigate how Brazilian startups in the food segment foodtech are integrating Industry 4.0 technologies to boost the circular economy, emphasizing the importance of stakeholder engagement in the process. The choice of this unit of analysis is associated with companies that were born recently, with a high chance of having sustainable and circular business models. The research involved eight food technology startups, using questionnaires, interviews, and content analysis to collect data on circular supply chain practices, Industry 4.0 technologies adopted, and the level of stakeholder engagement. The results indicate that foodtech startups are progressively incorporating technologies such as automation, big data, biotechnology, and the Internet of Things, to promote circular economy initiatives. The active participation of stakeholders has been fundamental, contributing to innovation and efficiency in processes. However, the complete transition to the circular economy and the full adoption of Industry 4.0 technologies are challenged by obstacles, including high costs and regulatory barriers. The study found that startups play a crucial role in this transition, due to their agility and capacity for innovation, which can serve as an example for larger companies. Collaboration between businesses, regulators, academic institutions, and society is essential to overcome these challenges and facilitate effective transformation. This work offers valuable practical insights for foodtech startups looking to adopt circular practices, highlighting technologies, and practices that can result in economic and environmental benefits. Startups emerge not only as adopters of new technologies but also as agents of change in industrial practices, shaping a more sustainable future for the food sector. It is recommended that future research explore the impact of regulatory policies and incentives on accelerating the adoption of these technologies by startups, in addition to evaluating the long‐term economic viability of these technological innovations in promoting a more circular economy.