Technological Innovation and Circular Economy Practices: Business Strategies to Mitigate the Effects of COVID-19

Sustainability

Nathalie Aguirre-Padilla¹  Pablo Ponce²  Haider Mahmood³  Syed Adeel Ali Shah⁴  Muhammad Tanveer⁵  Syed Abdul Rehman Khan⁶ 

[1] Carrera de Agronegocios, Universidad Técnica Particular de Loja, Loja 11050, Ecuador;Carrera de Economía and Centro de Investigaciones Sociales y Económicas, Universidad Nacional de Loja, Loja 110150, Ecuador;Department of Finance, College of Business Administration, Prince Sattam Bin Abdulaziz University, Alkharj 11942, Saudi Arabia;Department of Supply Chain and Logistics Management, College of Business Management, Karachi 75190, Pakistan;Prince Sultan University, Rafha Street, Riyadh 11586, Saudi Arabia;School of Engineering and Management, Xuzhou University of Technology, Xuzhou 221018, China;

关键词: technology innovation;    supply chain disruption;    digital enterprises;    business data analytics;    firm performance;   

DOI  :  10.3390/su13158479

来源: DOAJ

【 摘 要 】

The Corona Virus Disease 2019 (COVID-19) has been a tough test on companies in the global food sector supply chain, exacerbating the realities and deficiencies it presents in developing economies. This situation has been reflected in the firm’s performance (F.P.) due to the lack of business conditions to respond to the current pandemic. However, in some companies, the adverse effects of COVID-19 have been counteracted due to endowment and technological capabilities. Thus, this study examined the role of technological innovation (T.I.) and business data analytics (B.D.A.) in the F.P. of foods in Ecuador during COVID-19. A questionnaire collected the information from the food firms. Then, Covariance-Based Structural Equation Modeling processed the collected information. We found that (B.D.A.) mechanisms and different levels of T.I. within the developing market significantly shape the F.P. The results showed that the B.D.A. enables circular economy (C.E.) practices and the improvement of product delivery services, which constitutes an improvement of the F.P. The COVID-19 outbreak did not significantly affect T.I., unlike what happened with B.D.A. This study concluded that firms with the most extraordinary technological production processes have been the least affected during COVID-19. This study suggested that policy measures should boost food firms’ technological endowment to improve their resilience in uncertainty and risk scenarios.

【 授权许可】

Unknown