Structural Equation Modeling of Digital Management, Resilience, and the Concept of Circular Economy Influencing the Supply Chain Sustainability of Food and Beverage Industry in Thailand
DOI:
https://doi.org/10.53848/jlsco.v12i1.276371Keywords:
Digital transformation, Supply chain resilience, Supply chain sustainability, Food and beverage industryAbstract
This research aims to study the levels of digital management, supply chain resilience, and the concept of the circular economy, as well as to examine the direct and indirect influences on the sustainability of the food and beverage industry supply chain in Thailand. A mixed-methods approach was employed, combining both qualitative and quantitative research methods. The qualitative method involved in-depth interviews with 12 executives, academics, and representatives from relevant associations, which were then subjected to content analysis. Meanwhile, the quantitative research method involved distributing questionnaires to a stratified random sample of 320 factory executives from a total population of 7,396 factories, followed by data analysis using causal relationship studies and structural equation modeling. The results of the research in accordance with the first objective revealed that digital management, supply chain resilience, the concept of the circular economy, and supply chain sustainability are all at a high level. The findings related to the second objective indicated that: 1) digital management, supply chain resilience, and the concept of the circular economy have a positive direct influence on supply chain sustainability; and 2) digital management has a positive indirect influence on supply chain sustainability, mediated by supply chain resilience and the concept of the circular economy. Additionally, the qualitative findings suggested that strategies for enhancing supply chain sustainability should prioritize effective digital management, the development of resilience, and the circular economy concept. In conclusion, the research findings can be utilized for strategic teamwork to formulate policies that support investment, assess customer feedback for the development of capabilities towards becoming a digitally driven organization. This entails establishing a clear direction in personnel development, big data analysis, and fostering workplace resilience, which will contribute to increasing the return on asset utilization, enhancing profit margins, and sustainably increasing the market share of operators.
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