DOES CIRCULAR INFRASTRUCTURE ACTUALLY GENERATE RESILIENCE? EVIDENCE ON THE FULL MEDIATING ROLE OF DYNAMIC CAPABILITIES
DOI:
https://doi.org/10.62985/j.huit_ojs.vol26.no3E.492Từ khóa:
Circular economy practices, industrial symbiosis, supply chain resilience, supply chain flexibility, supply chain cooperation, dynamic capability theory.Tóm tắt
Amid global supply chain disruptions, Circular Economy Practices and Industrial Symbiosis (CEP/IS) have emerged as main strategies for achieving sustainable development. However, the actual impact of CEP/IS on Supply Chain Resilience (SCRES) remains highly debated: on the one hand, CEP/IS diversifies resource supplies; on the other hand, its tight physical interconnectedness poses a risk of triggering cascading failures when a single node is disrupted. To decode this paradox, this study integrates the Natural Resource-Based View (NRBV) and Dynamic Capability Theory (DCT) to propose and empirically test the mediating roles of Supply Chain Flexibility (F) and Supply Chain Cooperation (C). Applying the PLS-SEM algorithm to a survey dataset of 326 small and medium-sized manufacturing enterprises (SMEs) in Vietnam, the results indicate that CEP/IS alone exerts no statistically significant direct impact on SCRES. Instead, F and C serve as full mediators in this relationship. This finding yields a vital theoretical contribution: CEP/IS is merely a prerequisite; a CEP/IS network only exerts an effective defensive mechanism when organizations actively utilize it as a springboard to cultivate core capabilities of flexibility and cooperation. Practically, this study provides strategic directions for SMEs in emerging economies to shift their focus from investing solely in physical assets to building intangible capabilities for business continuity during crises.
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