Revolutionizing Retail: Examining the Influence of Blockchain-Enabled IoT Capabilities on Sustainable Firm Performance
Abstract
:1. Introduction
- Does retail blockchain- enabled IOT(BIOT) significantly affect SCI, SLC, and SFP?
- Does retail blockchain-enabled SCI significantly affect SFP and SLC?
- Do SLC and SCI as mediators influence the relationship between BIOT and SFP?
- Does SLC have a mediating role in impacting SCI’s effect on SFP?
2. Literature Review
3. Retail Industry IOT, Supply Chain Integration, Sustainable Logistic Capabilities, and Blockchain
4. Hypotheses Development
4.1. Blockchain-Enabled IOT (BIOT), BC-Enabled SC Integration (SCI), and Sustainable Firm Performance (SFP)
4.2. BC-Enabled SCI as a Mediator between BIOT and SFP
4.2.1. Sustainable Logistic Capabilities, Blockchain-Enabled IOT Capabilities, and Sustainable Firm Performance
4.2.2. Blockchain-Enabled Supply Chain Integration, Sustainable Logistic Capabilities, and Sustainable Firm Performance
5. Methodology
Sampling Techniques and Measures
6. Data Analysis Procedure
6.1. Demographic Analysis
6.2. Measurement Model Assessment
6.3. Structural Model Assessment
6.4. Direct Effect
6.5. Mediation Effect
7. Discussion and Conclusions
8. Managerial Implications
9. Regarding Theoretical Implication
Blockchain-Enabled Supply Chain and Sustainable Development Goals (SDGs)
10. Recommendations
11. Limitations and Future Research Directions
Author Contributions
Funding
Institutional Review Board Statement
Informed Consent Statement
Data Availability Statement
Conflicts of Interest
References
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Demographic | Details | No. of Appearance | Percentage | Total |
---|---|---|---|---|
Age | 25–30 | 129 | 33.5 | 385 |
30–35 | 197 | 51.1 | ||
35 and above | 59 | 15.4 | ||
Gender | Female | 37 | 9.6 | 385 |
Male | 348 | 90.3 | ||
Qualification | Undergraduate | 178 | 46.2 | 385 |
Masters | 207 | 53.8 | ||
PhD | 0 | 0 | ||
Working Experience | <5 years | 153 | 39.7 | 385 |
>5 years | 232 | 60.3 | ||
Employment Level | Supervisor | 53 | 13.7 | 385 |
Assistant Manager | 85 | 22 | ||
Manager | 165 | 42.8 | ||
Above Manager | 82 | 21.2 | ||
Number of employees | Less than 50 | 194 | 50.3 | 385 |
More than 50 | 142 | 36.8 | ||
Above 100 | 49 | 12.7 | ||
Retail company type | Non specialized stores (General) | 45 | 11.6 | 385 |
Specialized stores (Fruits, medicine, etc.) | 41 | 10.6 | ||
Drinks, Beverages and Tobacco stores | 85 | 22 | ||
Textile, Clothing and Footwear | 119 | 31 | ||
Fuel and Auto Lubricants | 65 | 17 | ||
Household stores (Furniture, Hardware, Sanitary equipment and gardening) | 30 | 7.8 |
Variables | Construct | Factor Loading | α | CR | AVE |
---|---|---|---|---|---|
Blockchain-enabled IOT Capability | BIOT 3 | 0.714 | 0.859 | 0.860 | 0.542 |
BIOT 4 | 0.750 | ||||
BIOT 5 | 0.740 | ||||
BIOT 6 | 0.759 | ||||
BIOT 7 | 0.748 | ||||
BIOT 8 | 0.743 | ||||
BIOT 9 | 0.695 | ||||
SC Supplier integration | SCSI 1 | 0.876 | 0.893 | 0.902 | 0.757 |
SCSI 2 | 0.898 | ||||
SCSI 3 | 0.908 | ||||
SCSI 4 | 0.793 | ||||
SC Internal Integration | SCII 1 | 0.884 | 0.933 | 0.937 | 0.834 |
SCII 2 | 0.937 | ||||
SCII 3 | 0.921 | ||||
SCII 4 | 0.909 | ||||
SC Customer Integration | SCCI 1 | 0.755 | 0.775 | 0.777 | 0.598 |
SCCI 2 | 0.736 | ||||
SCCI 3 | 0.812 | ||||
SCCI 4 | 0.787 | ||||
Sustainable Logistic capabilities | LC 1 | 0.805 | 0.925 | 0.925 | 0.656 |
LC 2 | 0.802 | ||||
LC 3 | 0.828 | ||||
LC 4 | 0.835 | ||||
LC 5 | 0.782 | ||||
LC 6 | 0.801 | ||||
LC 7 | 0.805 | ||||
LC 8 | 0.818 | ||||
Sustainable Firm performance | FP 1 | 0.850 | 0.949 | 0.95 | 0.736 |
FP 2 | 0.883 | ||||
FP 3 | 0.821 | ||||
FP 4 | 0.874 | ||||
FP 5 | 0.840 | ||||
FP 6 | 0.871 | ||||
FP 7 | 0.867 | ||||
FP 8 | 0.854 |
Fornell–Larcker Criterion | BIOT | SFP | SLC | SCCI | SCII | SCSI |
---|---|---|---|---|---|---|
BIOT | 0.736 | |||||
SFP | 0.547 | 0.858 | ||||
SLC | 0.710 | 0.597 | 0.810 | |||
SCCI | 0.622 | 0.463 | 0.627 | 0.773 | ||
SCII | 0.151 | 0.074 | 0.134 | 0.133 | 0.889 | |
SCSI | 0.668 | 0.501 | 0.693 | 0.578 | 0.213 | 0.870 |
HTMT—Matrix | BIOT | SFP | SLC | SCCI | SCII | SCSI |
---|---|---|---|---|---|---|
BIOT | ||||||
SFP | 0.590 | |||||
SLC | 0.794 | 0.634 | ||||
SCCI | 0.766 | 0.537 | 0.739 | |||
SCII | 0.169 | 0.080 | 0.144 | 0.156 | ||
SCSI | 0.757 | 0.544 | 0.757 | 0.691 | 0.236 |
Variables | R-Square | R-Square Adjusted | Q2 Predict |
---|---|---|---|
SFP | 0.394 | 0.386 | 0.347 |
SLC | 0.617 | 0.613 | 0.495 |
SCCI | 0.386 | 0.385 | 0.382 |
SCII | 0.223 | 0.220 | 0.210 |
SCSI | 0.446 | 0.445 | 0.434 |
Hypothesis | Relationship | P-Coefficient | S.D (STDEV) | T Statistics (|O/STDEV|) | p Values | Decision |
---|---|---|---|---|---|---|
H1a | BIOT → SCSI | 0.668 | 0.035 | 9.260 | 0.000 | Supported |
H1b | BIOT → SCII | 0.751 | 0.048 | 3.150 | 0.002 | Supported |
H1c | BIOT → SCCI | 0.622 | 0.039 | 6.052 | 0.000 | Supported |
H5a | BIOT → SLC | 0.356 | 0.051 | 6.943 | 0.000 | Supported |
H5b | BIOT → SFP | 0.194 | 0.091 | 2.134 | 0.033 | Supported |
H5c | SLC → SFP | 0.356 | 0.080 | 4.449 | 0.000 | Supported |
H7a | SCSI → SLC | 0.335 | 0.049 | 6.854 | 0.000 | Supported |
H7b | SCSI → SFP | 0.090 | 0.068 | 2.136 | 0.018 | Supported |
H8a | SCII → SLC | 0.220 | 0.031 | 0.646 | 0.002 | Supported |
H8b | SCII → SFP | 0.231 | 0.042 | 0.755 | 0.004 | Supported |
H9a | SCCI → SLC | 0.216 | 0.058 | 3.748 | 0.000 | Supported |
H9b | SCCI → SFP | 0.072 | 0.080 | 2.902 | 0.036 | Supported |
Hypothesis | Relationships | P-Coefficient | Sample Mean (M) | ST. DEV | T Stat | p Values | Decision |
---|---|---|---|---|---|---|---|
H2 | BIOT → SCSI → SFP | 0.139 | 0.137 | 0.047 | 2.826 | 0.041 | Supported |
H3 | BIOT → SCII → SFP | 0.106 | 0.106 | 0.037 | 2.859 | 0.004 | Supported |
H4 | BIOT → SCCI → SFP | 0.103 | 0.103 | 0.038 | 3.525 | 0.006 | Supported |
H6 | BIOT → SLC → SFP | 0.109 | 0.110 | 0.035 | 3.154 | 0.002 | Supported |
H10 | SCSI → SLC → SFP | 0.105 | 0.105 | 0.030 | 3.501 | 0.000 | Supported |
H11 | SCII → SLC → SFP | 0.058 | 0.058 | 0.018 | 2.728 | 0.017 | Supported |
H12 | SCCI → SLC → SFP | 0.067 | 0.065 | 0.022 | 2.964 | 0.003 | Supported |
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Nazir, H.; Fan, J. Revolutionizing Retail: Examining the Influence of Blockchain-Enabled IoT Capabilities on Sustainable Firm Performance. Sustainability 2024, 16, 3534. https://doi.org/10.3390/su16093534
Nazir H, Fan J. Revolutionizing Retail: Examining the Influence of Blockchain-Enabled IoT Capabilities on Sustainable Firm Performance. Sustainability. 2024; 16(9):3534. https://doi.org/10.3390/su16093534
Chicago/Turabian StyleNazir, Hassan, and Jianqiang Fan. 2024. "Revolutionizing Retail: Examining the Influence of Blockchain-Enabled IoT Capabilities on Sustainable Firm Performance" Sustainability 16, no. 9: 3534. https://doi.org/10.3390/su16093534