Improving organizational performance: the role of supply chain 4.0 and financing in reducing supply chain risk

Document Type : Original Article

Authors

1 Prof., Department of Industrial Management, Faculty of Management, University of Tehran, Tehran, Iran.

2 Ph.D. Candidate, Department of Industrial Management, Faculty of Management, University of Tehran, Tehran, Iran.

Abstract

This research examines the impact of supply chain 4.0 and advanced financing strategies on organizational performance in the export sector of the food industry. We focus on the pivotal role of supply chain risk, which acts as an intermediary. The fast-paced and complex nature of the current business landscape presents organizations with multiple supply chain management challenges. Studying 133 dynamic supply chains, we used SMARTPLS3 software to analyze the data. Key findings show the significant impact of modern financial practices and supply chain 4.0 technologies on supply chain risks. This study confirms that supply chain 4.0 enhances organizational performance, but this improvement significantly depends on its interaction with supply chain risks. This emphasizes the importance of risk management in exploiting the full potential of the technologies used in the supply chain. Furthermore, while supply chain risk directly affects organizational performance, its role as a mediator between supply chain financing and performance is not as influential. This insight shifts the focus to stand-alone risk management strategies rather than seeing them simply as intermediaries. Our findings provide valuable guidance for the food export industry and highlight the need to integrate advanced technologies and financial strategies, with a strong emphasis on risk management. This study not only enriches the understanding of Supply Chain 4.0 but also serves as a strategic plan for supply chain professionals in the food industry and improves organizational performance.

Keywords

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References

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History

  • Receive Date: 09 January 2024
  • Revise Date: 02 March 2024
  • Accept Date: 11 March 2024

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