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Aerospace supply chains using blockchain technology: implications for sustainable development goals.

Authors :
Ibrahim, Azian
Fernando, Yudi
Shaharudin, Muhammad Shabir
Ganesan, Yuvaraj
Ahmad, Noor Hazlina
Amran, Azlan
Lee, Khai Loon
Source :
Foresight. 2024, Vol. 26 Issue 3, p470-486. 17p.
Publication Year :
2024

Abstract

Purpose: The interconnectedness of supply chain processes in the aerospace industry requires companies to operate with excellence and the ability to provide robust technologies such as blockchain technology (BCT) to aid supply chain productivity. This paper aims to examine the existing practices of aerospace supply chain management, identify how BCT is used in the aerospace supply chain and whether it affects environmental sustainability. Design/methodology/approach: The qualitative research approach was used, and an online interview with informants was undertaken to collect data. Findings: The findings demonstrate that BCT has a diverse function in achieving sustainable development goals. Practical implications: The manufacturing sector can be strengthened by successfully deploying BCT in aerospace supply chain management. It contributes to achieving sustainable development objectives by introducing transparency to the system and bolstering market position. BCT enables organisations to gain a competitive edge by attaining innovative operational excellence in the face of the complexity of the supply chain environment. Originality/value: The findings can serve as a guide for anticipating the effectiveness of BCT in aerospace supply chain management. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
14636689
Volume :
26
Issue :
3
Database :
Academic Search Index
Journal :
Foresight
Publication Type :
Academic Journal
Accession number :
178562619
Full Text :
https://doi.org/10.1108/FS-06-2023-0110