Renewable energy technology adoption in building a sustainable circular supply chain and managing renewable energy-related risk

Rahul Mishra (), Rakesh D. Raut (), Mukesh Kumar (), B. Koteswara Rao Naik () and Sunil Luthra ()
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Rahul Mishra: National Institute of Industrial Engineering (NITIE), Operations and Supply Chain Management
Rakesh D. Raut: National Institute of Industrial Engineering (NITIE), Operations and Supply Chain Management
Mukesh Kumar: National Institute of Technology Patna, Department of Mechanical Engineering
B. Koteswara Rao Naik: National Institute of Industrial Engineering (NITIE), Operations and Supply Chain Management
Sunil Luthra: AICTE Training and Learning (ATAL) Academy, All India Council for Technical Education (AICTE)

Annals of Operations Research, 2025, vol. 355, issue 1, No 24, 667-692

Abstract: Abstract The global initiatives promoting logistics electrification, carbon neutralisation, and energy transition collectively expose the current supply chains to unprecedented energy-related issues. Being a green, independent, and secure alternative energy source, renewable energy technology (RET) enables organisations to impart resilience and fortify the circularity of the business ecosystem. However, the literature exploring the role of RET in shaping sustainable and circular supply chains (SCSC) is scarce, particularly in mitigating energy-related risks. In this context, the study identifies seven constructs from the literature that describe various aspects of RET adoption in developing SCSCs. A research framework grounded in the unified theory of acceptance and use of technology (UTAUT) was developed to examine the relationship between these established constructs. The research model was then empirically validated by applying structural equation modeling to the responses obtained from 451 supply chain experts in India. The findings uphold the hypothesized relationships between all the identified constructs and the supply chain practitioners’ intentions to embrace RET. Our research indicates that building awareness of the potential benefits of RET against disruptions, participating in energy-resilient practices, and promoting business models deploying environment-friendly technology will foster sustainability and circularity in the supply chain operations. The study offers supply chain managers a collection of constructs that positively and substantially influence RET adoption, which may serve as a set of guidelines for increasing sustainability and circularity in the conventional supply chain. Furthermore, this study advances the literature concerning RET adoption intention and its strategic usefulness in managing business energy security and creating sustainable circular supply chains.

Keywords: Renewable energy technology (RET); Sustainable and circular supply chain (SCSC); UTAUT; Energy risk (search for similar items in EconPapers)
Date: 2025
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DOI: 10.1007/s10479-023-05476-2

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