Supply Chain Performance and Blockchain Technology of the Manufacturing Sector in Thailand

Abstract

This research intends to model the mediating impacts of favourable conditions and innovativeness in blockchain technology on manufacturing supply chain performance. Partial least squares structural equation modelling was utilised to test the goodness of the model fit and assumptions by applying Smart partial least squares structural equation modelling data was acquired from 383 managers in Thailand’s automotive industry utilising a stratified random sampling technique. Blockchain technology, a favourable environment, and innovativeness substantially boosted the manufacturing supply chain performance. Therefore, the mediation between favourable conditions and innovativeness in blockchain technology adoption was considerable in the manufacturing supply chain performance. The introduction of digital technology to improve the manufacturing supply chain performance can assist organisations in decreasing the cost of complicated procurement, production, and distribution processes through secured and efficient operations. To properly leverage the benefits of modern technologies, organizations also need to create an environment that encourages experimentation, teamwork, and the investment of resources in technological developments. To ascertain the manufacturing supply chain performance in accordance with the resource-based view theory, this study created a research model that integrated blockchain technology, conducive conditions, and innovativeness. The study's findings may aid businesses in creating a framework that incorporates innovation to enhance supply chain performance.