Integrating Circular Economy and Blockchain Technology for Sustainable Supply Chain Development in Thai Modern Retail: A Literature Synthesis and Future Research Agenda
Keywords:
Circular Economy, Blockchain, Sustainable Supply Chain, Modern Retail, ESG; Developing EconomyAbstract
Background: Modern retail supply chains in developing economies face mounting ESG compliance pressures alongside persistent transparency and resource-efficiency deficits. Circular Economy (CE) principles and Blockchain technology have been proposed as complementary interventions; yet integrated frameworks tailored to this context remain absent from the literature. Method: This review synthesises peer-reviewed studies published between 2019 and 2025, identified through structured searches of Scopus and Web of Science using CE–Blockchain–supply chain keywords and screened against explicit inclusion criteria. Findings: Blockchain consistently functions as a trust infrastructure that enhances CE effectiveness through traceability and smart contracts, operating at operational, organisational, and ecosystem levels. Evidence is concentrated in developed-economy and sector-specific contexts. Four critical research gaps are identified: the absence of a systemic framework for developing-economy retail supply chains; limited understanding of CE–Blockchain adoption determinants in Thailand; sparse empirical measurement of specific ESG indicator impacts; and insufficient public policy analysis. Agenda: A five-directional future research agenda is proposed, progressing from framework development through empirical testing to policy design, providing a structured roadmap for scholars, practitioners, and policymakers pursuing sustainable retail supply chain transformation.
References
Chen, J., Abdul-Hamid, A.-Q., & Zailani, S. (2024). Blockchain adoption for a circular economy in the Chinese automotive industry: Identification of influencing factors using an integrated TOE-TAM model. Sustainability, 16(24), 10817. https://doi.org/10.3390/su162410817
Elkington, J. (1997). Cannibals with forks: The triple bottom line of 21st century business. Capstone.
Geissdoerfer, M., Savaget, P., Bocken, N., & Hultink, E. (2017). The circular economy – A new sustainability paradigm? Journal of Cleaner Production, 143, 757–768. https://doi.org/10.1016/j.jclepro.2016.12.048
Global Reporting Initiative. (2021). GRI Standards. GRI. https://www.globalreporting.org/standards/
Meier, O., Gruchmann, T., & Ivanov, D. (2023). Circular supply chain management with blockchain technology: A dynamic capabilities view. Transportation Research Part E: Logistics and Transportation Review, 176, 103177. https://doi.org/10.1016/j.tre.2023.103177
Mukherjee, S., Panigrahi, R. R., Sharma, R., & Shrivastava, A. K. (2025). Advancing circular economy performance through blockchain adoption: A study using institutional and resource-based frameworks. Sustainable Futures, 8, 100521. https://doi.org/10.1016/j.sftr.2025.100521
Nandi, S., Sarkis, J., Hervani, A. A., & Helms, M. M. (2021). Redesigning supply chains using blockchain-enabled circular economy and COVID-19 experiences. Sustainable Production and Consumption, 27, 10–22. https://doi.org/10.1016/j.spc.2020.10.019
Pakseresht, A., Ahmadi Kaliji, S., & Xhakollari, V. (2022). How blockchain facilitates the transition toward circular economy in the food chain? Sustainability, 14(18), 11754. https://doi.org/10.3390/su141811754
Rejeb, A., Appolloni, A., Rejeb, K., Treiblmaier, H., Iranmanesh, M., & Keogh, J. G. (2023). The role of blockchain technology in the transition toward the circular economy: Findings from a systematic literature review. Resources, Conservation & Recycling Advances, 17, 200126. https://doi.org/10.1016/j.rcradv.2022.200126
Saberi, S., Kouhizadeh, M., Sarkis, J., & Shen, L. (2019). Blockchain technology and sustainable supply chains. International Journal of Production Research, 57(7), 2117–2135. https://doi.org/10.1080/00207543.2018.1533261
Schmidt, J. L., Sehnem, S., & Spuldaro, J. D. (2024). Blockchain and the transition to the circular economy: A literature review. Corporate Social Responsibility and Environmental Management, 31(3), 2010–2032. https://doi.org/10.1002/csr.2674
Task Force on Climate-related Financial Disclosures (TCFD). (2017). Recommendations of the Task Force on Climate-related Financial Disclosures. https://assets.bbhub.io/company/sites/60/2021/10/FINAL-2017-TCFD-Report.pdf
Upadhyay, A., Mukhuty, S., Kumar, V., & Kazancoglu, Y. (2021). Blockchain technology and the circular economy: Implications for sustainability and social responsibility. Journal of Cleaner Production, 293, 126130. https://doi.org/10.1016/j.jclepro.2021.126130
Yontar, E. (2023a). Critical success factor analysis of blockchain technology in agri-food supply chain management: A circular economy perspective. Journal of Environmental Management, 330, 117173. https://doi.org/10.1016/j.jenvman.2022.117173
Yontar, E. (2023b). The role of blockchain technology in the sustainability of supply chain management: Grey based DEMATEL implementation. Cleaner Logistics and Supply Chain, 8, 100113. https://doi.org/10.1016/j.clscn.2023.100113
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2026 International Accounting and Management Science Journal (IAMSJ)

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
Articles in this journal are copyrighted by the x may be read and used for academic purposes, such as teaching, research, or citation, with proper credit given to the author and the journal.use or modification of the articles is prohibited without permission.
statements expressed in the articles are solely the opinions of the authors.
authors are fully responsible for the content and accuracy of their articles.
other reuse or republication requires permission from the journal."