With growing external uncertainty, supply chain resilience has become a critical capability determining the survival and development of energy companies. The synergy between digitalization and green initiatives offers energy companies a new pathway to reshape their supply chain resilience. Based on panel data from Chinese listed traditional energy companies from 2011 to 2024, this paper empirically examines the impact, mechanisms, and boundary conditions of digital-green synergy (for short, DGS) on supply chain resilience (for short, SCR). The study finds that DGS significantly enhances the SCR of energy companies. Mechanism tests indicate that DGS enhances the SCR of energy enterprises through three pathways: precise risk perception, agile dynamic response, and knowledge spillovers and substitution. Moderation analysis reveals that supply chain finance, supply chain disruption risk, and supply chain bargaining power all positively moderate the relationship between the two. Heterogeneity analysis finds that the positive effects of DGS are more pronounced in state-owned enterprises and high-carbon energy enterprises. The findings provide policy implications for energy enterprises seeking to advance DGS practices and enhance SCR.
Zhang et al. (Wed,) studied this question.