The Circular Economy Advantage and Implications on Sustainability Performance: Collaborative Advantage and Impact of CE Implementation

2021 ◽  
pp. 63-66
Author(s):  
Stella Despoudi ◽  
Uthayasankar Sivarajah ◽  
Manoj Dora
Keyword(s):  
Circular Economy ◽  
Collaborative Advantage ◽  
Sustainability Performance

scholarly journals Implementation of Circular Economy Technologies: An Empirical Study of Slovak and Slovenian Manufacturing Companies

2021 ◽  
Vol 13 (22) ◽  
pp. 12518
Author(s):  
Juraj Šebo ◽  
Miriam Šebová ◽  
Iztok Palčič
Keyword(s):  
Circular Economy ◽  
Statistical Tests ◽  
Public Awareness ◽  
Environmental Issues ◽  
Manufacturing Industries ◽  
Batch Size ◽  
Manufacturing Companies ◽  
Sustainability Performance ◽  
Surprising Finding ◽  
The Eu

Circular Economy (CE) practices and technologies are essential for increasing sustainability performance in manufacturing. Due to the increasing number of environmental regulations and growing public awareness of environmental issues, especially in the EU, CE is increasingly seen as a valuable factor in improving competitiveness. Therefore, there is a need for a fuller understanding of the ways in which CE technologies can be implemented into the manufacturing industries. The aim of this paper is to contribute to the identification of the characteristics of manufacturing companies and their perceptions of the barriers to the adoption of CE technologies. This survey-based study of 241 manufacturing companies (comprising a sub-sample of Slovak and Slovenian companies from the more extensive European Manufacturing Survey) uses a series of statistical tests to examine the implementation of three CE technologies. The results show that there is significant relationship between the adoption of CE technologies in manufacturing companies and their size, location, R&D activities, company age and product batch size. Finally, the research reveals the surprising finding that there is no apparent link between the perception of CE barriers and the plans of companies to implement selected CE technologies.

scholarly journals Interval Type-2 Fuzzy Super SBM Network DEA for Assessing Sustainability Performance of Third-Party Logistics Service Providers Considering Circular Economy Strategies in the Era of Industry 4.0

2021 ◽  
Vol 13 (11) ◽  
pp. 6497
Author(s):  
Mahsa Pishdar ◽  
Masoumeh Danesh Shakib ◽  
Jurgita Antucheviciene ◽  
Arvydas Vilkonis
Keyword(s):  
Supply Chain ◽  
Circular Economy ◽  
Industry 4.0 ◽  
Service Providers ◽  
Third Party ◽  
Third Party Logistics ◽  
Network Dea ◽  
Sustainability Performance ◽  
Interval Type

Stakeholders are increasingly aware of the aspect of sustainability, and the fact that the circular economy facilitates the achievement of sustainable development goals. They place pressure on supply chains to become sustainable, and for this reason, third-party logistics (3PL) service providers, as specialized professionals, play a vital role in sustainable supply chain management. Although developments in technology in the era of Industry 4.0 have been effective at directing 3PLs along the path towards sustainability, integrated management of forward and reverse logistics systems in order to achieve a circular economy and to become sustainable remains a problem, even in developed countries. However, benchmarking and using the experiences of others can help to speed up this path at a minimal cost. An interval type-2 fuzzy super-slack-based measure network DEA was developed to make such benchmarking possible. Governance style, staff behavior, environmental management systems, and social elements are considered, alongside the principles of the circular economy, in order to compare the sustainability performance of 17 3PLs with respect to different aspects through the application of the developed DEA model. Proper benchmarking with respect to strategies and operations of the 3PLs that are recognized as efficient makes it possible for these 3PLs to overcome obstacles and progress at a lower cost. The results show that 3PLs do not have a comprehensive sustainability strategy that is coordinated with an overall vision of the total supply chain. An investigation into the development of a framework with multiple steps for the guidance of 3PLs, as well as the whole supply chain, towards sustainability in the Industry 4.0 era would be a fruitful next study.

scholarly journals A Procedure to Support Systematic Selection of Leading Indicators for Sustainability Performance Measurement of Circular Economy Initiatives

2020 ◽  
Vol 12 (3) ◽  
pp. 951 ◽  
Author(s):  
Mariia Kravchenko ◽  
Daniela C. A. Pigosso ◽  
Tim C. McAloone
Keyword(s):  
Circular Economy ◽  
Business Processes ◽  
Selection Process ◽  
Selection Procedure ◽  
Resource Scarcity ◽  
Sustainability Performance ◽  
Study Approach ◽  
Corporate Context ◽  
Systematic Selection ◽  
Selection Of

Circular economy (CE) is considered a vital model to tackle resource scarcity and reduce waste by promoting strategies that redefine production and consumption systems. Industrial actors integrate CE principles in their strategic and operational practices to overcome these challenges, simultaneously aiming at enhancing their sustainability performance. Despite numerous frameworks to guide organizations in innovating towards CE, very few have embedded explicit sustainability considerations to assist practitioners in understanding the potential sustainability performance of the CE initiatives early in the development process. To assist a structured process of measuring sustainability performance, the main goal of this paper is to propose a procedure for a systematic selection of suitable leading performance indicators to support an informed sustainability-oriented decision-making process. To fulfill this aim, a hypothetical-deductive approach has been followed to, firstly, develop the selection procedure, and secondly, evaluate and improve it using a case study approach. The findings reveal that the procedure enables a systematic selection of relevant indicators by taking into account the manifold combinations of CE strategies and business processes, characteristics of the company and its sustainability objective. Different from many other approaches, the novelty lies in relying on a dynamic, as opposed to ‘prescriptive’, indicator selection process to induce learning about sustainability considerations significant for a particular CE initiative and corporate context.

Development trends of circular economy: Case study of Ukraine

2017 ◽  
pp. 51-66
Author(s):  
Tamara Merkulova ◽  
Kateryna Kononova ◽  
Olena Titomir
Keyword(s):  
Circular Economy ◽  
Development Trends

Transitioning Business for a Circular Economy

2019 ◽  
Vol 2 (1) ◽  
Author(s):  
Susan EVANS
Keyword(s):  
Professional Practice ◽  
Circular Economy ◽  
Radical Change ◽  
Virtual Space ◽  
Professional Experience ◽  
Operational Model ◽  
New Vision ◽  
To Come ◽  
Space Requirements

This case study explores the strategic business opportunities, for Lane Crawford, an iconic luxury department store, to transition in a circular economy towards sustainability. A new experimentation framework was developed and conducted among cross departmental employees, during a Design Lab, with intention to co-create novel Circular Economy business concepts towards a new vision: the later was a reframe of the old system based on the principles of sustainability; to move beyond a linear operational model towards a circular economy that can contribute to a regenerative society. This work draws on both academic and professional experience and was conducted through professional practice. It was found that innovative co-created concepts, output from the Design Lab, can create radical change in a circular economy that is holistically beneficial and financially viable; looking forward to extract greater value a)Internal organization requires remodeling to transform towards a circular economy; b)Requirement for more horizonal teams across departments vs solely vertical; c)New language and relationships are required to be able to transition towards a circular economy; d)Some form of physical and virtual space requirements, for cross-disciplinary teams to come together to co-create; e)Ability to iterate, learn and evolve requires agency across the business

European experience in transition to circular economy

2020 ◽  
Vol 19 (4) ◽  
pp. 598-617 ◽  
Author(s):  
S.V. Ratner
Keyword(s):  
European Union ◽  
Circular Economy ◽  
Raw Materials ◽  
Action Plan ◽  
National Level ◽  
The European Union ◽  
Scientific Methods ◽  
European Experience ◽  
General Scientific ◽  
The Eu

Subject. The article considers the concept of circular economy, which has originated relatively recently in the academic literature, and is now increasingly recognized in many countries at the national level. In the European Union, the transition to circular economy is viewed as an opportunity to improve competitiveness of the European Union, protect businesses from resource shortages and fluctuating prices for raw materials and supplies, and a way to increase employment and innovation. Objectives. The aim of the study is to analyze the incentives developed by the European Commission for moving to circular economy, and to assess their effectiveness on the basis of statistical analysis. Methods. I employ general scientific methods of research. Results. The analysis of the EU Action Plan for the Circular Economy enabled to conclude that the results of the recent research in circular economy barriers, eco-innovation, technology and infrastructure were successfully integrated into the framework of this document. Understanding the root causes holding back the circular economy development and the balanced combination of economic and administrative incentives strengthened the Action Plan, and it contributed to the circular economy development in the EU. Conclusions. The measures to stimulate the development of the circular economy proposed in the European Action Plan can be viewed as a prototype for designing similar strategies in other countries, including Russia. Meanwhile, a more detailed analysis of barriers to the circular economy at the level of individual countries and regions is needed.

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