Towards a more circular economy: exploring the awareness, practices, and barriers from a focal firm perspective
Journal article
Authors | Masi, Donato, Kumar, V., Garza-Reyes, J. and Godsell, Janet |
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Abstract | The circular economy (CE) proposes an economic framework based on circular flows of products and materials. Transition towards a CE is underway, therefore, understanding the nature and state of this transition is important for creating effective policies and business strategies. Some studies have focused on specific contexts and pockets of good practice. This exploratory, survey-based study of 77 companies investigates the shift towards the CE using a taxonomy of practices and barriers. Results show that firms favour practices related to resource and energy utilisation efficiency, while practices related to investment recovery, green purchasing and customer cooperation are less prevalent. Eco-design and internal environmental management practices have a medium level of implementation. The significant upfront investment cost, lack of awareness or sense of urgency were identified as implementation barriers. Results suggest the CE is driven by economic not environmental considerations, and the deployment of practices remains within a firm rather than across the supply chain. |
Keywords | Circular economy; Transition; Implementation; Energy utilisation; Resource utilisation |
Year | 2018 |
Journal | Production Planning & Control |
Journal citation | 29 (6), pp. 539-550 |
Publisher | Taylor & Francis |
ISSN | 09537287 |
13665871 | |
Digital Object Identifier (DOI) | https://doi.org/10.1080/09537287.2018.1449246 |
Web address (URL) | https://www.tandfonline.com/doi/full/10.1080/09537287.2018.1449246 |
http://hdl.handle.net/10545/622727 | |
hdl:10545/622727 | |
Publication dates | |
Online | 21 May 2018 |
Publication process dates | |
Accepted | 17 May 2017 |
Deposited | 22 May 2018 |
Rights | Archived with thanks to Production Planning & Control |
Contributors | University of Warwick, University of the West of England, University of Derby, Warwick Manufacturing Group, University of Warwick, Coventry, UK, Bristol Business School, University of the West of England, Bristol, UK, Centre for Supply Chain Improvement, The University of Derby, Derby, UK and Warwick Manufacturing Group, University of Warwick, Coventry, UK |
File | File Access Level Open |
File |
https://repository.derby.ac.uk/item/9464z/towards-a-more-circular-economy-exploring-the-awareness-practices-and-barriers-from-a-focal-firm-perspective
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