Circular value creation: business models and supply chain strategies
This paper aims to advance research on the circular economy, sustainable innovation through adopting a circular business model (CBM), and circular supply chain management (CSCM). The circular economy is gradually acknowledged as promising to attain ecological growth by minimising resource input, was...
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Published in | Environmental science and pollution research international Vol. 30; no. 47; pp. 103898 - 103909 |
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Main Authors | , , , , , |
Format | Journal Article |
Language | English |
Published |
Berlin/Heidelberg
Springer Berlin Heidelberg
01.10.2023
Springer Nature B.V |
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Abstract | This paper aims to advance research on the circular economy, sustainable innovation through adopting a circular business model (CBM), and circular supply chain management (CSCM). The circular economy is gradually acknowledged as promising to attain ecological growth by minimising resource input, waste, emissions and energy loss. This article investigates the environmental efficacy of circular value creation and its implications for business models and supply chain strategies. It intends to incorporate CBM and CSCM for sustainable innovation and ecological growth, relying on a review of the literature and four case analyses. The context identifies five distinct CBM propelling supply chain strategies and sustainable innovation, supply chain loops, which differ in intricacy and worth. The study demonstrates that circular business models (CBM) and circular CSCM models can facilitate organisations in accomplishing ecological objectives. The companies examined in the study have different characteristics, but all face comparable challenges in persuading consumers and suppliers to adopt circular business models and supply chain management. A significant challenge is that customers perceive products made from recycled or remanufactured materials as inferior to traditional products, leading to lower prices despite meeting comparable quality standards. Therefore, we review the current literature on the business model background to technological, organisational and social innovation. Since the existing literature does not provide a general conceptual definition of sustainable innovation and circular business mode for circular supply chain management, we present normative examples of requirements that circular business models should meet to support sustainable innovation. Finally, we outline the research agenda by asking some guiding questions. |
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AbstractList | This paper aims to advance research on the circular economy, sustainable innovation through adopting a circular business model (CBM), and circular supply chain management (CSCM). The circular economy is gradually acknowledged as promising to attain ecological growth by minimising resource input, waste, emissions and energy loss. This article investigates the environmental efficacy of circular value creation and its implications for business models and supply chain strategies. It intends to incorporate CBM and CSCM for sustainable innovation and ecological growth, relying on a review of the literature and four case analyses. The context identifies five distinct CBM propelling supply chain strategies and sustainable innovation, supply chain loops, which differ in intricacy and worth. The study demonstrates that circular business models (CBM) and circular CSCM models can facilitate organisations in accomplishing ecological objectives. The companies examined in the study have different characteristics, but all face comparable challenges in persuading consumers and suppliers to adopt circular business models and supply chain management. A significant challenge is that customers perceive products made from recycled or remanufactured materials as inferior to traditional products, leading to lower prices despite meeting comparable quality standards. Therefore, we review the current literature on the business model background to technological, organisational and social innovation. Since the existing literature does not provide a general conceptual definition of sustainable innovation and circular business mode for circular supply chain management, we present normative examples of requirements that circular business models should meet to support sustainable innovation. Finally, we outline the research agenda by asking some guiding questions. This paper aims to advance research on the circular economy, sustainable innovation through adopting a circular business model (CBM), and circular supply chain management (CSCM). The circular economy is gradually acknowledged as promising to attain ecological growth by minimising resource input, waste, emissions and energy loss. This article investigates the environmental efficacy of circular value creation and its implications for business models and supply chain strategies. It intends to incorporate CBM and CSCM for sustainable innovation and ecological growth, relying on a review of the literature and four case analyses. The context identifies five distinct CBM propelling supply chain strategies and sustainable innovation, supply chain loops, which differ in intricacy and worth. The study demonstrates that circular business models (CBM) and circular CSCM models can facilitate organisations in accomplishing ecological objectives. The companies examined in the study have different characteristics, but all face comparable challenges in persuading consumers and suppliers to adopt circular business models and supply chain management. A significant challenge is that customers perceive products made from recycled or remanufactured materials as inferior to traditional products, leading to lower prices despite meeting comparable quality standards. Therefore, we review the current literature on the business model background to technological, organisational and social innovation. Since the existing literature does not provide a general conceptual definition of sustainable innovation and circular business mode for circular supply chain management, we present normative examples of requirements that circular business models should meet to support sustainable innovation. Finally, we outline the research agenda by asking some guiding questions.This paper aims to advance research on the circular economy, sustainable innovation through adopting a circular business model (CBM), and circular supply chain management (CSCM). The circular economy is gradually acknowledged as promising to attain ecological growth by minimising resource input, waste, emissions and energy loss. This article investigates the environmental efficacy of circular value creation and its implications for business models and supply chain strategies. It intends to incorporate CBM and CSCM for sustainable innovation and ecological growth, relying on a review of the literature and four case analyses. The context identifies five distinct CBM propelling supply chain strategies and sustainable innovation, supply chain loops, which differ in intricacy and worth. The study demonstrates that circular business models (CBM) and circular CSCM models can facilitate organisations in accomplishing ecological objectives. The companies examined in the study have different characteristics, but all face comparable challenges in persuading consumers and suppliers to adopt circular business models and supply chain management. A significant challenge is that customers perceive products made from recycled or remanufactured materials as inferior to traditional products, leading to lower prices despite meeting comparable quality standards. Therefore, we review the current literature on the business model background to technological, organisational and social innovation. Since the existing literature does not provide a general conceptual definition of sustainable innovation and circular business mode for circular supply chain management, we present normative examples of requirements that circular business models should meet to support sustainable innovation. Finally, we outline the research agenda by asking some guiding questions. |
Author | Sahabuddin, Md Hossain, Mohammad Amzad Alam, Mohammad Faridul Alam, Md Shariful Khokhar, Maryam Khan, Wahiduzzaman |
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Keywords | Circular business model (CBM) Circular supply chain management (CSCM) Circular economy (CE) Environmental and economic goals Sustainable innovation Ecological efficacy |
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SubjectTerms | Aquatic Pollution Atmospheric Protection/Air Quality Control/Air Pollution Business models Circular economy Commerce Earth and Environmental Science Ecotoxicology Energy loss Environment Environmental Chemistry Environmental Health Innovations Literature reviews Mathematical models Organizations Quality standards Recycled materials Recycling Remanufacturing Research Article Supply chain management Supply chains Sustainability Technology Value creation Waste Water Technology Water Management Water Pollution Control |
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Title | Circular value creation: business models and supply chain strategies |
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