A circular economy (CE) is one of the economic systems that uses a systemic approach to eliminate waste and enhance resources utilization through redefining growth for sustainable development of businesses, society, and the environment. It closes the gap between production and the lifecycle of the ecosystems. This study examines and reviews the challenges facing the CE implementation and its associated opportunities through sectoral exploration. The chapter highlights the progress and challenges of implementing CE strategies in the sectors related to food, chemicals, metals and minerals, electronics, and building and infrastructure. The study generates and analyses an association map that indicates four significant clusters in the CE literature over the years. It has established further that much attention had not given to cross-case comparison in the literature of implementing CE models. Also, the future reliable and robust CE strategy is shifting to ICT and digital economy of scope rather than scale. This research is implicative in terms of fundamental research and investment. Industrial actors can achieve these through collaboration and efficient communication with stakeholders and access to data availability.

The Implementation Challenges to Circular Economy Via-Sectoral Exploration / Modibbo, U. M.; D'Adamo, I.; Morone, P.; Ali, I.. - (2022), pp. 11-21. [10.1007/978-981-16-7723-6_2].

The Implementation Challenges to Circular Economy Via-Sectoral Exploration

D'adamo I.
;
Morone P.;
2022

Abstract

A circular economy (CE) is one of the economic systems that uses a systemic approach to eliminate waste and enhance resources utilization through redefining growth for sustainable development of businesses, society, and the environment. It closes the gap between production and the lifecycle of the ecosystems. This study examines and reviews the challenges facing the CE implementation and its associated opportunities through sectoral exploration. The chapter highlights the progress and challenges of implementing CE strategies in the sectors related to food, chemicals, metals and minerals, electronics, and building and infrastructure. The study generates and analyses an association map that indicates four significant clusters in the CE literature over the years. It has established further that much attention had not given to cross-case comparison in the literature of implementing CE models. Also, the future reliable and robust CE strategy is shifting to ICT and digital economy of scope rather than scale. This research is implicative in terms of fundamental research and investment. Industrial actors can achieve these through collaboration and efficient communication with stakeholders and access to data availability.
2022
Computational Modelling in Industry 4.0: A Sustainable Resource Management Perspective
978-981-16-7722-9
978-981-16-7723-6
Circular economy; Economic models; Implementation challenges; Innovation; Opportunities; Technology
02 Pubblicazione su volume::02a Capitolo o Articolo
The Implementation Challenges to Circular Economy Via-Sectoral Exploration / Modibbo, U. M.; D'Adamo, I.; Morone, P.; Ali, I.. - (2022), pp. 11-21. [10.1007/978-981-16-7723-6_2].
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11573/1686163
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