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From Sustainable Global Value Chains to Circular Economy—Different Silos, Different Perspectives, but Many Opportunities to Build Bridges

Author

Listed:
  • Joerg S. Hofstetter

    (KEDGE Business School)

  • Valentina Marchi

    (University of Padova)

  • Joseph Sarkis

    (Worcester Polytechnic Institute)

  • Kannan Govindan

    (University of Southern Denmark)

  • Robert Klassen

    (Western University)

  • Aldo R. Ometto

    (University of Sao Paulo)

  • Katharina S. Spraul

    (Technische Universität Kaiserslautern)

  • Nancy Bocken

    (Maastricht University)

  • Weslynne S. Ashton

    (Illinois Institute of Technology)

  • Sanjay Sharma

    (University of Vermont)

  • Melanie Jaeger-Erben

    (Technische Universität Berlin)

  • Charlotte Jensen

    (Aalborg University)

  • Paul Dewick

    (Keele University and University of Manchester)

  • Patrick Schröder

    (Chatham House)

  • Noemi Sinkovics

    (University of Auckland)

  • Sherwat E. Ibrahim

    (American University of Cairo)

  • Luke Fiske

    (Queen’s University)

  • Anthony Goerzen

    (Queen’s University)

  • Diego Vazquez-Brust

    (University of Portsmouth)

Abstract

A growing interest in the circular economy concept has pushed the discourse in various management-related disciplines beyond established boundaries, with calls to better address how such a model may be developed in a world of global value chains. Still, the conventional linear economy model continues to dominate business, society, and research. While the concept of better connecting physical output and input flows at multiple production or consumption levels is becoming more accepted, it remains unclear how to make this happen while ensuring that sustainability targets are met or exceeded. Multiple scientific communities contribute different perspectives to this discourse, with promising opportunities for research. Circular economy and sustainability from business and economics perspectives are multifaceted. The existing body of knowledge needs to be advanced to assist private individuals, business managers, investors, or policymakers in making informed decisions. In this article for the inaugural issue, we provide a snapshot of the discourses among those who have studied the circular economy and its related topics. We outline conceptual inroads and potential research questions to encourage further circular economy and sustainability research and discourse from business or economics perspectives as well as from the broader transdisciplinary angle. We propose three research pathways: (1) connecting output with input needs in a global circular economy; (2) beyond today’s business logic for a global circular economy; and (3) inclusion of the Global South in North-dominated circular economies. For each, we propose concepts, theories, or methodological approaches and offer various perspectives from the micro, macro, and meso levels.

Suggested Citation

  • Joerg S. Hofstetter & Valentina Marchi & Joseph Sarkis & Kannan Govindan & Robert Klassen & Aldo R. Ometto & Katharina S. Spraul & Nancy Bocken & Weslynne S. Ashton & Sanjay Sharma & Melanie Jaeger-Er, 2021. "From Sustainable Global Value Chains to Circular Economy—Different Silos, Different Perspectives, but Many Opportunities to Build Bridges," Circular Economy and Sustainability, Springer, vol. 1(1), pages 21-47, June.
    • Handle: RePEc:spr:circec:v:1:y:2021:i:1:d:10.1007_s43615-021-00015-2
    DOI: 10.1007/s43615-021-00015-2
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    6. Balezentis, Tomas & Zickiene, Agne & Volkov, Artiom & Streimikiene, Dalia & Morkunas, Mangirdas & Dabkiene, Vida & Ribasauskiene, Erika, 2023. "Measures for the viable agri-food supply chains: A multi-criteria approach," Journal of Business Research, Elsevier, vol. 155(PA).
    7. Ahi, Alan A. & Sinkovics, Noemi & Shildibekov, Yelnur & Sinkovics, Rudolf R. & Mehandjiev, Nikolay, 2022. "Advanced technologies and international business: A multidisciplinary analysis of the literature," International Business Review, Elsevier, vol. 31(4).
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    9. Hochachka, Gail, 2023. "Climate change and the transformative potential of value chains," Ecological Economics, Elsevier, vol. 206(C).
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    11. De Marchi, Valentina & Molina-Morales, F. Xavier & Martínez-Cháfer, Luis, 2022. "Environmental innovation and cooperation: A configurational approach," Technological Forecasting and Social Change, Elsevier, vol. 182(C).
    12. De Marchi, Valentina & Cainelli, Giulio & Grandinetti, Roberto, 2022. "Multinational subsidiaries and green innovation," International Business Review, Elsevier, vol. 31(6).
    13. Langley, David J. & Rosca, Eugenia & Angelopoulos, Marios & Kamminga, Oscar & Hooijer, Christa, 2023. "Orchestrating a smart circular economy: Guiding principles for digital product passports," Journal of Business Research, Elsevier, vol. 169(C).
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