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Understanding circular economy awareness and practices in manufacturing firms

Author

Listed:
  • Nikolaos Liakos

    (University of Warwick [Coventry])

  • Vikas Kumar

    (Business School - UWE Bristol - University of the West of England [Bristol])

  • Siwarit Pongsakornrungsilp

    (School of Management (Walailak University International College))

  • Jose Arturo Garza-Reyes

    (The Centre for Supply Chain Improvement (University of Derby))

  • Bhumika Gupta

    (IMT-BS - MMS - Département Management, Marketing et Stratégie - TEM - Télécom Ecole de Management - IMT - Institut Mines-Télécom [Paris] - IMT-BS - Institut Mines-Télécom Business School - IMT - Institut Mines-Télécom [Paris], LITEM - Laboratoire en Innovation, Technologies, Economie et Management (EA 7363) - UEVE - Université d'Évry-Val-d'Essonne - IMT-BS - Institut Mines-Télécom Business School - IMT - Institut Mines-Télécom [Paris])

  • Pimlapas Pongsakornrungsilp

    (School of Management (Walailak University International College))

Abstract

Purpose - Circular economy (CE) has evolved as a result of the growing environmental awareness, environmental legislation and the need for social responsibility. However, awareness levels of CE are not as high as expected and practices are further behind than they should be, with a significant lack of research around the subject in the literature. Therefore, the purpose of this paper is to examine the current state of awareness levels and the practices around CE in manufacturing firms. Moreover, the study aims to empirically validate one of the earlier proposed CE models.Design/methodology/approach - The study adopts a quantitative survey questionnaire based approach. More than 500 people from various manufacturing organisations were contacted directly over a 40-day long sampling process through the FAME database, personal contacts and LinkedIn. The survey resulted in 103 completed responses. Given the exploratory nature of the study, the data were mainly analysed using descriptive statistics. To validate the CE model, a correlation analysis was also conducted.Findings - The research findings show that with the growing emphasis on CE across the globe by governing bodies, firms are becoming more aware of CE practices. The analysis also shows some useful insights on the state of each of the pillars (economic benefits, environmental impact and resource scarcity) of CE. The findings also indicate that the environmental impact pillar of CE is at a more developed state than the other two pillars which are, mostly, in a research state.Research limitations/implications - The study provides manufacturing firms with a thorough understanding of the state of CE practices and importance of its successful implementation. The findings of the study advocates consideration of all three pillars of CE by managers as a guide to plan for an efficient strategy around CE implementation. Moreover, our study adds to existing efforts by the academic community to raise the awareness towards CE practice among all relevant stakeholders. The findings of this study are based on the responses from a limited 103 survey responses from manufacturing firms.Originality/value - This study adds to the very limited empirical literature on CE awareness and practices in manufacturing firms. This is also one of the first studies attempting to empirically validate an existing CE model.

Suggested Citation

  • Nikolaos Liakos & Vikas Kumar & Siwarit Pongsakornrungsilp & Jose Arturo Garza-Reyes & Bhumika Gupta & Pimlapas Pongsakornrungsilp, 2019. "Understanding circular economy awareness and practices in manufacturing firms," Post-Print hal-02265840, HAL.
  • Handle: RePEc:hal:journl:hal-02265840
    DOI: 10.1108/JEIM-02-2019-0058
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    Citations

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    Cited by:

    1. P. Giovani Palafox-Alcantar & Dexter V. L. Hunt & Christopher D. F. Rogers, 2021. "Current and Future Professional Insights on Cooperation towards Circular Economy Adoption," Sustainability, MDPI, vol. 13(18), pages 1-24, September.
    2. Luthra, Sunil & Kumar, Anil & Sharma, Manu & Arturo Garza-Reyes, Jose & Kumar, Vikas, 2022. "An analysis of operational behavioural factors and circular economy practices in SMEs: An emerging economy perspective," Journal of Business Research, Elsevier, vol. 141(C), pages 321-336.
    3. Tihana Škrinjarić, 2021. "Ranking Environmental Aspects of Sustainable Tourism: Case of Selected European Countries," Sustainability, MDPI, vol. 13(10), pages 1-19, May.
    4. Juraj Šebo & Miriam Šebová & Iztok Palčič, 2021. "Implementation of Circular Economy Technologies: An Empirical Study of Slovak and Slovenian Manufacturing Companies," Sustainability, MDPI, vol. 13(22), pages 1-17, November.
    5. Manish Mohan Baral & Subhodeep Mukherjee & Rajesh Kr Singh & Venkataiah Chittipaka & Yigit Kazancoglu, 2023. "Exploring antecedents for the circular economy capability of micro, small and medium enterprises: An empirical study," Business Strategy and the Environment, Wiley Blackwell, vol. 32(8), pages 5785-5806, December.
    6. repec:grm:ecoyun:202002 is not listed on IDEAS
    7. Marzena Smol & Joanna Duda & Agnieszka Czaplicka-Kotas & Dominika Szołdrowska, 2020. "Transformation towards Circular Economy (CE) in Municipal Waste Management System: Model Solutions for Poland," Sustainability, MDPI, vol. 12(11), pages 1-25, June.
    8. Tomasz Rokicki & Aleksandra Perkowska & Bogdan Klepacki & Hubert Szczepaniuk & Edyta Karolina Szczepaniuk & Stanisław Bereziński & Paulina Ziółkowska, 2020. "The Importance of Higher Education in the EU Countries in Achieving the Objectives of the Circular Economy in the Energy Sector," Energies, MDPI, vol. 13(17), pages 1-17, August.
    9. Nudurupati, Sai Sudhakar & Budhwar, Pawan & Pappu, Raja Phani & Chowdhury, Soumyadeb & Kondala, Mukesh & Chakraborty, Ayon & Ghosh, Sadhan Kumar, 2022. "Transforming sustainability of Indian small and medium-sized enterprises through circular economy adoption," Journal of Business Research, Elsevier, vol. 149(C), pages 250-269.

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