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Circular Economy-Based New Products and Company Performance: The Role of Stakeholders and Industry 4.0 Technologies

Author

Listed:
  • M.A.P. Pinheiro
  • D. Jugend
  • Ana Beatriz Lopes de Sousa Jabbour

    (Métis Lab EM Normandie - EM Normandie - École de Management de Normandie)

  • C.J. Chiappetta Jabbour
  • H. Latan

Abstract

While the circular economy (CE) attracts attention from scholars and practitioners, the concept has been challenged by claims that the CE may be seen as a vague concept, or a new label for old green management practices. We propose a new approach to study the effects of the CE on company performance: circular product design (CPD). Consequently, this work investigates how Industry 4.0 technologies and stakeholder pressure influence CPD and, in turn, impact on company performance. Data were obtained from firms which develop products in the electric\textendash electronic and equipment (EEE) sectors in Brazil. Our research results indicate that (i) the application of Industry 4.0 technologies favors CPD, in particular artificial intelligence and big data analytics; (ii) pressure from stakeholders can encourage the adoption of circular strategies, specially from suppliers because they are responsible for developing and delivering smart components; and (iii) although the literature may be seen as controversial, there is a positive relationship with regard to the impacts of CE adoption on market performance. Among its main implications, the article also suggests a set of design strategies oriented towards the development of products for the CE. \textcopyright 2021 ERP Environment and John Wiley & Sons Ltd.

Suggested Citation

  • M.A.P. Pinheiro & D. Jugend & Ana Beatriz Lopes de Sousa Jabbour & C.J. Chiappetta Jabbour & H. Latan, 2022. "Circular Economy-Based New Products and Company Performance: The Role of Stakeholders and Industry 4.0 Technologies," Post-Print hal-04276066, HAL.
    • Handle: RePEc:hal:journl:hal-04276066
    DOI: 10.1002/bse.2905
    as

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    Citations

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    Cited by:

    1. Felix Carl Schultz & Vladislav Valentinov & Julian Kirchherr & Robert Jaroslav Reinhardt & Ingo Pies, 2024. "Stakeholder governance to facilitate collaboration for a systemic circular economy transition: A qualitative study in the European chemicals and plastics industry," Business Strategy and the Environment, Wiley Blackwell, vol. 33(3), pages 2173-2192, March.
    2. Manoj A. Palsodkar & Parth P. Koltharkar, 2024. "Nexus Effect of Industry 4.0 and Circular Economy Practices in Achieving Sustainable Development Goals," Circular Economy and Sustainability, Springer, vol. 4(4), pages 3215-3244, December.
    3. Pan, Xu & Wong, Christina W.Y. & Chee Yew Wong, & Boon-itt, Sakun & Li, Chunsheng, 2024. "The influences of circular economy practices on manufacturing firm's performance: A meta-analytic structural equation modeling study," International Journal of Production Economics, Elsevier, vol. 273(C).
    4. Sadia Samar Ali & Belkız Torğul & Turan Paksoy & Sunil Luthra & Yasanur Kayikci, 2024. "A novel hybrid decision‐making framework for measuring Industry 4.0‐driven circular economy performance for textile industry," Business Strategy and the Environment, Wiley Blackwell, vol. 33(8), pages 7825-7854, December.
    5. Juliana Araújo Pereira & Flávio José Simioni & Juliana Ferreira Soares & Jeane de Almeida do Rosário & Eduardo Bertol & Fabio Murilo Padilha Souza & Luiz Moreira Coelho Junior, 2024. "Circular Economy Practices in Biomass-Fired Power Plants in Brazil: An Assessment Using the ReSOLVE Framework," Sustainability, MDPI, vol. 16(21), pages 1-19, October.
    6. Vivian Osei & Disraeli Asante-Darko & Matthew Quayson, 2024. "Stakeholder Pressure, Circular Economy Practices, and Sustainability Performance: The Moderating Effect of Ecological Innovation Capabilities," Circular Economy and Sustainability, Springer, vol. 4(4), pages 3139-3170, December.

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