Cited by 174Sustainable Supply Chain ManagementGlobal trade, sustainability, and social impactEnvironmental Sustainability in Business

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

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Hofstetter, Joerg S., De Marchi, Valentina, Sarkis, Joseph, Govindan, Kannan, Klassen, Robert, Ometto, Aldo R., Spraul, Katharina S., Bocken, Nancy +11 more·2021·Circular Economy and Sustainability

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.

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Crossref · 10.1007/s43615-021-00015-2

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97 of 97 references verified0 citation errors · 0 not checkable

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  • Research in the area of CE and DPP requires forward-looking and holistic approaches.

    “research in this area requires forward-looking and holistic approaches (Hofstetter et al., 2021).”

    From Orchestrating a smart circular economy: Guiding principles for digital product passports (2023) · cites this paper as Hofstetter et al., 2021

    The Circular Economy Financing section (page unavailable) calls for a holistic approach, and the Circular Economy: Design Thinking section argues for studying how circular-economy processes evolve rather than viewing a snapshot in time. These passages support forward-looking, holistic CE research, but the paper does not address digital product passports (DPP), so it does not establish the claim for that specific area. (LLM, conf=0.84)

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  • CE and DPP have not yet been implemented at a large scale and both are multifaceted concepts.

    “Given that CE and DPP have not yet been implemented at a large scale and both are multifaceted concepts, research in this area requires forward-looking and holistic approaches (Hofstetter et al., 2021).”

    From Orchestrating a smart circular economy: Guiding principles for digital product passports (2023) · cites this paper as Hofstetter et al., 2021

    The Introduction describes the transition to a circular economy as poorly understood, and the Summary and Implications describes CE research as fragmented and endorses holistic thinking. These passages support the claim's characterization of CE as multifaceted and still developing, but the paper does not establish that CE has not been implemented at large scale. Searches for DPP and digital product passports found no passage addressing their implementation or complexity. (LLM, conf=0.88)

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  • Currently, fully circular product systems do not exist at scale, with the exception of small-scale pilots for regional industrial symbiosis or partial products internal to a single firm.

    “Currently, fully circular product systems do not exist at scale, with the exception of small-scale pilots for regional industrial symbiosis or partial products internal to a single firm (Hofstetter et al., 2021).”

    From Orchestrating a smart circular economy: Guiding principles for digital product passports (2023) · cites this paper as Hofstetter et al., 2021

    The 'Circular Economy: Design Thinking Allows Us to Map the Journey' section (page unavailable) describes Dell’s pilot recycling supply chain as a step toward, rather than the completion of, a circular-economy goal. 'Innovation in the Circular Economy: Looking Beyond Boundaries' (page unavailable) identifies industrial symbiosis as a collaborative approach. Neither passage establishes that fully circular product systems do not exist at scale or that the only exceptions are regional pilots or partial products within a single firm. (LLM, conf=0.82)

    Experimental — accuracy not yet measured

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Research works printed but not linked: 4

  1. [40]Stahel W (1994) The utilization-focused service economy: resource efficiency and product-life extension. In National Academy of Engineering, The greening of industrial ecosystems. National Academy Press, Washington, DC, pp 178–190
  2. [54]Bocken, N., Ritala, P. (2020). Circular business model innovation: open and closed strategies. The ISPIM Innovation Conference – Innovating in Times of Crisis, 7-10 June 2020.
  3. [88]Fiske ST Social cognition 1991 2nded. New York McGraw-Hill
  4. [107]Daly H Sustainable development: from concept and theory towards operational principles. In: Steady-State Economics 1991 2 Washington, DC Island Press

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Authors
Hofstetter, J. S., De Marchi, V., Sarkis, J., Govindan, K., Klassen, R., Ometto, A. R., Spraul, K. S., Bocken, N., Ashton, W. S., Sharma, S., Jaeger-Erben, M., Jensen, C., Dewick, P., Schröder, P., Sinkovics, N., Ibrahim, S. E., Fiske, L., Goerzen, A., & Vazquez-Brust, D.
Affiliations
  • Kedge Business School (FR)
  • Worcester Polytechnic Institute (US)
  • University of Southern Denmark (DK)
  • Western University (CA)
  • Universidade de São Paulo (BR)
  • University of Kaiserslautern (DE)
  • Maastricht University (NL)
  • Illinois Institute of Technology (US)
  • University of Vermont (US)
  • Aalborg University (DK)
  • University of Manchester (GB)
  • University of Auckland (NZ)
  • American University in Cairo (EG)
  • Queen's University (CA)
Corresponding author
Hofstetter, Joerg S.
Venue
Circular Economy and Sustainability
Published
2021-03-02
Volume
1
Issue
1
Pages
21-47
ISSN
  • 2730-597X (ISSN-L)
  • 2730-5988
OpenAlex
W3134726991
Cited by
174
References
96
Citations by year
2026: 37 · 2025: 26 · 2024: 36 · 2023: 33 · 2022: 28 · 2021: 14
FWCI
24.82
Type
journal article
Language
en
Open access
Locations
  • Circular Economy and Sustainability (publishedVersion)
  • PubMed Central (publishedVersion)
  • University of Southern Denmark Research Portal (University of Southern Denmark) (publishedVersion, other-oa)
  • PubMed (publishedVersion)
  • VBN Forskningsportal (Aalborg Universitet) (submittedVersion, other-oa)
  • RePEc: Research Papers in Economics (submittedVersion)
  • Research Publications (Maastricht University) (submittedVersion, other-oa)
  • ENLIGHTEN (Jurnal Bimbingan dan Konseling Islam) (submittedVersion, cc-by-sa)
  • Keele Research Repository (Keele University) (submittedVersion, cc-by)
  • Research Explorer (The University of Manchester) (submittedVersion, other-oa)
  • Padua Research Archive (University of Padova) (submittedVersion)
  • Newcastle University ePrints (Newcastle Univesity)
Topics
  • Social Sciences › Business, Management and Accounting › Strategy and Management › Sustainable Supply Chain Management
  • Social Sciences › Business, Management and Accounting › Strategy and Management › Global trade, sustainability, and social impact
  • Social Sciences › Business, Management and Accounting › Marketing › Environmental Sustainability in Business
Keywords
circular economy, global value chains, linear economy, transdisciplinary research, sustainability, business logic, North-South relations, research pathways

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