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From Sustainable Global Value Chains to Circular Economy—Different Silos, Different Perspectives, but Many Opportunities to Build Bridges
Open accessAbstract
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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“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
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“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
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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 (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
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Metadata
- 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.
- ORCID
- Venue
- Circular Economy and Sustainability
- Published
- 2021-03-02
- Volume
- 1
- Issue
- 1
- Pages
- 21-47
- ISSN
- 2730-597X (ISSN-L)
- 2730-5988
- PMC
- PMC7922711
- 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
- bronze
- doi.org
- Licence
- 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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