Circular economy: delivering social value throughout the supply chain

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Manu, E. ORCID: 0000-0002-9002-3681, Ankrah, N. and Bentrar, J., 2021. Circular economy: delivering social value throughout the supply chain. In: A. Raiden ORCID: 0000-0001-7176-1139 and A. King ORCID: 0000-0002-6195-687X, eds., Social value in practice. Abingdon, Oxon: Routledge, pp. 115-134. ISBN 9780367457150

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Official URL: https://doi.org/10.1201/9781003024910-9

Abstract

A circular economy comprises business models that replace the linear (take-make-dispose) economy with the alternative of reducing, alternatively reusing, and recycling materials in production, distribution, and consumption processes. In this chapter, we consider different circular business models, and present three case studies (two in the UK and one in France) to showcase how social value is created by (i) the localised nature of circular business opportunities, driven by the need for shorter circular resource flow loops to minimise secondary production costs; (ii) opportunities for the establishment of new supply chain start-ups to produce circular products through innovation; and (iii) the health and well-being benefits of reduced emissions. We also present a practical insight from a developer and show how the circular vision and social value relate to the Sustainable Development Goals (SDGs) 8 Decent work and economic growth, 9 Industry, innovation, and infrastructure, 12 Responsible consumption and production, and 17 Partnerships for the goals.

Item Type:

Chapter in book

Creators:

Manu, E., Ankrah, N. and Bentrar, J.

Publisher:

Routledge

Place of Publication:

Abingdon, Oxon

Date:

31 December 2021

ISBN:

9780367457150