• Circular Economy: Exploratory Study of Steel Industry in Thailand

      Piyathanavong, Vichathorn; Garza-Reyes, Jose Arturo; Huynh, Van-Nam; Olapiriyakul, Sun; Karnjana, Jessada; University of Derby (IEOM Society, 2021-06)
      The Circular Economy (CE) is widely known as a possible solution to address sustainable development in the manufacturing sector. This paper investigates the adoption status of CE in the steel industry of Thailand. A survey questionnaire was designed, validated, and distributed among Thai steel manufacturing companies. The result of the study indicates that some of the participants’ organization had already implemented the CE. The implementation success of CE is moderate-high. The CE is found to be implemented mainly at the departmental level, rather than across the entire organization. The main drivers of CE implementation are internal motivations, including environmental awareness, long-term sustainable development, and cost savings from material circularity. Furthermore, reducing the environmental impact on external stakeholders is the main CE external driver. A lack of proper training and knowledge, too much effort required, and a lack of support from top management are the main barriers to implementing the CE. This study offers direct benefits for academics, researchers, and steel manufacturing companies who are interested in CE implementation. It also shows the initial evidence of CE adoption in the Thai steel manufacturing industry.
    • Nexus of circular economy and sustainable performance in the era of digitalization

      Agrawal, Rohit; Wankhede, Vishal Ashok; Kumar, Anil; Upadhyay, Arvind; Garza-Reyes, Jose Arturo; National Institute of Technology Tiruchirappalli, Tiruchirappalli, India; Pandit Deendayal Energy University, Gandhinagar, India; London Metropolitan University; University of Brighton; University of Derby (Emerald, 2021-04-01)
      This study aims to conduct a comprehensive review and network-based analysis by exploring future research directions in the nexus of circular economy (CE) and sustainable business performance (SBP) in the context of digitalization. A systematic literature review methodology was adopted to present the review in the field of CE and SBP in the era of digitalization. WOS and SCOPUS databases were considered in the study to identify and select the articles. The bibliometric study was carried out to analyze the significant contributions made by authors, various journal sources, countries and different universities in the field of CE and SBP in the era of digitalization. Further, network analysis is carried out to analyze the collaboration among authors from different countries. The study revealed that digitalization could be a great help in developing sustainable circular products. Moreover, the customers' involvement is necessary for creating innovative sustainable circular products using digitalization. A move toward the product-service system was suggested to accelerate the transformation toward CE and digitalization. The paper discusses digitalization and CE practices' adoption to enhance the SP of the firms. This work's unique contribution is the systematic literature analysis and bibliometric study to explore future research directions in the nexus of CE and SP in the context of digitalization. The present study has been one of the first efforts to examine the literature of CE and SBP integration from a digitalization perspective along with bibliometric analysis.