Circular Business Models in the Manufacturing Industry: Insights from Small Open Economies

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The book takes a multi-level perspective, focusing on circular business models by manufacturing industries in European small open economies. The book conceptualises circular business models and combines theoretical foundations with best practices when such models appeared in the textile, furniture, and plastics industries. It also explores barriers, drivers, challenges, and opportunities for leading manufacturing companies to implement circular activities across the value chain. This book offers a qualitative and transformative approach, spread across three different manufacturing industries, towards a circular transition. The findings will be of interest to practitioners and managers, policymakers, and general readers who are interested in the circular economy and environmental sustainability.

Author(s): Lina Dagilienė, Jurgita Bruneckienė, Viktorija Varaniūtė, Justina Banionienė
Series: Studies in Energy, Resource and Environmental Economics
Publisher: Springer
Year: 2023

Language: English
Pages: 182
City: Cham

Preface
Acknowledgements
Contents
Abbreviations
1 Introduction to a Circular Economy
1.1 Concept of a Circular Economy
1.2 Multi-level Perspective, Structural Logic and Aim
1.3 Applied Research Methodology and Empirical Focus
1.4 Theoretical and Practical Contributions
1.4.1 Theoretical Contributions
1.4.2 Practical Contributions
References
2 Transition to Circular Business Models
2.1 Business Models in the Circular Economy
2.2 Circular Business Model Frameworks
2.3 Circular Business Model Strategies
2.4 Drivers and Barriers for Circular Business Models
References
3 Circular Performance of Small Open Economies
3.1 Adaptive Features of Small Open Economies
3.2 Overview of Studies of Countries’ Circular Performance
3.2.1 Overview of CE Performance with the Focus on SOEs
3.2.2 Overview of CE Drivers, Barriers, Challenges and Opportunities Among SOEs and Large Economies
3.3 Circularity and Economic Performance of Manufacturing Industries in Small Open Economies
3.3.1 Research Approach
3.3.2 The State of the Art of SOEs in the CE
3.3.3 Circularity and Economic Indicators of the Textile Industry
3.3.4 Circularity and Economic Indicators of the Rubber and Plastics Industry
3.3.5 Circularity and Economic Indicators of the Furniture Industry
References
4 Circular Patterns of Manufacturing Companies
4.1 Manufacturing Companies Moving Towards Circular Value Chains
4.2 Survey Research Methodology
4.2.1 The Setting of the Sample
4.2.2 Argumentation of Survey Analysis
4.3 Circular Patterns of Lithuanian Manufacturing Companies
4.3.1 Sample Characteristics
4.3.2 Drivers, Barriers, Challenges, and Opportunities Leading Lithuanian Manufacturing Companies to Implement Circular Activities
4.3.3 Factors Influencing the Transition to the CE
References
5 Circular Transformation of the Textile Industry
5.1 Global Trends in the Textile Industry
5.2 Circular Performance of the Lithuanian Textile Industry
5.3 Circular Patterns of Lithuanian Textile Manufacturing Companies
5.4 Best Practices of Textile Circular Business Models
References
6 Circular Transformation of the Furniture Industry
6.1 Global Trends in the Furniture Industry
6.2 Circular Performance of the Lithuanian Furniture Industry
6.3 Circular Patterns of Lithuanian Furniture Manufacturing Companies
6.4 Best Practices of Furniture Circular Business Models
References
7 Circular Transformation of the Plastic Industry
7.1 Global Trends in the Plastic Industry
7.2 Circular Performance of the Lithuanian Plastic Industry
7.3 Circular Patterns of Lithuanian Plastic Manufacturing Companies
7.4 Best Practices of Plastic Circular Business Models
References
8 Concluding Remarks and Insights
8.1 What Changes Need to Be Made to Business Models in a Transition to the CE?
8.2 How Can European SOEs Be Characterized in the Context of the CE?
8.3 What Are the Key Drivers, Barriers, Challenges, and Opportunities for the Lithuanian Manufacturing Industry in a Transition to the CE?
8.4 Industry-Specific Insights
8.5 The Future of the CE
8.6 Scenarios for Circular Business Model Development
References