Admitting risks towards circular economy practices and strategies: An empirical test from supply chain perspective. (1st October 2021)

• Record Type: Journal Article
• Authors: Dulia, Esrat Farhana; Ali, Syed Mithun; Garshasbi, Maryam; Kabir, Golam
• Is Part Of: Journal of cleaner production. Volume 317(2021)
• Publication Date: 2021-10-01
• Subjects: Circular supply chain (CSC) -- Circular economy practices (CEP) -- Circular economy strategies (CES) -- Risk assessment -- Fuzzy synthetic evaluation (FSE).; Factory and trade waste -- Management -- Periodicals; Manufactures -- Environmental aspects -- Periodicals; Déchets industriels -- Gestion -- Périodiques; Usines -- Aspect de l'environnement -- Périodiques; 628.5
• DOI: 10.1016/j.jclepro.2021.128420
• Languages: English
• ISSNs: 0959-6526

Abstract

Abstract: This article attempts to evaluate risks associated with circular economy (CE) practices and strategies in circular supply chains (CSCs) in response to the research gap related to the risks in CSCs in the current body of knowledge. There is a need for risk classification and examination for increasing the CSC effectiveness in the industry. These kinds of studies in developing countries like Bangladesh are few. To reach the goals of this study, for evaluating the risk factors obtained from a survey-design and feedback from experts, a fuzzy synthetic evaluation (FSE) approach-based model is developed. The findings revealed that "quality degradation of recycled products" and "CE framework risks" are the most critical risk factors and groups in CSC initiatives, respectively. The findings are essential because they enable experts to understand the urgency in managing risks associated with CSC concepts. Therefore, the findings can be used to help industrial managers, government policymakers, and other stakeholders across the CSC of interest to implement and maintain the CSCs given the acknowledged risks.