Challenges and barriers in transition to circular economy business models

Autor: Gechbaia Badri, Maisuradze Teona, Paresashvili Nino, Goletiani Ketevan, Gvarishvili Levan
Jazyk: English<br />French
Rok vydání: 2023
Předmět:
Zdroj: E3S Web of Conferences, Vol 408, p 01016 (2023)
Druh dokumentu: article
ISSN: 2267-1242
DOI: 10.1051/e3sconf/202340801016
Popis: Circular Economy (EC) is a term that has not been studied fully yet and is attracting the growing interest of scholars. It is vital for our planet and each of our lives to take care of EC principles. In this process, the business sector plays a leading role. This process is challenging and requires understanding circular economy principles first, after analyzing linear business models and comparing them to the CBM (Circular Economy Business Model). Based on these, it will be easier for businesses to adopt any of them. The aim of the paper is to discuss these and give recommendations based on the literature, research papers, and publications available at this moment. Key Findings: The barriers to moving from BM to CBM are still strong, but business behavior shows that there are already some signs of a circular economy, which can be considered an important step for the planet and people’s lives; recommendations are given on how to help businesses to overcome obstacles on this difficult path.
Databáze: Directory of Open Access Journals