Business Innovation for Circular Economy

This research explores the contribution that business innovation brings in driving the circular economy implementation within Europe, focusing on its economic, environmental, and societal impacts.Through a mixed-methods approach, the study examines technological progress, policy frameworks, and evolving consumer behaviors that promote sustainable business practices.Sectorspecific case studies demonstrate practical innovations, such as AI-enabled waste sorting, closedloop systems, and subscription-based models for electronics.Challenges, including financing gaps and fragmented regulations, are balanced by opportunities for technological advancements and collaborative initiatives.Using a comprehensive SWOT analysis, the study highlights pathways to strengthen circular economy strategies, encouraging greater policy coherence and stakeholder engagement.This research underscores Europe's potential to lead in sustainability through integrated efforts, fostering resilience and long-term economic growth.

Authors

Publication Details

Journal
Ovidius University Annals Economic Sciences Series
Published
2025-02-20
DOI
https://doi.org/10.61801/ouaess.2024.2.86
Primary Topic
Sustainable Supply Chain Management
Type
article
Field-Weighted Citation Impact
0.00
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article

Business Innovation for Circular Economy

Ionela Munteanu, Alexandra Maria Spanu
Ovidius University Annals Economic Sciences Series
Sustainable Supply Chain Management
article

Business Innovation for Circular Economy

Ionela Munteanu, Alexandra Maria Spanu
article en

Abstract

This research explores the contribution that business innovation brings in driving the circular economy implementation within Europe, focusing on its economic, environmental, and societal impacts.Through a mixed-methods approach, the study examines technological progress, policy frameworks, and evolving consumer behaviors that promote sustainable business practices.Sectorspecific case studies demonstrate practical innovations, such as AI-enabled waste sorting, closedloop systems, and subscription-based models for electronics.Challenges, including financing gaps and fragmented regulations, are balanced by opportunities for technological advancements and collaborative initiatives.Using a comprehensive SWOT analysis, the study highlights pathways to strengthen circular economy strategies, encouraging greater policy coherence and stakeholder engagement.This research underscores Europe's potential to lead in sustainability through integrated efforts, fostering resilience and long-term economic growth.

Ovidius University Annals Economic Sciences SeriesVol. 24(2)
Decent work and economic growth
Openalex Percentile: Top 94%
Sustainable Supply Chain Management
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