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Business Strategy and the Environment
Article . 2020 . Peer-reviewed
License: Wiley Online Library User Agreement
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Industry 4.0 and circular economy: An exploratory analysis of academic and practitioners' perspectives

Authors: Maurizio Massaro; Silvana Secinaro; Francesca Dal Mas; Valerio Brescia; Davide Calandra;

Industry 4.0 and circular economy: An exploratory analysis of academic and practitioners' perspectives

Abstract

AbstractThe union between Industry 4.0 and the circular economy (CE) appears relatively recent. In this sense, new trading zones for sharing a common scenario among academics and practitioners are needed. The paper aims to investigate the link between Industry 4.0 and the CE by understanding how Industry 4.0 can foster the impact of the CE on companies. The study proposes a broader perspective that includes thematic and content analysis gathering data on professional documents based on business cases, newspaper articles, press releases and specialised blogs, as well as scientific papers. The joint academic‐practitioners view highlights how Industry 4.0 has the potential to impact on the CE through countless actions: increasing waste disposal; promoting remanufacturing; enhancing the efficiency of critical resources such as water, energy, gas and CO2; and improving business models and the mission of companies. However, barriers still exist in its adoption, stressing the need for holistic and integrated design and a proactive environment of collaboration among stakeholders. Results lead to practical as well as research implications.

Country
Italy
Keywords

Industry 4.0., Circular Economy, waste management, remanufacturing, resource efficiency, business models, Industry 4.0; Circular Economy; waste management; remanufacturing; resource efficiency; business models

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