Perspective Chapter: Circular Procurement and Circular Economy – The New Paradigm for Sustainable Society
<p id="p1">The current ‘take-make-dispose’ perspective of linear economy is ineffective in managing the demand and supply balance in natural resource utilization. These discrepancies have an impact on the sustainability of nations and businesses, as well as on the global supply chain, re...
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| Autores principales: | , |
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| Formato: | Capítulo de libro |
| Lenguaje: | inglés |
| Publicado: |
IntechOpen
2024
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| Materias: | |
| Acceso en línea: | https://www.intechopen.com/chapters/1202608 |
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| Sumario: | <p id="p1">The current ‘take-make-dispose’ perspective of linear economy is ineffective in managing the demand and supply balance in natural resource utilization. These discrepancies have an impact on the sustainability of nations and businesses, as well as on the global supply chain, resulting in socioeconomic and environmental hazards and volatility. The existing linear economic model is making way for the circular supply model in response to future resource shortage dilemmas. The main objective of this chapter is to analyze the roles of circular procurement and circular economy in achieving a sustainable society that bears attention to the three pillars of sustainability. To achieve this, we extracted 76 articles from Google Scholar and Dimension reviewed 50 related articles. The chapter also summarizes the main barriers to implementing circular procurement and economy along with their driver/enablers. To conclude, the real implementation of circular procurement and circular economy can create a sustainable society that guarantees economic security and sufficiency, enhances environmental stability by reusing and renewable resources, protects biodiversity and achieves zero toxin levels, and strengthens social performance through justice and equity, diversity preservation, and environmental consciousness.</p> |
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| ISBN: | 978-1-83634-236-6 |
| DOI: | 10.5772/intechopen.1006634 |