Abstract
Scholarship discusses how to use the benefits of plastics by simultaneously eliminating the adverse effects. Research reveals innovation as an opportunity to oppose environmental degradation. In the specific case of plastics, there is a discussion of a transition from conventional towards circular business models and value chains by closing, slowing or narrowing loops. However, innovation of business models and the subsequent transition of value chains are not trivial issues and face various challenges. Particularly, a collaborative approach is crucial and the prerequisite for successful circular value chain development within value networks. Hence, we conduct qualitative research and run a multiple case study of value chain members in the petrochemical and plastic industries. Our article shows empirical evidence regarding circular business model innovation and associated circular value chain development in these industries. We acknowledge that an adequate governance is crucial for the promotion of sustainable value co-creation in value networks.
Keywords
- Circular value chain
- Circular business model innovation
- Circular economy
- Governance
- Plastics
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Schultz, F.C., Everding, S. (2022). The Governance of Circular Plastics Supply Chain Collaboration. In: Ghadimi, P., Gilchrist, M.D., Xu, M. (eds) Role of Circular Economy in Resource Sustainability. Sustainable Production, Life Cycle Engineering and Management. Springer, Cham. https://doi.org/10.1007/978-3-030-90217-9_14
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