The Circular Economy Competence of the Manufacturing Sector — A Case Study

Abstract

Circular economy refers to the intention to overcome the problems in the current production and consumption model. The current model is based on continuous growth and an increasing efficient resource utilization among the industry. Within the circular economy, an organizations are expected to minimize material and energy use, and by design and action reduce the environmental deterioration without restricting economic growth or social and technical progress. This development has been undertaken in many industries, especially in consumer-related businesses, many examples are well documented. However, there are only few studies available concerning the current circular economy activities in the manufacturing industry or their potential. The main goal of this paper is to identify and validate the circular economy readiness between communication and actual action in the circular economy business in manufacturing companies in a regional context. The results of this study will show the capabilities of the manufacturing industry to do business in regional circular economy activities. Two conclusions can be made. Firstly, the results of regional circular economy activities bring valuable information for academics, policymakers, and manufacturing companies. Secondly, the regional baseline of the circular economy can help highlight the current situation and identify the business areas which the next actions should be targeted at.