Circular economy: Factors affecting the financial performance of product take-back systems

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Abstract

Product take-back systems are fundamental for Circular Economy (CE) and focus on recovering value by taking back products to be recycled, re-manufactured, or refurbished. In theory, the expected value from CE is undeniable. However, in practice product take-back systems are often in small/pilot scale or have difficulties becoming financially viable, which is an obstacle towards the widespread adoption of CE in practice and thus a barrier to achieving a sustainable manufacturing system. This study uses a structured literature review to explore the factors affecting the financial performance of the product take-back system and investigate how 12 factors, clustered into three different dimensions; context, supply chain, and company, affect financial performance. Based on these findings, two propositions are made on how these factors are interrelated in a system perspective and how further research should build on these findings.
Original languageEnglish
Article number130319
JournalJournal of Cleaner Production
Volume335
ISSN0959-6526
DOIs
Publication statusPublished - 10 Feb 2022

Bibliographical note

© 2022 The Authors. Published by Elsevier Ltd.

Keywords

  • Closed-loop supply chain
  • Circular business model
  • Circular product design
  • Literature review
  • Sustainability
  • Re-manufacturing

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