Implementing circular economy in the textile and clothing industry

Saha, Krishnendu and Dey, Prasanta Kumar and Papagiannaki, Eleni (2021) Implementing circular economy in the textile and clothing industry. Business Strategy and the Environment. pp. 1-34. ISSN 1099-0836

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Abstract

This research reveals the current state of the circular economy (CE), challenges and opportunities of implementing CE and interventions that could facilitate effective implementation of CE in the textile and clothing (TC) industry. The study uses a survey method within 114 TC companies based in Bangladesh, Vietnam and India revealing the correlation of CE fields of action (take, make, distribute, use and recover) with sustainability (economic, environmental and social) performance. The lack of financial, technological and human resources along with management's reluctance and end-user's indifference to sustainability is the biggest challenge for CE implementation. The research further derives that the TC firms are unable to eradicate the challenges to CE implementation without a holistic approach that involves the collective effort from the industry, host government's incentives, their buyers and above all the conscience of the end-users. Finally, the study reveals that the collaborative efforts, knowledge sharing in sustainability management across the value chain and marketisation of the waste recycling, among others, are a few actions the stakeholders of the TC industry must adopt for implementing CE successfully.

Item Type: Article
Identification Number: https://doi.org/10.1002/bse.2670
Date: 13 January 2021
Uncontrolled Keywords: circular economy, textile and clothing firms, sustainability practices, economic, environmental and social performances
Subjects: J400 Polymers and Textiles
N100 Business studies
N900 Others in Business and Administrative studies
Divisions: Faculty of Business, Law and Social Sciences > Birmingham City Business School > Department of Strategy, Management and Marketing
Faculty of Business, Law and Social Sciences > Birmingham City Business School > Department of Accounting, Finance and Economics
Faculty of Business, Law and Social Sciences > Birmingham City Business School > Centre for Applied Finance and Economics
Depositing User: Krish Saha
Date Deposited: 04 Jan 2021 10:47
Last Modified: 01 Mar 2021 09:20
URI: http://www.open-access.bcu.ac.uk/id/eprint/10663

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