Circular economy readiness index for supply chains: Evaluating industrial clusters in the Aburrá Valley

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dc.contributor.affiliationUniversidad de Medellín, Medellin, Colombia
dc.contributor.authorJ.A.
dc.contributor.authorLondoño Pineda, A.A.
dc.contributor.authorCampo, E.A.
dc.contributor.authorC.M.
dc.contributor.authorA.P.
dc.contributor.authorO.M.
dc.date.accessioned2025-12-03T19:34:44Z
dc.date.available2025-12-03T19:34:44Z
dc.date.issued2025
dc.descriptionAs global resource scarcity and environmental challenges intensify, the transition to a circular economy (CE) has become increasingly urgent. Companies and their supply chains play a crucial role in this transition, being primary drivers of resource use and waste generation. Measuring CE implementation in companies and supply chains is therefore essential for promoting sustainable economic development and resource efficiency. This study presents a novel approach to assess the CE readiness of companies and supply chains through a Circular Economy Readiness Index (CERI) based on CE enablers and resource flows. The CERI considers several categories of enablers, reflecting a company's strategic vision towards circularity, and three categories of flows, which indicate a company's circularity performance. The index was applied to 265 companies in the construction sector and 263 companies in the textile/clothing/fashion sector in Colombia's Aburrá Valley region, allowing measurement at the company, supply chain actor, and industrial cluster levels. Results reveal a critical level of CE readiness in both clusters, indicating significant improvement opportunities. Better performance was observed for flows than for enablers, suggesting good resource management practices but a lack of strategic understanding and commitment to CE principles. The study identifies needs for implementing CE strategies across supply chain actors, emphasizing improvements in enablers such as awareness, training, investment in CE initiatives, and stakeholder collaboration. It underscores the necessity for a comprehensive approach to accelerate the transition towards circular supply chains, highlighting the importance of both strategic enablers and operational resource flows in implementing circular business models and practices. © 2025 Elsevier B.V., All rights reserved.
dc.identifier.doi10.1016/j.clrc.2025.100345
dc.identifier.instnameinstname:Universidad de Medellínspa
dc.identifier.issn26667843
dc.identifier.reponamereponame:Repositorio Institucional Universidad de Medellínspa
dc.identifier.repourlrepourl:https://repository.udem.edu.co/
dc.identifier.urihttp://hdl.handle.net/11407/9238
dc.language.isoeng
dc.publisherElsevier Ltdspa
dc.publisher.facultyFacultad de Ciencias Económicas y Administrativasspa
dc.publisher.programAdministración de empresas-NEGOCIOS INTERNACIONALESspa
dc.relation.citationvolume19
dc.relation.isversionofhttps://www.scopus.com/inward/record.uri?eid=2-s2.0-105019084430&doi=10.1016%2Fj.clrc.2025.100345&partnerID=40&md5=b7cc91fb35bbed1477448408aa6556ad
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dc.rights.accesoAll Open Access
dc.rights.accesoGold Open Access
dc.rights.accessrightsinfo:eu-repo/semantics/openAccess
dc.sourceCleaner and Responsible Consumption
dc.sourceScopus
dc.subjectCircular economy measurement
dc.subjectCircular economy readiness index
dc.subjectCircular supply chain
dc.subjectEnablers and flows
dc.subjectIndustrial clusters
dc.subjectSupply chain sustainability
dc.titleCircular economy readiness index for supply chains: Evaluating industrial clusters in the Aburrá Valley
dc.typeArticle
dc.type.localArtículospa
dc.type.versioninfo:eu-repo/semantics/publishedVersion

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