Title: Circular economy business model design

Authors: Arman Hakim Nasution; Mucharromatul Aula; Dewie Saktia Ardiantono

Addresses: Department of Business Management, Faculty of Business and Technology Management, Institut Teknologi Sepuluh Nopember (ITS), Jl. Arief Rahman Hakim, Surabaya 60111, Indonesia ' Department of Business Management, Faculty of Business and Technology Management, Institut Teknologi Sepuluh Nopember (ITS), Jl. Arief Rahman Hakim, Surabaya 60111, Indonesia ' Department of Business Management, Faculty of Business and Technology Management, Institut Teknologi Sepuluh Nopember (ITS), Jl. Arief Rahman Hakim, Surabaya 60111, Indonesia

Abstract: The increasing influence of sustainability in the practice of supply chain management and operations can be attributed to the fact that the existing stakeholders within the organisation are required to gain strong economic performance and be responsible for environmental and social performance. The implementation of circular economy in Indonesia has become one of the government's attention. This is evidenced by the master plan of circular economy implementation made until 2025. Although the masterplan that has been made is still focused on manufacturing companies, in this study, the author took a gap in the field of agribusiness, especially in the dairy industry. This research will conduct an optimal design of circular business model canvas (CBMC) for the dairy industry with expert opinion, calculated a prediction of new potential revenue streams of redesign result, and the relationship between circular economy with sustainable development goals (SDGs). This research uses a qualitative method with explorative research design. The results show promising findings. A new business model for circular economy in the dairy industry is conducted. This new business model dairy industry will directly support five points of SDGs (point 6, 7, 8, 12, 15).

Keywords: circular business model canvas; CBMC; circular economy; dairy industry.

DOI: 10.1504/IJISM.2020.107848

International Journal of Integrated Supply Management, 2020 Vol.13 No.2/3, pp.159 - 177

Received: 01 Mar 2019
Accepted: 08 Aug 2019
Published online: 25 Jun 2020 *

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