ENABLING CIRCULAR ECONOMY THROUGH INDUSTRY 4.0 FOR CONSUMER DURABLES AND OTHER INDUSTRIES
Journal: International Journal of Management (IJM) (Vol.11, No. 11)Publication Date: 2020-11-30
Authors : Harsh Subhash Joshi;
Page : 1853-1867
Keywords : Sustainability; Circular Economy; Industry 4.0; Servitization; Consumer Durable; COVID-19; Remanufacturing; Smart factory; E-waste.;
Abstract
The motivation behind this paper is to identify a framework or establish a strategy for industries, majorly the consumer durables for recycling and reusing wasted material or e-waste. The paper also uncovers the need of establishing a circular economy model from the already existing linear model, identified as depleting resources and increasing hazards of improper treatment of waste from end products such as electronic gadgets - laptops, cell phones, smart phones, chips, wires or electronic durables - washing machine, oven, microwave etc. The level of e-waste generation, specifically in India has led for the need of transformation in processes of industries sail through the expected extinction of raw material. Effect of COVID-19 on industries and implication of CE model with industry 4.0, challenges and opportunities that its implementation may bring along have also been addressed in this paper.
Other Latest Articles
- DETERMINATION OF INTRINSIC VALUE: DIVIDEND DISCOUNT MODEL AND DISCOUNTED CASH FLOW METHODS IN INDONESIA STOCK EXCHANGE
- Compensation Management and Employee Wellbeing of Academic Staff in Ugandan Private Universities during COVID-19 Lockdown
- CREATION OF A RISK-BASED INTERNAL CONTROL ALGORITHM IN CONSTRUCTION ORGANIZATIONS
- CAN INDIAN HIGHWAYS BE TRANSFORMED FROM KILLER-WAYS TO SAFE-WAYS? DIRE NEED FOR A MULTI-PRONGED GOVERNMENT STRATEGY
- PROCESS REDESIGN AND INFORMATION TECHNOLOGY IMPACT ON PRODUCT QUALITY IN BICYCLE INDUSTRY: ASSESSMENT THROUGH BUSINESS PROCESS REENGINEERING
Last modified: 2021-02-25 20:46:00