Circular economy business model design

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).