Journal
BUSINESS STRATEGY AND THE ENVIRONMENT
Volume 30, Issue 7, Pages 3255-3272Publisher
WILEY
DOI: 10.1002/bse.2801
Keywords
business strategy; circular economy; environmental policy; Industry 4; 0; stakeholder engagement; sustainable development; sustainable lean production
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Funding
- University of Messina
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This article focuses on the relationships among sustainable production, lean production, and Industry 4.0, emphasizing the importance of adopting lean methodology and Industry 4.0 technologies in sustainable development for companies. The study highlights the challenges, opportunities, and future outlooks proposed by the principles of circular economy and production chain model.
Over the past 10 years, the concepts and objectives of circular economy have been increasingly detailed and become strategic issues of international, European, and national policies. However, the transition towards circular production models continues to be affected by several barriers and critical factors that make the transition difficult to achieve. The paper tries to design a relationship between sustainable production and lean production, highlighting the opportunity to invest in reverse-logistics and how Industry 4.0 system represents a breeding ground for circular economy targets application. The aim of the current study is to examine the relationships among sustainable production, lean production, and Industry 4.0 in order to evidence the need to adopt a lean methodology and Industry 4.0 technologies in a sustainable development perspective for companies. Following a holistic vision, the authors summarize the production principles and formulas, which, although in parallel, lead to similar results and therefore represent the pillars of a competitive and sustainable business. In conclusion, exploring the circular economy principles and production chain model, challenges, opportunities, and future outlooks are formulated.
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