Enhancing Value Chain Activities for Transitioning Towards a Circular Economy Approach: An Applied Study in Al-Ameen Industrial Company in Baghdad, Iraq
Keywords:
Value Chain, Circular Value Chain, Circular EconomyAbstract
The research aims to illustrate the integrative relationship between the recycling and closure of the value chain on one hand, and the adoption of a circular economy approach on the other. The study highlights that a circular value chain is one of the key factors for the success of the transition to a circular economy. The shift from a linear economy to a circular economy and the success of its adoption lead to the effective functioning of value chain activities in achieving sustainable value for economic units. The research population consists of government factories at the Vegetable Oils Company, with the research sample being the Al-Ameen Factory, specializing in soap and cleaning products manufacturing.
The primary data collection tools involved financial statement analysis and interviews with production engineers. The analysis focused on cost elements such as raw materials, wages, and indirect industrial costs, with recommendations to reduce these costs based on improving and recycling the value chain activities.
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