Circular economy after COVID-19 pandemic

Abstract

Managerial practice focuses largely on performance management. But because the Covid-19 pandemic has revealed the painful fragility of many of our systems, leaders are focusing on resilience; and with the loss of biodiversity, climate action and sustainable resource management should be a priority in the recovery phase. Sustainable management of natural resources, including smarter use of materials, has many benefits: it reduces the rate of depletion of natural resources. It generates opportunities, including low material supply dependencies and economic diversification towards resilient business models with a circular economy and jobs. Lower input levels help reduce waste streams and emissions and reduce costs for producers and consumers. In addition, it stimulates innovation, the creation of new industries and stimulates economic competitiveness. Objective: This article will examine the measurement of post-pandemic resilient business in the Republic of Moldova through circular economy indicators. Building and managing resilience and circularity in the private sector today will ensure a swifter and more sustainable economic recovery for the coming years; Method: Among many other aspects, we have highlighted the number of citations, their intertemporal evolution, those authors and publications with the greatest impact, the most common keywords, etc. In order to assess measurement of post-pandemic resilient business in Moldova through circular economy indicators, was conducted an interview based on perception of experts within analysed firms from food industry; Results: Finally, our study, has allowed us to carry out a deep analysis and focus on resilience post-Covid-19 that emphasizes sustainable resource management and the circular economy's potential to diversify feedstocks, localize resource sharing, and redesign manufacturing systems, necessitating extensive innovation and stakeholder engagement for a zero-waste, resilient future. Originality: The study's unique approach centers on merging post-Covid-19 resilience thinking with an emphasis on sustainable resource management, specifically highlighting how the circular economy can diversify feedstocks, facilitate local resource sharing, and transform manufacturing systems to realize a waste-free, resilient future through comprehensive innovation and engagement of stakeholders. The article was developed within the framework of Subprogram 030101 „Strengthening the resilience, competitiveness, and sustainability of the economy of the Republic of Moldova in the context of the accession process to the European Union”, institutional funding.