Analyze the Barriers of Circular Economy initiatives in Developing Economies: A Novel Grey- DEMATEL Approach

摘要

The Circular Economy (CE) has gathered significant momentum across the globe due to its potential to optimize resource usage and minimize waste. Developing nations lag in the adoption of CE practices due to the presence of several barriers. This study assesses the relationship among fifteen barriers of circular economy initiative in the plastic supply chain in the context of developing nations. A Grey-DEMATEL methodology is used to analyze the causal interactions among selected barriers. Lack of advanced technology & innovation and poor coordination among SC members are identified as prominent barriers.