Achieving the circular economy through environmental policies: Packaging strategies for more sustainable business models in the wine industry

Mura, Rita; Vicentini, Francesca; Botti, Ludovico Maria; Chiriacò, Maria Vincenza

doi:10.1002/bse.3556

Cited by 7 publications

(1 citation statement)

References 122 publications

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“…In their study, Mura et al [11] investigate the adoption of circular economy principles within the wine industry, focusing on sustainable packaging initiatives. The research underscores the crucial influence of environmental policies in facilitating this transition, identifying both obstacles and drivers for the integration of circular packaging methods.…”

Section: Introductionmentioning

confidence: 99%

Assessing the Financial Viability and Sustainability of Circular Business Models in the Wine Industry: A Comparative Analysis to Traditional Linear Business Model—Case of Georgia

Chkareuli,

Darguashvili,

Atstaja

et al. 2024

Sustainability

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In the contemporary global context, waste management and the judicious utilization of resources have emerged as pressing concerns. Consequently, the concept of a circular business model has gained prominence as a viable solution. This innovative model reframes waste not as a disposable byproduct but as an opportunity to generate new value, setting it apart from the conventional linear business model, particularly in financial, economic, and operational dimensions. Numerous industries grapple with the issue of excessive waste generation, among them the wine industry, notable for its substantial water and grape waste outputs. This predicament holds significant ramifications both on a global scale and within the specific context of Georgia. Yet, it also presents an innovative avenue for waste recycling. This study draws upon a comprehensive review of internationally recognized literature, noted for their scholarly significance and citation prevalence. In its practical segment, two distinct investment projects have been meticulously developed which seek to evaluate the financial viability of the circular business model in contrast to the conventional linear business model. The investment projects considered are as follows: 1. Under the framework of a linear business model, the company exclusively engages in the production and sale of wine. 2. Within the circular business model paradigm, the company not only produces wine but also harnesses waste processing to yield grape seed oil, which is subsequently marketed alongside wine bottles. Both models undergo rigorous scrutiny, employing a comprehensive analysis of key financial indicators essential for assessing project profitability and efficiency. The outcomes of this investigation reveal that, under identical capital investment conditions, the circular business model surpasses the linear model in terms of profitability. This underscores the potential for sustainable practices within the wine industry and the broader business landscape.

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Section: Introductionmentioning

confidence: 99%

Assessing the Financial Viability and Sustainability of Circular Business Models in the Wine Industry: A Comparative Analysis to Traditional Linear Business Model—Case of Georgia

Chkareuli,

Darguashvili,

Atstaja

et al. 2024

Sustainability

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Introducing reusable food packaging: Customer preferences and design implications for successful market entry

Noëth,

Van Opstal,

Du Bois

2024

Bus Strat Env

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To achieve the sustainable development goals and a transition to the circular economy, we need to tackle the problem of single‐use packaging. As reusable packaging options are increasingly available, both from a technical and business perspective, most studies focus on its technical and value chain aspects while largely ignoring customer perspectives. In this paper, we present results from survey data, evaluating customer preferences on reusable food packaging of 40 food product categories, controlling for shopping preferences, personal characteristics and environmental orientation. Our results inform business strategies on market entry for a wide array of food products. Support for reusable food packaging can be mainly found among younger and environmentally conscious customers, which can be identified as first‐mover customer segments. Awareness of the waste problem and the environmental impact of packaging, most specifically on the issue of ‘overpackaging’ food, are shown to be positively related to interest in reusable food packaging. Promising food product markets to introduce reusable packaging are eggs, dry food products and bread‐based products. Reversely, interest in reusable food packaging is low for frozen food products, even among environmentally conscious customers. We formulate recommendations for product managers, designers and policymakers, stressing the importance of social learning by showcasing successful implementations of reusable packaging in classical grocery store outlets.

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Which Strategic Control Suits Wine Family Companies to Improve Control? A Proposal Through the Balanced Scorecard in a Tuscany Wine Company of Michele Satta

Iannone,

Anceschi

2024

Thunderbird Intl Bus Rev

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In the last few years, growth and increased market and organizational complexity, including the effects of the pandemic era, require family firm members to develop managerial strategies to improve their businesses. This study pays attention to the study of strategic performance measurement systems, as important tools that, if well applied, positively influence business management, being directly linked to critical success factors. First, particular attention is on The Tuscany Region, in the area of Bolgheri. Second, to carry out the empirical study of this research, the first implementation of the Balanced Scorecard (BSC) will be realized with the collaboration of one company in the same Region. This article sheds useful insights for practitioners on the effective implementation of accounting and strategic innovations and it encourages wine companies to seriously weigh investing in developing strategic performance management systems.

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Achieving the circular economy through environmental policies: Packaging strategies for more sustainable business models in the wine industry

Cited by 7 publications

References 122 publications

Assessing the Financial Viability and Sustainability of Circular Business Models in the Wine Industry: A Comparative Analysis to Traditional Linear Business Model—Case of Georgia

Assessing the Financial Viability and Sustainability of Circular Business Models in the Wine Industry: A Comparative Analysis to Traditional Linear Business Model—Case of Georgia

Introducing reusable food packaging: Customer preferences and design implications for successful market entry

Which Strategic Control Suits Wine Family Companies to Improve Control? A Proposal Through the Balanced Scorecard in a Tuscany Wine Company of Michele Satta

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