The Role of Disruptive Technology for a Circular Economy: Value Added by Data-Driven Intelligence Sankar Sivarajah & Jyoti Mishra.

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Presentation transcript:

The Role of Disruptive Technology for a Circular Economy: Value Added by Data-Driven Intelligence Sankar Sivarajah & Jyoti Mishra

Tweet: @SankarSivarajah What a load of rubbish! 17 November, 201817 November, 2018 Tweet: @SankarSivarajah

Circular Economy: Making it happen! Collaboration Rethinking incentives Technology Leading by example and driving up scale fast Access to financing 17 November, 201817 November, 2018 Tweet: @SankarSivarajah

Disruptive technologies? “”A disruptive technology is one that displaces an established technology and shakes up the industry or a ground-breaking product that creates a completely new industry.”   Clayton M. Christensen 17 November, 201817 November, 2018 Tweet: @SankarSivarajah

Tweet: @SankarSivarajah 17 November, 201817 November, 2018 Tweet: @SankarSivarajah

Tweet: @SankarSivarajah 17 November, 201817 November, 2018 Tweet: @SankarSivarajah

Tweet: @SankarSivarajah Research Rationale Extant literature (Urbinati et al., 2017; Heyes et al., 2017) highlights CE from: an industrial ecology social sciences product design view point However… “Lack of research looking at the role of digital technologies such as intelligent assets and connectivity for the proliferation of CE (Morlet et al., 2016; Despeisse et al., 2017)…” 17 November, 201817 November, 2018 Tweet: @SankarSivarajah

Tweet: @SankarSivarajah Circular Economy Adaptive Supply Chain Digital Technology Research Aim To explore if data-driven intelligence through the use of IoT could enable reduction of manufacturing waste by enabling a more targeted delivery of customised products that specify user needs in different context across the product/service lifecycle… 17 November, 201817 November, 2018 Tweet: @SankarSivarajah

Characteristics of Adaptive Supply Chain Execution Product Lifecycle Management Item Level Inventory Tracking Automatic Receiving Intelligent Shelf Automatic Checkout Security Last 50 yards Product Related On Sell Waste Disposal Raw Material Manufacturer Manufacturer Finished Goods / Warehouse Distribution Retailer In Store Reactive Marketing Fleet Maintenance & Repairs Improved Production Planning Asset Tracking Proof of Delivery Vendor Managed Inventory In Store Availability Plant Maintenance Characteristics of Adaptive Supply Chain Execution Real Time Proactive Intelligent Collaborative Visible Event Driven Responsive Coordinated Closed-Loop 17 November, 201817 November, 2018 Tweet: @SankarSivarajah

Traditional Linear Supply Chain vs. Digitally Enabled Supply ecosystem 17 November, 201817 November, 2018 Tweet: @SankarSivarajah

Tweet: @SankarSivarajah 17 November, 201817 November, 2018 Tweet: @SankarSivarajah

Winnow: Data-backed stories that drive change The Need - each year an estimated USD 100 billion worth of food is thrown away by the hospitality industry, mainly due to overproduction. The Solution - a simple way of collecting data on food waste in commercial kitchens What makes this smarter - Winnow analytics correlates food waste to sales directly connecting  behaviour changes to increased profits.   The result - restaurants that use this system have cut food waste by between 40 - 70%, leading to increases profit margins by 50% or more as well as reducing carbon emissions 17 November, 201817 November, 2018 Source: https://www.ellenmacarthurfoundation.org/case-studies/data-backed-stories-that-drive-change

Tweet: @SankarSivarajah Future Directions Development of conceptual framework Identification of potential case studies – current talks with Morrisons Validate the framework 17 November, 201817 November, 2018 Tweet: @SankarSivarajah

Faculty of Management and Law THANK YOU Email: u.sivarajah@bradford.ac.uk Twitter: @SankarSivarajah