Analysis of the application of the circular economy model in Ecuador companies

Abstract

Circular economy models have provided a series of strategies to improve production processes within organizations, focusing on social, economic and environmental aspects. Protecting the environment, reducing expenses, costs and raw material extraction are their main objectives. Little by little, the interest in circular economy is gaining ground at a national and international level, the production processes in the companies that are applying C.E. models have become more sustainable, reducing the negative impact on nature. To learn more about this progress, a Bibliographic review of journals and articles on the subject has been conducted, focusing on the circular economy project, Eco - Kaizen of the MAVESA group. As final results, it is known that applying the circular economy model in Ecuadorian companies contributes positively to their relationship with environmental conservation, emphasizing also the reduction of costs, expenses and extraction of unnecessary raw materials. The repercussions have been positive, creating an efficient and clean productivity that favors future generations.