Analysis of circular strategies: A case study of the food processing industry

Raquel Fernandez-Gonzalez (), Rosa Maria Ricoy-Casas, Zita Graca Teixeira Pereira and Jorge Eduardo Vila Biglieri
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Raquel Fernandez-Gonzalez: University of Vigo
Rosa Maria Ricoy-Casas: University of Vigo
Zita Graca Teixeira Pereira: University of Vigo
Jorge Eduardo Vila Biglieri: University of Vigo

E&M Economics and Management, 2025, vol. 28, issue 3, 261-279

Abstract: This research investigates the implementation of the circular economy in the Galician canned fish and seafood sector. This sector is crucial, producing 225,000 t annually and representing 75% of Spain’s total production, significantly contributing to the regional economy and employment. Moreover, this industry significantly contributes to the regional economy employing around 12,000 people. Using the PESTLE methodology, the study systematically and holistically examines the most relevant systems and actors in the sector. The analysis is complemented by a SWOT analysis, enriched through brainstorming sessions with 24 industry experts who evaluated and scored each factor’s importance from 0 to 1. From the analysis of the external environment of the circular strategy that the industry is exposed to and does not control, economic uncertainty is identified as the main threat (0.8) and technological innovation as the main opportunity (0.9). The internal environment analysis, influenced by the industry’s current situation, identified the main weakness of the circular strategy as high implementation costs, and the main strength is institutional and regulatory support (0.9). The results highlight significant institutional and regulatory support, availability of public subsidies, and strong technological and research capabilities as major strengths. However, the sector faces challenges such as dependence on public funding, high implementation costs, and a lack of qualified workforce. Opportunities include growing demand for sustainable products and technological innovation, while threats encompass economic uncertainty and global competition. The conclusions emphasize the need for strategic management of these factors to ensure the successful adoption of circular economy practices. Specifically, enhancing collaboration between the public and private sectors, increasing investment in innovation and workforce training, and leveraging favorable legislation are crucial for improving the sector’s sustainability and competitiveness. By strategically managing these elements, the Galician canned fish and seafood sector can not only enhance its environmental sustainability but also achieve greater economic resilience and market competitiveness. This comprehensive approach ensures that the sector can effectively transition to a circular economy, benefiting both the environment and the industry’s long-term viability.

Keywords: Processing fish industry; green strategy; strengths; weaknesses; Spain (search for similar items in EconPapers)
JEL-codes: O30 O40 O50 Q50 (search for similar items in EconPapers)
Date: 2025
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https://doi.org/10.15240/tul/001/2025-5-007

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Persistent link: https://EconPapers.repec.org/RePEc:bbl:journl:v:28:y:2025:i:3:p:261-279

DOI: 10.15240/tul/001/2025-5-007

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