The Circular Economy and its Impact on Supply Chain Sustainability
The circular economy promotes sustainability by keeping materials and products in use for as long as possible. Supply chains play a crucial role in implementing circular practices through design for circularity, efficient reverse logistics, collaborative networks, resource recovery and recycling, and product life extension. Embracing the circular economy offers numerous benefits, including reduced resource consumption, minimized waste generation, and new business opportunities. However, it requires a systemic shift in mindset and practices, as well as collaboration among stakeholders. The circular economy is a powerful approach to achieving supply chain sustainability and driving long-term success.