An analysis on sustainable supply chain for circular economy

Abstract

In recent years, organizations have started focusing on sustainable and green practices to address environmental, social, and economic concerns that form an approach which strives for the growth of an organization to encourage adapting the circular economy. The objective of circular economy is to extract the advantage of materials, energy and wastes of an industry. The circular economy associates the supply and demand of supply chain industries to improve resource efficiency. The research paper has analyzed a case example in a supply chain organization to meet industry 4.0 requirements and enable circular economy. An analysis on supply chain industry has been conducted with the focus on 6Rs such as Recover, Reuse, Remanufacture, Recycle, Redesign, Reduce. The article highlights the opportunities available in the transformation from linear economy to circular economy, which improves social, economic and environmental drivers of the organization. In addition, it also discusses the opportunities available in industry 4.0 for circular economy.