Circular Supply Chains: Sustainability in Consumer Goods

Circular supply chains are recognized as a better alternative to the linear economic model. Circular supply chain management integrates the philosophy of circular economy into supply chains, offering it a compelling perspective on sustainability. The concept of a circular supply chain has recently attracted a lot of attention in terms of integrating sustainability into operations. Unlike linear supply chains from the past, this new approach is resource-efficient, waste-reducing, and is a closed-loop system. 

Circular supply chains reduce the environmental impact of the linear economy by optimizing the resources and minimizing waste. The method potentially improves the resilience of the supply chain through localization, collaboration, and digitalization. The study aims to ascertain the process of circular supply chains to check its feasibility of generating sustainability in consumer goods. Integrating sustainability in the supply chains is possible by adopting the circular economy model. The study explores best practices to accomplish this and evaluates the importance of adopting digital technologies in integrating closed-loop supply chains.