Description
Background
• Circular economy stimulates a significant growth for supply chain organizations due to the consciousness on the environment, energy conservation and the global competitive atmosphere. Due to these factors, it is not only a single organization’s responsibility but also the responsibility of all the stakeholders in the supply chain. Rapid change in climate, pollution and customer expectations sum up the performance of sustainability of an organization.
• Circular economy primarily focuses on utilizing resources, conserving energy and managing physical flow of goods in supply chain systems effectively among the stakeholders. A concept that helps supply chain in the path of circular economy is industrial symbiosis with an intention to extract the maximum benefits of resources, products, energy consumption and synergize it to attain more sustainability across the supply chain.
• In this context, Manavalann and Jayakrishna. (2019) point out that Sustainable Supply Chain Management (SSCM) redefines the operational efficiency and can create a trend in the future strategic growth of the organization. Discovering new paths to support SSCM for circular economy becomes vital if the limits of sustainability are to be expanded.
• Some reflexion questions:
• How circular economy can be influenced in supply chain by recycling the industrial of product that can improve the sustainability of the organization?
• How to transform linear economy into circular economy to reduce the production wastages and reuse by-products as much as possible?
• How to recover the generated energy and optimize the utilization of available resources?
• How technology can help supply chain network to be more sustainable in terms of social accountability, environmental awareness and economic practices?
