Definition
A Circular Supply Chain integrates circular economy principles into the supply chain to recycle, reuse materials, and minimize waste.
Benefits
-
Sustainability: Reduced resource consumption and CO₂ emissions.
-
Cost Savings: Reuse of materials lowers procurement costs.
-
Competitive Advantage: Meeting ESG requirements.
Applications
Used in the textile and electronics industries, for example, for take-back programs and recycling. Digital platforms support material traceability.