Circular Supply Chains
Supply chain models that focus on the reuse, recycling, and refurbishment of products, creating a closed-loop system that reduces waste and environmental impact.
Implications
Supply chains that are designed to support a circular economy, where products, components, and materials are reused, refurbished, or recycled, reducing waste and environmental impact while promoting sustainability and resource efficiency.
Example
Example: An electronics manufacturer develops a circular supply chain by designing its products for easy disassembly and recycling, allowing components to be reused in new products and reducing the need for raw material extraction.
Related Terms
Different from linear supply chains, which move products from production to disposal, circular supply chains emphasize closed-loop systems where materials are continuously reused and recycled.
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