what is circular supply chain

A circular supply chain is a supply chain framework where products are designed to be reused or recycled, creating a continuous loop, or circle. Circular supply chains are still the exception rather than the rule as there are challenges involving how to introduce circularity into conventional supply chains that are designed to move product forward into markets in a linear fashion. Creative logistics solutions are one way to overcome these challenges. As an example, some companies are exploring the use of e-commerce returns services as convenient channels for collecting end-of-life products.

The "take-make-dispose" approach to economic growth is becoming less tenable as more consumers demand sustainable products, and companies face increasing pressure to conserve the planet's finite resources.

[Read more...]Show less