Adoption of circular economy practices in supply chain management: a fuzzy TOPSIS approach to economic, social, and environmental prioritization
摘要
This study looks at supply networks’ adoption of circular economy (CE) practices, focusing on the environmental, social, and economic aspects. Important factors that influence the implementation of CE practices by supply chain management were highlighted in the study. The fuzzy TOPSIS technique is used in the study to prioritise economic, social, and environmental concerns. Experts with backgrounds in academia and industry who have worked in supply chain management and the CE were chosen. The findings indicate that risk-taking strategies, economic efficiency, sustainable resource efficiency, digitalisation, and smart technology all aid in the adoption of the CE. According to the Study, the most crucial elements for implementing CE in supply chain management are risk-taking strategy, economic efficiency, and digitalisation efficiency. Despite being limited to India, the study may have application elsewhere. Future research could consider different factors and methodologies. This Study provides valuable insights for professionals, scholars, businesspeople, and policy makers.