Transitioning of Traditional Supply Chain to Circular Supply Chain
摘要
Applying the concept of the circular economy to the supply chain means moving from the linear models of a traditional supply chain to a new model of a circular supply chain that is entirely different in terms of ideas about resources and sustainability and economic stability. Most resource supply chains have relied on the successive linear value system that can be described as take-make-dispose process which suffers from resource over-exploitation and waste production. On the other hand, circular supply chains are those that try to reutilize materials and components as many times as possible in various forms in order to reduce wastage thereby embracing practices like recycling, remanufacturing as well as reusing products and the prolonging of their useful life. This chapter analyses the factors that facilitate organisations to pursue circular supply chain management as well as the key barriers: innovation in product design, supply chain management, and customer behaviour shift. It also provides examples of organisations that have established circular principles and witnessed that technology and data are core to circular journeys. Lastly, the purpose of this research is to deconstruct the multi-faceted transition towards the circular supply chain, so that the stakeholders have a clear picture of how the journey will be made, and in the process, it may offer a chance at better sustainability, improved economic returns, and thus, a better hold on the competitive base within the global market.