Circular supply chains are strongly associated with sustainable supply chains. Circular supply chains focus on maximizing the lifespan of products, assets, and infrastructure. They prioritize reusing, repurposing, and recycling materials to ensure they are transformed and used again.
The goal of this type of circular system is to achieve a more resilient supply chain. By converting waste streams into value streams, the system aims to mitigate the impact and cost of waste, while reducing reliance on finite virgin resources. Circular supply chains enable alternative, flexible strategies for sourcing to offset resource scarcity and volatility.
Read how a circular approach builds supply chain resilience