Pollution, climate change, and the loss of natural resources are still major concerns
that must be addressed immediately. More and more, industries are realizing they
need to include sustainability, social responsibility, circular economy, and ethical
sourcing in their operations. This chapter aims to highlight how principles of the
circular economy ideas—reducing, reusing, recycling, and recovering—may help
to develop a sustainable supply chain, which is crucial in addressing these urgent
concerns from the industry revolution. Apart from environmental considerations,
industrial innovation, and sustainability inside supply chains, this chapter also
describes those techniques (data analytics, blockchain, internet of things [IoT],
artificial intelligence [AI], etc.) with the principles of the circular economy. Practicing
circular economy with supply chain management sustainability within the industry
and working towards a future that is more egalitarian, ecologically aware, and
resilient is highlighted in this chapter.
