Authors:-Research Scholar Viraj P. Tathavadekar, Associate Professor Nitin R. Mahankale
Abstract- The current research paper studies the integration of circular economy practice into supply chain management, in terms of optimal resource utilization, and environmental sustainability. It introduces the transition of the traditional linear supply chain model to a more circular one with strategies that would promote resource recovery, reuse, and regeneration. Paper deepens into key principles of the circular economy, which includes waste reduction, extended product life cycles, and reduced use of resources, all applicable at any level of the supply chain-from design to end- of-life management. The economic, environmental, and social benefits are analyzed through a comprehensive literature review and case studies concerning waste reduction, cost saving, and supply chain resilience during disruptions. Integration challenges in adopting circular economy principles among organizations, which include technological barriers, regulatory impediments, and change barriers, are further discussed. It ends with strategies to overcome such barriers through collaboration, innovation, and the effective use of tools in the digital world, for more sustainable, circular supply chain.
DOI: DOI:10.61463/ijnrefm.vol.3.issue1.108
