Manufacturing industries have started to adopt a circular economy framework as an alternative to a traditional linear economy in which resources are made, used and then disposed of.
Is a regenerative and restorative model where products, components, and materials are re-used multiple times with a circular value chain, aiming to keep their highest utility and value at all times.
Circular supply chains, recovery, and recycling are two other business models developed around the circular economy.
Circular supply chains encourage the use of recyclable materials and renewable energy. An example of that is biomas renewable energy from plants, waste and timber of what is called “biomass feedstocks”.
Recovery and recycling are based on the recovery and utilization of end-of-life products and raw materials. An example of this is the recovery of recycled aluminum to manufacture lightweight electric vehicles in the automotive industry.
These expert business models of circular economy raised the demand for the proficiency of supply chains and digital logistics where efficient management of materials and better control of orders are interpreted to money, time, and effort savings adding significant cost benefits.
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