Achieving Sustainability through Circular Supply Chain Management
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School of Business |
Bachelor's thesis
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Date
2023
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Mcode
Degree programme
Tieto- ja palvelujohtaminen
Language
en
Pages
20 + 2
Series
Abstract
Climate change is a global problem, which actively drives companies to look for sustainable solutions in everyday operations. Consumers are also becoming more environmentally conscious and purchase products that are manufactured and transported in a sustainable way. This has led to the implementation of sustainable solutions in supply chains becoming more important not only for the climate but to maintain a positive image in the consumer’s eyes. This thesis analyses the advantages and disadvantages of implementing a circularity in supply chain operations. The theory of circular supply chain management seeks to shrink resource consumption and waste, and to minimize harmful environmental effects with the aid of the circular economy model. In these circular supply chains products and materials are recycled at the end of their lifespan so that the resources are kept in use for a longer period. The goal of the review is to provide information about the benefits of circular supply chain management and explore already existing literature on just how it can have a positive effect. The thesis analyses the benefits from an economic, social, and environmental perspective. The circular economy model aims to maintain resources in use for as much time as viable by maximizing their utilization and it is a key concept in achieving sustainability through circular supply chain management. The concept of circular supply chain management has surfaced as a solution to reach more sustainable resource management. This thesis highlights the significance of adopting circular models in supply chain management and the benefits that it can yield to both businesses and the environment.Description
Thesis advisor
Kim, SeongtaeKeywords
circular economy, supply chain, sustainability, climate change