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Supply Chain 4.0 and the transition towards a circular economy
Circular economy aims to minimize waste and extend the life cycle of products and materials through innovative solutions and business models. Accurate and comprehensive data is required to be able to enhance the traceability of products and materials as well as improving the efficiency and transparency of the supply chain. In this regard, Supply Chain 4.0, which is a utilization of Industry 4.0 technologies in supply chain management, can enable the transition towards a circular economy. Industry 4.0 technologies such as the internet of things can help companies redesign their supply chain by leveraging extensive utilization of sensors, process automation, network creation and analysis of large amounts of data. This chapter explores the concept of Supply Chain 4.0 in the context of a circular economy. The aim is to identify the role of Industry 4.0 technologies in circular supply chains and examine how these technologies utilize data to enhance circularity within supply chains.
History
School
- Loughborough Business School
Published in
Environmentally Responsible Supply Chains in an Era of Digital Transformation Research Developments and Future ProspectsPages
238 - 254Publisher
Edward Elgar PublishingVersion
- VoR (Version of Record)
Rights holder
© Pietro Evangelista, Jukka Hallikas and Mohamad Y. JaberPublisher statement
This is a draft chapter/article. The final version is available in Environmentally Responsible Supply Chains in an Era of Digital Transformation Research Developments and Future Prospects edited by Pietro Evangelista , Jukka Hallikas , and Mohamad Y. Jaber, published in 2024, Edward Elgar Publishing Ltd https://doi.org/10.4337/9781803920207.00018. The material cannot be used for any other purpose without further permission of the publisher, and is for private use only.Publication date
2024-05-07Copyright date
2024ISBN
9781803920191; 9781803920207Publisher version
Language
- en