Building a Circular Supply Chain

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The circular economy is a solution to supply chain challenges. It focuses on resilience, cost reduction, and sustainability. Examples include extending EV battery life and reusing office furniture. Supply chain leaders are crucial for this transition, which involves eliminating waste and using circular processes. It requires partnerships, information sharing, and circular inputs. Nine key areas for supply chain leaders include structure, network design, supplier engagement, data, metrics, business models, customer engagement, finances, and policy. In essence, the circular economy transforms supply chains for resilience and sustainability, led by supply chain leaders.