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The global pandemic disrupted the flow and pricing of raw materials and finished products, but circular economy models help build supply chain resilience in the face of such disruptions. Recent research from Gartner Senior Director Analysts Sarah Watt and John Blake offers guidance to chief supply chain officers (CSCOs) on how to start and advance their circular economy strategies. This article recaps their key points, edited for clarity and length. [swg_ad id=”38995″] How does the circular economy help supply chain resilience? In a traditional linear economy, products are made, used and disposed of. In a circular economy, resources are kept in use for as long as possible to extract the maximum value from them (unlike the traditional make, use, dispose model). At the end of a product’s life, materials are recovered and regenerated. The circular economy is based on three tenets that support supply chain resilience: Remove waste, complexity and toxicity from products for more effective end-of-life resource management. Keep raw materials in use for as long as possible and at their highest quality. Return materials into the environment with a positive impact. Applying the circular economy could unlock trillions of dollars in the global economy, create hundreds of thousands of
