Supply chains is defined as a sequence of production process from the raw material sourcing, processing to production and distribution of the goods to the end user, consisting of four steps- integration, operations, purchasing and distribution. It consists of a network and connection of all the individuals, organizations, resources, activities, and technology involved in the creation and sale of a product. A supply chain encompasses everything from the delivery of source materials from the supplier to the manufacturer through to its eventual delivery to the end user.
Published in Chapter:
Sustainable Supply Chains for Circular Economy in the Health Sector: Challenges and Opportunities Post Pandemic
Copyright: © 2023
|Pages: 20
DOI: 10.4018/978-1-6684-7664-2.ch021
Abstract
The key economic problem is a scarcity of resources, the ‘circular economy' has the potential solution to efficiently use resources and reduce production and consumption waste. Adopting a sustainable circular economy model for human production and consumption is necessary for securing sustainable supply chains, for the sustainable future of households, firms, governments, and the rest of the world, particularly under the ‘new normal' situation; to reduce, reuse, and recycle in order to restore, and regenerate the environment for inclusive economic growth and prosperity. The circular economy in the health sector has the potential in achieving numerous sustainable development goals. There are various challenges and opportunities related to adopting and transitioning to a circular economy model and embedding the culture by the various stakeholder in production and consumption in different sectors of the economy such as agriculture, manufacturing, and the health sector in developed and developing countries.