Barriers in Implementing Circular Economy in Supply Chains

Abstract

Textiles, electronics, and Fast Moving Consumer Goods (FMCG) are a few industries that face significant challenges in adopting Circular Economy (CE) models. The implementation of CE standards in the textile industry is hindered by issues such as complex product design, sourcing raw materials, recycling waste, and high raw material prices. Similar to this, the electronic sector encounters both internal and external obstacles that impede the successful use of Green Supply Chain Management (GSCM), such as budgetary worries, a lack of laws, and technological constraints. When switching from linear to circular models, the FMCG industry also faces logistical, financial, regulatory, and technological challenges. Despite these obstacles, there are chances to go past them with the help of financial plans, technical developments, and teamwork. To successfully transition to circular economy models and reap long term economic, environmental, and societal benefits, this research emphasizes the importance of sustainable behaviors.