What is Circular Economy?

The current environmental crisis that we find ourselves in, is multidimensional – rising emissions, limited availability of resources, excess waste, and loss of biodiversity, are some of the common issues that every industry is facing today. There is a magic word which is conveniently used as a solution to many of these problems – Circular economy. This is a term given to a set of changes in supply chains of consumer and industrial products aimed at maximising the utilization of products and the materials  used in those products to minimize waste.  It can be implemented by reducing, reusing, recycling, and recovering of materials in supply chains.