Characterizing Circular Supply Chain Practices in Industry 5.0 With Respect to Sustainable Manufacturing Operations

Abdul Sami, Umair Manzoor, Asmara Irfan and Farhan Sarwar
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Abdul Sami: University of Jhang, Punjab, Pakistan
Umair Manzoor: University of Jhang, Punjab, Pakistan
Asmara Irfan: University of Jhang, Punjab, Pakistan
Farhan Sarwar: University of Education, Lahore, Pakistan

Journal of Management and Research, 2023, vol. 10, issue 1, 84-105

Abstract: The current research investigated the significance of circular supply chain practices in Industry 5.0 with respect to their sustainable manufacturing operations. Through a comprehensive review of the literature, the current study identified key circular supply chain practices and their potential benefits for Industry 5.0. The findings indicated that closed-loop supply chains, sustainable sourcing, product design for circularity, and waste reduction may assist Industry 5.0 firms to achieve their sustainability objectives while enhancing the operational efficiency. Moreover, the study also highlighted the challenges associated with the implementation of circular supply chain practices including the necessity for collaboration among supply chain partners, investment in new technologies and infrastructure, and the development of new skills and capabilities. From a practical and managerial perspective, the implications suggest that firms aiming to adopt circular supply chain practices in Industry 5.0 should prioritize collaboration and coordination, make investments in new technologies and infrastructure, and foster the acquisition of new skills and capabilities. To complement this research, future studies could employ empirical research methods in order to validate the findings and recommendations as well as explore potential barriers to the implementation of circular supply chain practices in Industry 5.0.

Keywords: circular supply chain; closed-loop supply chains; Industry 5.0; manufacturing operations; product design for circularity; sustainability; sustainable sourcing; waste reduction (search for similar items in EconPapers)
JEL-codes: J20 L60 Q01 (search for similar items in EconPapers)
Date: 2023
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