Circular Supply Chain Management: Evaluating Circular Models, Technology and Competencies in Manufacturing Industries of Finland

Abstract

For any foreseeable economy and society, the industry is an integral part of a provider of employment and essential materials as it is connected to almost all industry value chains. Yet, the industry faces major challenges and uncertainties. The Finish manufacturing industry have experienced rapid growth in recent years. The rapid growth has raised both hopes concerning the economic benefit and fears of environmental degradation.

The industry in Finland has is heavily dependent on the imported concentrates and the research is focused on defining the level of impacts of the environmental impacts of the domestic and international supply. Environmental sustainability is the point of focus among Finnish companies with major adjustments seen in the production machinery and the source of raw materials. Manufacturing companies have in the recent time implemented the circular supply chain management whereby in addition to mining raw material the recycles material what is already in the field to create a new product. Companies are looking to implement the circular supply chain management to ensure that raw material sourcing is sustainable through the wide application of recycling. Supply chain management has a significant role in closing the circulatory gap in resource sustainability in the industry in Finland. While the focus is significantly on the circular business model, technology, and how it can be used to enhance the supply chain and sustainability in the industry.