Circular Economy: Developing Framework for Circular Supply Chain Implementation for Energy Efficient Solution in Industry 4.0

The concept of a circular supply chain is becoming increasingly important in view of rising environmental concerns. Because traditional linear supply chains based on the "take, make, dispose" concept contribute significantly to resource depletion, waste generation, and environmental damage, implementing a circular supply chain can help organisations reduce their environmental impact, improve resource efficiency, and contribute to a more sustainable future. The objective of the current study is to identify the factors affecting implementation of the circular supply chain in India, examine the ways in which these factors interact, and finally rank them. A total of seventeen drivers were identified based on literature and expert opinions. Data was analysed using hybrid methodology combining Fuzzy Delphi Method, ISM technique and AHP approach. The findings show that environmental regulation (F1), climate change (F3), and green production processes (F2) are the most important and essential factors for creating circular supply chains. According to the study's conclusions, the industry will be encouraged to adopt a circular supply chain, which has major benefits for both businesses and society. By showcasing a dedication to sustainability and drawing in eco-aware clients and investors, a company's reputation can be enhanced by implementing a circular supply chain. A circular supply chain significantly reduces the amount of waste sent to landfills and incinerators, as well as the exploitation of natural resources, from an environmental standpoint.