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Open AccessArticle

Sustainable Circular Business Model for Transparency and Uncertainty Reduction in Supply Chain Management

1
School of Economics and Management, Guangdong University of Petrochemical Technology, Maoming 525000, China
2
School of Education and Modern Languages, College of Arts and Sciences, Universiti Utara Malaysia, Sintok 06010, Kedah, Malaysia
3
Department of Business at Seneca College of Applied Arts and Technology, Seneca College, Toronto, ON M2J 5G3, Canada
4
School of Business, Skyline University College, Sharjah 1797, United Arab Emirates
*
Author to whom correspondence should be addressed.
Academic Editor: Hassan Qudrat-Ullah
J. Theor. Appl. Electron. Commer. Res. 2021, 16(4), 959-975; https://doi.org/10.3390/jtaer16040054
Received: 24 December 2020 / Revised: 13 February 2021 / Accepted: 2 March 2021 / Published: 8 March 2021
(This article belongs to the Special Issue Big Data and Machine Learning in Electronic Commerce)
Circular Supply Chain Management (CSCM) incorporates the economy concept into supply chain concepts, which gives the supply chain sustainability domain an innovative and convincing viewpoint. The challenging factors in the circular economy are cooperation, trust, and transparency. Therefore, to achieve sustainable results, collaboration, and openness between organizations within networks and value chains are required. This paper explores the sustainability success using the Sustainable Circular Business Model (SCBM) to incorporate the principle at an operational level and suggest a structure for combining Circular Business Model (CBM) and CSCM for sustainable growth. The proposed structure shows how various circular business structures power the global supply chain in multiple loops. The circular business models differ according to the difficulty of the Circular Supply Chain (CSC) and the value proposition. Proposed SCBM shows that circular market and supply chain aid in reaching goals for sustainability has been discussed in this research. View Full-Text
Keywords: circular economy; supply chain management; circular business models; sustainable development circular economy; supply chain management; circular business models; sustainable development
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MDPI and ACS Style

Zhang, D.; Huang, X.; Wen, Y.; Trivedi, P.; Joghee, S. Sustainable Circular Business Model for Transparency and Uncertainty Reduction in Supply Chain Management. J. Theor. Appl. Electron. Commer. Res. 2021, 16, 959-975. https://doi.org/10.3390/jtaer16040054

AMA Style

Zhang D, Huang X, Wen Y, Trivedi P, Joghee S. Sustainable Circular Business Model for Transparency and Uncertainty Reduction in Supply Chain Management. Journal of Theoretical and Applied Electronic Commerce Research. 2021; 16(4):959-975. https://doi.org/10.3390/jtaer16040054

Chicago/Turabian Style

Zhang, Dawei; Huang, Xiuli; Wen, Yunfeng; Trivedi, Pooja; Joghee, Shanmugan. 2021. "Sustainable Circular Business Model for Transparency and Uncertainty Reduction in Supply Chain Management" J. Theor. Appl. Electron. Commer. Res. 16, no. 4: 959-975. https://doi.org/10.3390/jtaer16040054

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