The correct option is b. closed-loop supply chain
Closed-loop supply chain is designed to optimize both forward and reverse flows.
What is closed-loop supply chain?
Businesses recycle their waste volume to make new products in such a closed-loop supply chain. This method of resource conservation and energy conservation is sustainable.
Some characteristics of closed-loop supply chain are-
- Although there are many natural resources on the planet, such as freshwater and oil, they are limited and will eventually run out.
- Fortunately, numerous governments all across the world have created and put into effect ways to lessen resource waste.
- Likewise, companies can contribute to the preservation of natural resources by implementing the closed-loop supply chain (CLSC).
- The appeal of a CLSC or negligible supply chain is that it centers on material reuse, composting, and recycling.
- As a result, the closed-loop supply chain encourages manufacturers to come up with creative uses for End-of-Life (EOL) products rather than disposing of them in landfills.
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