ANALYSIS OF SUPPLY CHAIN AND CIRCULAR ECONOMY

Abstract

Supply chain performance is a need that every industry looks forward to, but the responsibility towards the nature and resources also compel to see the importance of circular economy critical factors on the performance of the supply chain. To identify the critical factors, strong literature review was done and related to these factors; questionnaire was made and sent to the employees of different sectors. After collecting the survey data, Partial Least Square Path Modeling technique was used to check the relationship between these factors and performance of supply chain on applying them all. This technique comes under the category of data analysis. After running Consistent PLS algorithm in Smart PLS software 3.2.8, significance of the relationship amongst different factors was measured. The impact of the factors on supply chain performance was showed by t-statistics. This report is an effective effort to demonstrate this relation and also tells the stability of the purposed model. For future reference, new method like K-nearest neighbor could be used in accordance to this technique so the necessity of building model again and again is not required and the significance of the new factor can be predicted on the basis of its closeness to its neighbor.