Closed-loop supply chains: A strategic overview

James Abbey; Daniel Guide; Xichen Sun

doi:10.1007/978-3-031-45565-0_15

Closed-loop supply chains: A strategic overview

James Abbey
, Daniel Guide
, Xichen Sun

Research output: Chapter in Book/Report/Conference proceeding › Chapter › Scientific

4 Citations (Scopus)

183 Downloads (Pure)

Abstract

Managers that consider a closed-loop supply chain just another environmental initiative need to update their thinking. Modern firms that use closed-loop supply chains as a competitive strategy receive many benefits—particularly higher profitability and control over a product’s entire lifecycle. In fact, the market for multiple lifecycle products continues to grow, with estimates holding that remanufactured product sales exceed $100 billion per year. As a result of analyzing the ever-growing remanufacturing sector through years of working with managers in numerous industries, various levers and themes surrounding effective closed-loop supply chain strategies became apparent. This chapter presents these findings and shows how firms in multiple industries experienced both successes and failures of their closed-loop supply chain strategies, recently also synonymously called circular economy strategies.

Original language	English
Title of host publication	Springer Series in Supply Chain Management
Subtitle of host publication	A Research-Based Textbook on Operations and Strategy
Editors	Yann Bouchery, Charles J. Corbett, Jan C. Fransoo, Tarkan Tan
Publisher	Springer Cham
Pages	355-378
Number of pages	24
Edition	Second Edition
ISBN (Electronic)	978-3-031-45565-0
ISBN (Print)	978-3-031-45564-3
DOIs	https://doi.org/10.1007/978-3-031-45565-0_15
Publication status	Published - 11 Apr 2024
Externally published	Yes

Publication series

Name	Springer Series in Supply Chain Management
Volume	23
ISSN (Print)	2365-6395
ISSN (Electronic)	2365-6409

Keywords

Closed-loop supply chains
Sustainable supply chain design
Managing consumer returns
Circular economies
Strategic reuse
Servicizing
Returns management

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

Access to Document

10.1007/978-3-031-45565-0_15

978-3-031-45565-0_15

Cite this

Abbey, J., Guide, D., & Sun, X. (2024). Closed-loop supply chains: A strategic overview. In Y. Bouchery, C. J. Corbett, J. C. Fransoo, & T. Tan (Eds.), Springer Series in Supply Chain Management: A Research-Based Textbook on Operations and Strategy (Second Edition ed., pp. 355-378). (Springer Series in Supply Chain Management; Vol. 23). Springer Cham. https://doi.org/10.1007/978-3-031-45565-0_15

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Abbey, J, Guide, D & Sun, X 2024, Closed-loop supply chains: A strategic overview. in Y Bouchery, CJ Corbett, JC Fransoo & T Tan (eds), Springer Series in Supply Chain Management: A Research-Based Textbook on Operations and Strategy. Second Edition edn, Springer Series in Supply Chain Management, vol. 23, Springer Cham, pp. 355-378. https://doi.org/10.1007/978-3-031-45565-0_15

Closed-loop supply chains: A strategic overview. / Abbey, James; Guide, Daniel; Sun, Xichen.
Springer Series in Supply Chain Management: A Research-Based Textbook on Operations and Strategy. ed. / Yann Bouchery; Charles J. Corbett; Jan C. Fransoo; Tarkan Tan. Second Edition. ed. Springer Cham, 2024. p. 355-378 (Springer Series in Supply Chain Management; Vol. 23).

Research output: Chapter in Book/Report/Conference proceeding › Chapter › Scientific

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AB - Managers that consider a closed-loop supply chain just another environmental initiative need to update their thinking. Modern firms that use closed-loop supply chains as a competitive strategy receive many benefits—particularly higher profitability and control over a product’s entire lifecycle. In fact, the market for multiple lifecycle products continues to grow, with estimates holding that remanufactured product sales exceed $100 billion per year. As a result of analyzing the ever-growing remanufacturing sector through years of working with managers in numerous industries, various levers and themes surrounding effective closed-loop supply chain strategies became apparent. This chapter presents these findings and shows how firms in multiple industries experienced both successes and failures of their closed-loop supply chain strategies, recently also synonymously called circular economy strategies.

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KW - Sustainable supply chain design

KW - Managing consumer returns

KW - Circular economies

KW - Strategic reuse

KW - Servicizing

KW - Returns management

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Closed-loop supply chains: A strategic overview

Abstract

Publication series

Keywords

UN SDGs

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