Role of Circular Economy, Industry 4.0 and Supply Chain Management for Tribal Economy: A Systematic Review

Abstract

The linkage of Circular Economy (CE) with Industry 4.0 (Ind 4.0) can help in tapping the hidden creativity and innovation in Supply Chain Management (SCM) through an intersection of the natural and digital world. The authors have attempted to establish a connection between CE, Ind 4.0 and SCM in context of tribal economy. In this paper a systematic literature review (SLR) of 47 research articles using the PRISMA protocol and VOSviewer Software has been done. The SLR is based on peer-reviewed articles which were extracted from the Web of Science Database between 2015 and 2022. The VOSviewer software helped the authors in identifying three key themes: (i) Integration/Interoperability between Ind 4.0, Circular Economy Model and Supply Chain Management to achieve Sustainability; (ii) Challenges & Emerging Opportunities for Tribal economy and (iii) Relationship between Ind 4.0, Supply Chain Management & Circular Economy. Furthermore, the paper proposes a conceptual framework in the form of ‘Barriers, Mitigation Strategies & Opportunities’ associated with the integration of CE and Ind 4.0. This study would help in acknowledging the role of integrated systems (CE, Ind 4.0 and SCM) which may help in improving the current tribal working culture.

Building a Better Future with Sustainable Investments: Insights from Recent Research

“…This framework can assist various scholars and academicians in addressing the causes and effects of various inhibitors and providing strategies and solutions to remove them. The framework provides a structured and segregated outlook on factors and drivers associated with a particular theme (Aggarwal & Manaswi, 2022). This approach would assist in providing global uniformity to regulatory bodies as well as financial markets.…”