In collaboration withWORLDBain Company andUniversity of CambridgeCircular Transformationof Industries:The Art of ScalingCircular Supply ChainsWHITE PAPERNOVEMBER 2025Images:Adobe StockContentsForeword3Executive summary4Introduction:Setting the course1 Key challenges:unpredictability,volatility and linear thinking72 Setting clear priorities:products,customers and markets103 Design options:building circular operations that work164 Enablers:catalysts for circular supply chains22Conclusion25Appendix:Case studies26Contributors32Endnotes34Disclaimerto a project,insight area or interaction.The findings,interpretations andendorsed by the World Economic Forumrepresent the views of the World EconomicForum,nor the entirety of its Members,reserved.No part of this pubication maybe reproduced or transmitted in any fommand recording,or by any informationCircular Transformation of Industries 2