The aim of this article is to familiarize the reader with the concept of closed-loop supply chains from a business standpoint, which emphasizes the profitable recuperation of value from products that have been returned. Academics and practitioners have shown interest in reverse logistics and closed-loop supply chain issues due to various factors including environmental, legal, social, and economic considerations. In today's context, supply chains have become increasingly intricate, partly because of the environmental and economic challenges that we confront. As a result, there is a need for greater efficiency, recuperation of energy and materials, and cost reduction within the supply chains. The concerns regarding sustainability have prompted numerous industries to adopt closed-loop supply chains (SCs), resulting in a more intricate process that involves multiple vulnerabilities because of the close loop or multi-circular configuration, involving various reverse movements of goods, parts, and materials.