A circular economy is an industrial system that is restorative or regenerative by intention and design. It replaces the end-of-life concept with restoration, shifts towards the use of renewable energy, eliminates the use of toxic chemicals, which impair reuse and return to the biosphere, and aims for the elimination of waste through the superior design of materials, products, systems and business models. The new dimensions of product development and reuse concept in circular economy would also significantly increase the operational facility and network complexity. In this line, Internet of Things is a new emerging technology along with artificial intelligence is proposed to overcome the challenges in circular economy concept…