The interest of this study lies in the fact that the transition from a linear to a circular economy is of key interest in relevant business and academic fields, although the circular economy is an emerging issue and theoretical and empirical research has been limited until recently. However, circular business models are receiving more and more attention, and it is therefore strategically necessary to develop tools that facilitate their implementation. Therefore, because of increasing interest amongst research in the circular economy and sustainability, the purpose of the present study and its strength lies in the systematic presentation of both of these specific academic streams. The approach was qualitative and based on a systematic literature review. We examined several areas in which the circular economy has a place. We highlight sustainability, consumer behaviour, innovation, remanufacturing, operations management, supply chains, intellectual capital, 3D printing, big data, and recycling. We also consider drivers, challenges, the relationship between circular economy and small to medium-sized enterprises, and the influence of circular economy in specific sectors such as textiles and food. It is hoped that the study will facilitate a possible sustainable solution that contrasts with the current linear model of production and resource management. The circular economy has the potential to create positive synergies in economic, social, and environmental areas, despite its recent origin.