Circularity, in the form of re-use, is not really new as a business model. Look at Goodwill, Habitat For Humanity’s Re-Store, and countless local consignment and thrift stores. eBay, Etsy, and Facebook Marketplace provide an online forum to convert one person’s trash to someone else’s treasure. A quick trip to the post office and the deal is sealed. Waste averted.
When many companies produce products, they also produce by-products. Often, they have no use for these by-products and so they are discarded or sold off as scrap. But companies that embrace sustainability do not accept this fate. Some companies have found a way to turn their waste streams into revenue streams...
Integrated Supply Chain Planning is the best way to be sure that you are running your business in a way that is best for your whole business. When you address your energy needs independent of your supply chain planning you can drive up costs unnecessarily and create rework. Industrial gas companies know this better than most because their production process is an extremely energy-intensive one. Keeping energy use to its minimum is a pinnacle of smart sustainable business practices.
Learn how climate action relates to supply chain management. Achieving full-scale sustainability and circularity cannot happen without end-to-end alignment, hierarchical connectivity, integration of all parts of your supply chain, performance metrics, and business processes. And this alignment needs to be part of your existing supply chain before you can take it to the next level.