background image

Circular supply chains: 9 focus areas to maximize impact

author image

By illuminem briefings

· 2 min read

illuminem summarizes for you the essential news of the day. Read the full piece on GreenBiz or enjoy below:

🗞️ Driving the news: The creation of circular supply chains represents a transformative step towards decoupling resource consumption from revenue generation, offering a path to more sustainable and resilient business practices
• This shift from linear to circular supply chains involves significant complexity but holds the potential for substantial environmental and economic benefits

🔭 The context: Traditional supply chains, which are linear, contribute to resource depletion and environmental degradation
• In contrast, circular supply chains aim to reuse, recycle, and reduce waste throughout the product lifecycle, from raw material sourcing to end-of-life management

🌍 Why it matters for the planet: Circular supply chains can significantly reduce greenhouse gas emissions, decrease waste, and lower the demand for new raw materials
• By focusing on material security, resilience against price volatility, and climate goals, businesses can align their operations with sustainability objectives and contribute to a more sustainable global economy

⏭️ What's next: Transitioning to circular supply chains involves overcoming various challenges, including organizational restructuring, enhancing supplier collaboration, and leveraging technology for better data management and quality control
• Businesses must also navigate financial, policy, and legislative landscapes to fully realize the benefits of circular supply chains

💬 One quote: "Building circular supply chains is no easy task, and it’s hard to know where to start," highlighting the complexities and challenges involved in transitioning from linear to circular supply chains

📈 One stat: Over 100 billion metric tons of materials enter the global economy every year, underscoring the vast scope of supply chains and the potential impact of making them more circular

Click for more news covering the latest on Corporate Sustainability

Did you enjoy this illuminem voice? Support us by sharing this article!
author photo

About the author

illuminem's editorial team - providing you with concise summaries of the most important sustainability news of the day.

Follow us on Linkedin, Twitter​ & Instagram

Other illuminem Voices

Related Posts

You cannot miss it!

Weekly. Free. Your Top 10 Sustainability & Energy Posts.

You can unsubscribe at any time (read our privacy policy)