How the Circular Economy Enables Supply Chain Innovation & Resilience

Read the full story at Waste360.

Implementing a systematic change can seem daunting, but nearly every significant disruption starts with seemingly minor – but ultimately fundamental – changes to the foundation. While a transformation as seismic as a fully realized commitment to the circular economy may seem impossible on the surface, it can progress far more quickly through a commitment from organizations to make seemingly small but impactful modifications in key areas.

Supply chains are one such area ripe for this shift to a more circular approach. Critical to success, and very important to me personally, will be capturing the value in used plastics and converting it into new products of all kinds. Our supply chains offer robust opportunities to do this while ensuring waste does not end up in the environment. And through the circular impact of this approach, our supply chains are becoming more innovative and resilient. To achieve better resilience, we must take a holistic view of the system, rather than trying to isolate individual parts of the system. Developing products that can be used for multiple purposes, and then identifying many more uses for those products beyond their initial concept, will allow us to create a system that is both circular and resilient. It’s all about the system.

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