GS1 US : TOWARDS A CIRCULAR ECONOMY THROUGH DATA AND VISIBILITY
Melanie Nuce , Senior Vice President of Innovation & Partnerships at GS1 US , on establishing the circular economy through information , data and visibility
WRITTEN BY : ILKHAN OZSEVIM
How the Circular Economy relates to procurement : “ The circular economy is a sustainable economic system in which companies extract value from traditional waste streams , allowing end-of-life products to be reborn and become resources once again ,” says Melanie Nuce , Senior Vice President of Innovation and Partnerships at GS1 US .
A member of GS1 global , GS1 US is a notfor-profit information standards organisation that facilitates industry collaboration to help improve supply chain visibility and efficiency through the use of GS1 Standards – the most widely used supply chain standards system in the world .
Nuce says : “ Rather than relying on virgin materials , under a circular economy , products are redesigned , reused , repaired and recycled to reduce waste and ensure the continuity of finite resources .”
Today , when people think about product shortages and material scarcity , they think about the supply chain disruptions initiated by
90 February 2023