CIRCULAR ECONOMY
“ WHAT HAPPENS TO GLOBAL SUPPLY CHAINS WHEN THESE SCARCE RESOURCES INEVITABLY RUN OUT ?”
MELANIE NUCE SENIOR VICE PRESIDENT OF INNOVATION AND PARTNERSHIPS , GS1 US
taking steps towards circularity today , they can ensure their products and assets live longer , and strengthen their operations by remanufacturing new and existing resources .
The relationship between the circular economy and net-zero In a worldwide effort to limit global warming to no more than 1.5 ° C , global net-zero targets have been set for 2050 ; however , the success of the world ’ s net-zero goals begins and ends with the circular economy . If companies do not reduce , reuse and recycle their products , the world will continue to face an uphill battle against climate change .
In a linear “ take , make , waste model ”, every product past the point of purchase ends up in a landfill , the third largest source of human-related methane emissions in the US . According to the EPA , in 2020 municipal solid waste ( MSW ) landfill methane emissions were equivalent to the greenhouse gases produced by driving 20.3mn cars for one year .
The main barriers to establishing the circular economy One of the biggest barriers to the circular economy , according to Nuce , is unstructured data that is not standardised . For products to be recycled , consumers and recyclers
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