Post by account_disabled on Mar 4, 2024 5:19:10 GMT -5
Today a staggering 91% of all extracted resources are wasted. How can the economic system become more sustainable? Many people advocate moving to a “circular economy” but there are circular economy challenges that must be overcome.
This approach keeps resources in circulation through reuse and repair.
How to overcome the challenges of the circular economy
But what does a circular economy really look like and how do we get there? What steps should companies take and how can they partner with others? How can researchers help them make the change?
Challenges of the circular economy
According to B the change , in NBS's new Livestream series, CEO Tima Bansal sat down with two circular economy experts.
Barb Swartzentruber is a long-time leader in the public sector in Canada; Jury Gualandris is a supply chain management expert at Ivey Business School. The two are also collaborating on a cutting-edge project: Canada's first circular food economy, in Guelph, Ontario.
Their Our Food Future project aims to reimagine Chile Mobile Number List food production, distribution and consumption, for a food system where everyone can access nutritious food, nothing is wasted and the impact on the environment is minimal. The effort is based on diverse stakeholders and creative initiatives.
Circular companies must be flexible
In a circular economy, companies often use each other's waste. As a result, the supply of materials can be variable; Companies must be more flexible about what they produce.
Consider “circular juice,” where a producer makes juice from surplus food provided by large retailers. A circular juice manufacturer cannot be picky about his raw materials: he has to be willing to work with what his “waste” supplier gives them.
One week, they might be getting excess clementines... But another week, they might be green juice vegetables.
Jury Gualandris, supply chain management expert at Ivey Business School.
This means that customers must also be flexible. If society really wants products from a circular system, people must accept what is available, rather than expecting to get exactly what we want.
Our Food Future
A single product like “circular juice” could be made with just two partners: a producer and a retailer. However, launching an entire circular food economy is not that simple. It means facilitating countless collaborations of this type.
The Our Food Future project includes urban and vertical farmers, a pay-what-you-can grocery delivery service, and a social financing fund to help companies joining the circular food economy get off the ground. The food system may depend on silos, but it does not exist in one.
challenges of the circular economy for companies
Supporting these micro collaborations becomes easier with technology that “guides the balancing act between organizations” by digitizing time-consuming processes such as tracking incoming food supplies.
Circular economies are both local and global
With Our Food Future in Ontario, collaborators are building a tight local network of actors. That grounding has many benefits. For example, the initiative can make good use of local leaders.
This approach keeps resources in circulation through reuse and repair.
How to overcome the challenges of the circular economy
But what does a circular economy really look like and how do we get there? What steps should companies take and how can they partner with others? How can researchers help them make the change?
Challenges of the circular economy
According to B the change , in NBS's new Livestream series, CEO Tima Bansal sat down with two circular economy experts.
Barb Swartzentruber is a long-time leader in the public sector in Canada; Jury Gualandris is a supply chain management expert at Ivey Business School. The two are also collaborating on a cutting-edge project: Canada's first circular food economy, in Guelph, Ontario.
Their Our Food Future project aims to reimagine Chile Mobile Number List food production, distribution and consumption, for a food system where everyone can access nutritious food, nothing is wasted and the impact on the environment is minimal. The effort is based on diverse stakeholders and creative initiatives.
Circular companies must be flexible
In a circular economy, companies often use each other's waste. As a result, the supply of materials can be variable; Companies must be more flexible about what they produce.
Consider “circular juice,” where a producer makes juice from surplus food provided by large retailers. A circular juice manufacturer cannot be picky about his raw materials: he has to be willing to work with what his “waste” supplier gives them.
One week, they might be getting excess clementines... But another week, they might be green juice vegetables.
Jury Gualandris, supply chain management expert at Ivey Business School.
This means that customers must also be flexible. If society really wants products from a circular system, people must accept what is available, rather than expecting to get exactly what we want.
Our Food Future
A single product like “circular juice” could be made with just two partners: a producer and a retailer. However, launching an entire circular food economy is not that simple. It means facilitating countless collaborations of this type.
The Our Food Future project includes urban and vertical farmers, a pay-what-you-can grocery delivery service, and a social financing fund to help companies joining the circular food economy get off the ground. The food system may depend on silos, but it does not exist in one.
challenges of the circular economy for companies
Supporting these micro collaborations becomes easier with technology that “guides the balancing act between organizations” by digitizing time-consuming processes such as tracking incoming food supplies.
Circular economies are both local and global
With Our Food Future in Ontario, collaborators are building a tight local network of actors. That grounding has many benefits. For example, the initiative can make good use of local leaders.