What are the benefits of a circular economy?
Have you experienced any supply chain issues lately? From fresh produce to consumer-packaged goods, we are currently feeling the strain of living in a linear economy. Companies are relying on sourcing specific materials that are often coming from only one, singular location. These goods are being designed, developed, and shipped with the expectation that they will be used only once and will ultimately end up in a landfill after briefly serving their intended purpose. If 2021 has taught us anything it is that this type of linear economy will not be a sustainable or profitable way to move forward.
What if making small improvements to your packaging could lead to a multitude of benefits for your brand and bottom line? Recently, Shell Polymers published an eBook that discusses that very idea and brings up 3 actionable takeaways that we felt were worth elevating.
What is upcycling? You can upcycle a used good or waste material to produce something new by modifying it to serve a second function outside of its original design.
We learned a lot this past year including improving our own operational efficiencies, the effects a pandemic has on supply distribution, and just how important packaging is to our customers and consumers. Through all the highs and lows our industry has seen this year, it has been our pleasure to serve you with meaningful content that helps you thrive in your business.
We shared in our last post that the Environmental Protection Agency (EPA) estimates that more food reaches landfills and incinerators than any other single material in our everyday trash, constituting 22 percent of discarded municipal solid waste.1
A 2015 survey2 by TNS Global that explored public opinions toward food waste and packaging found that 76% said they throw away leftovers at least once a month, while 53% throw away leftovers every week. And 51% of respondents say they throw away food we bought but never used.