The role of waste recycling technology in circular supply chain applications
Circular supply chains are becoming a new development trend in the business industry today. With many benefits such as increasing profits, protecting the environment and creating jobs, businesses are looking for ways to apply this model for sustainable economic development. However, in order to bring about optimal efficiency, it is necessary to apply waste treatment technologies in the production and business process effectively.
Follow the article to learn the difference between circular and traditional supply chains, and the importance of waste recycling technology in circular supply chains.
1. Circular supply chain
Circular supply chain is a concept that is being interested and widely applied in businesses today. It is the process of starting from input materials, production, distribution, until products are consumed and recycled or disposed of waste. In this process, all stakeholders cooperate and interact closely with each other to achieve the common goal of optimizing production efficiency, minimizing waste and protecting the environment.
In a circular supply chain, recycling technology plays a very important role in reducing waste and creating new products from recycled materials. Waste treatment technologies such as biodegradation, thermal processing, plastic and metal recycling can be applied to convert the waste into new raw materials or electricity, helping businesses save production costs, enhance efficiency and protect the environment, simultaneously, it also creates new business opportunities from recycled products.
Benefits that circular supply chains bring to enterprises for sustainable economic development
2.1. Increase profits
First, the adoption of a circular supply chain can increase profits for businesses. By minimizing unnecessary costs, such as transportation costs, storage costs, waste disposal costs, businesses can save costs and increase profits.
For example, H&M has applied a circular supply chain in clothing production, minimizing transportation and storage costs, and for waste disposal, products are recycled or put back into the production chain.
2.2. Environmental protection
Second, circular supply chains can help protect the environment. With a focus on the reuse and recycling of materials, it will help reduce the amount of waste released into the environment, protect the environment and negative impacts on human health.
For example, Unilever has adopted a circular supply chain in the production of their personal care products, minimizing the amount of waste and using recycled materials to make new products.
2.3. Create jobs for employees
Circular supply chains can also create jobs for workers. By increasing interaction between supply chain partners, businesses can create new job opportunities for workers in the same area or vicinity.
For example, IKEA has adopted a circular supply chain in their furniture manufacturing, creating many jobs for locals in the production of materials and product parts.
3. Differences between circular and traditional supply chains
The difference between circular and traditional supply chains is clear. In a circular supply chain, partner companies link together to create a production-consumption-disposal process without any gaps between these stages. Thereby, companies can maximize profits, while minimizing negative impacts on the environment.
Meanwhile, with traditional supply chains, companies often focus only on the production and sales stages, while the rest is left to third parties to handle. This often results in increased costs and slower execution of the process. In addition, without careful management, production and consumption processes in traditional supply chains can also cause negative impacts on the environment.
Therefore, by building and applying circular supply chains, businesses can maximize their profits, while minimizing negative environmental impacts and creating more jobs for workers.
4. How waste recycling technology can help a circular supply chain
Waste recycling technology can play an important role in building a circular supply chain. By leveraging recycling and waste treatment technologies, businesses can transform production processes from traditional to more circular ones.
The use of waste as raw materials in the production process not only helps to minimize the amount of waste, but also saves costs, raw materials and natural resources. In addition, this also helps reduce pollution, the release of toxic substances into the environment and creates job opportunities for workers.
Thus, waste recycling technology plays an important role in the application of a circular supply chain. The application of waste recycling technology will help businesses increase competitiveness, while also helping the human living environment to be protected and develop more sustainably.
With the exhibition Waste &. Recycling Expo Viet Nam 2023 will create a great opportunity for manufacturers, experts and researchers in the field of waste management and treatment to meet, exchange experiences and update the latest technologies in waste treatment. This is also an opportunity for businesses and managers to learn, apply and develop effective waste recycling solutions, contributing to promoting sustainable economic development and environmental protection.
Waste & Recycling Expo Vietnam 2023 organized by RX Tradex is an important event in the field of waste management and recycling in Vietnam. With the participation of businesses, manufacturers, distributors, experts and local governments, this exhibition will provide attendees with practical solutions and the latest technologies to solve the problem of waste management and environmental protection.
If you are interested in waste management and recycling issues, visit Waste & Recycling Expo Vietnam 2023 to learn more about the latest solutions and connect with experts in the field.
