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There are a number of excellent reasons circular economies are desirable, including less waste and better use of limited resources. Not much movement towards circular economies has taken place since then; especially in how consumers prefer to buy, use, and dispose of products.
billion by 2029. Food suppliers, for example, hold a significant portion of operational revenue in their purchased but unused inventories, necessitating improved inventory control procedures. Supply Chain Dive recently found that over 67% of supply chain managers use Excel to keep track of inventory. That’s a problem.
Supply Chains are no different and in fact, have led the manufacturing world in the adoption of digital technologies. Shaun Phillips: If you had asked me that question in 2019 I may have given you a very different answer but the truth is the pandemic has refocused objectives for many manufacturers. Thus, we need to go quicker.
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