Why Circularity Is Key for Sustainability Practices
According to McKinsey, the pandemic accelerated the shift to e-commerce by as much as ten years, completely altering consumer and industry trends in a matter of months. While a lot of businesses benefited from reaching new and larger audiences online, supply chains were left to figure out how to adapt based on increased consumer demand for packaging. Meanwhile, consumers have been increasingly paying closer attention to the sustainability practices of companies and brands. More than half of U.S. consumers are highly concerned about the environmental impact of packaging. Companies, then, are challenged to find cost-effective and sustainable packaging at speed and scale. But embracing sustainability in the supply chain isn’t as simple as switching out your current packaging for a perceived “eco-friendly” alternative. Before anything else, companies must define what sustainable means. Consider paper packaging — it’s commonly accepted as an environmentally friendlier option, but it requires access to forests. In this case, companies would be forced to weigh the benefits of paper packaging with limited supplies and the environmental costs of acquiring it. much more at source