Closing the loop is the future of business

Consumers are becoming increasingly aware that when we throw something away, someone else’s “here” is “away”. We know our floss, ketchup packets and sandwich bags are floating in the Great Pacific Garbage Patch and the sea will soon contain More plastic than fish.

Fear. This is what many feel about the future, and there is no greater motivation to change behavior. So the future of closed system business. Closing the loop means modeling your business so that each item (packaging or otherwise) has a way to go back for shares, repairs, reuse or reuse. Businesses that do not concern themselves with the end result of packaging and waste will soon face a firing squad of public opinion.

More and more people, especially the younger generation, are waking up to the benefits. Around the world, in just the last five years, 85 Percentage of people have already changed their lifestyle in the name of sustainability.

In public spaces, where there was a single trash can, you may notice that in addition to recycling and adding compost, there is now often a new label for cans that we simply call trash. It now says: “Landfill.”

We can no longer carry euphemisms. The impact of this global shift in thinking is a great opportunity to meet the needs of consumers, to make money and to protect humanity from the consequences of the destruction of the ecosystem.

For example, clothing brands For the day The plan is to reuse the yarn to reimburse customers when their clothes are worn out. Natura, a Brazilian beauty brand that has been using carbon neutral, plastic made from sugarcane since 2007 and selling refills instead of 100% new containers. Its parent company, Natura & Co, posted net revenue of $ 7.2B in 2020. Opportunities for the transformation of closed loop models across all industries are wide and suitable for innovation.

I am established Get ready for your door I realized just how wasteful the typical pre-packaged food is. We now deliver ready-to-eat and ready-to-eat food throughout Texas, in a closed-loop, zero-waste collection and recycling jar. This is not only an altruistic step towards responsible environmental stewardship, but also a key factor in customer loyalty that is accelerating the growth of our company. We’ve seen growth year after year since its inception and have saved more than half a million pieces of plastic from landfills to date, as shown below.

3 reasons closed loop is the future of the business:

1. With more focus on the environment, the demand for sustainability is being created.

From 2016 to 2020, the number of tweets about biodiversity and nature damage increased from 30 million to 50 million, a 65% increase, according to a 2021 report. The report also showed a 71% increase in searches for sustainable products. The StudyOperated by the Economist Intelligence Unit (EIU) and run by the WWF, shows that 60% of companies have begun collecting data on supply-chain sustainability. This information will be essential for answering to the general public who increasingly want to know if doing business with a company will help or deter the fight against climate change. Worldwide, A Third The population is willing to pay double for sustainable products. In the United States, 64% Also willing to pay more, and looking for trusted brands to support.

2. Increasing control will add to the costs of those who lag behind.

From tariffs on emissions to out-right bans on single-use plastics, the political muscles that could force change are already being flexed. If you have no plans to dispose of or recycle your packaging, you may fall into a situation where business costs skyrocket due to the new tax, or where you want to replace a system that will soon fall. External regulations. Industry leaders and visionaries who see the changes and plan ahead will create businesses that will not only weather, but lead this storm to success.

3. The best people want to be a part of change.

A. Survey Of the nearly 1,000 employees, more than 70% said they would prefer to work for a company with a strong environmental agenda. About 30% said they granted bail to a company because the company lacked a sustainable plan.

Providing a vision, inspiration and pride in what they are doing creates an environment that employees want to be a part of. There was no great resignation in preparing your door, because people want to be a part of what we do. Your plan for sustainability affects your needs, costs and turnover. What are the three factors that affect the profitability of a business?

For your business to thrive, not just to survive, you need to be part of a set of values ​​and practices that will help improve the world. As McKinsey reports, “Profit with purpose: How it can be beneficial to be organized for sustainability The last row“A growing body of evidence indicates that sustainable ventures can help create profits and create business opportunities. This is an opportunity you can’t miss,” he said.

Leave a Reply

Your email address will not be published.