- October 3, 2022
- Posted by: Stratford Team
- Category: Economy
The majority of supply chain leaders, 74%, expect profits to increase between now and 2025 as a result of applying circular economy principles, according to a recent survey from Gartner. On average, supply chain organizations have been applying circular economy principles for three years to approximately 16% of their product portfolio.
“There is still such a great deal of untapped potential in the circular economy. Supply chain leaders can use the inflationary environment as a catalyst to reshape their relationship with materials. Instead of losing materials out of the economy in the form of waste, the circular economy helps capture value,” said Sarah Watt, vice president analyst with the Gartner Supply Chain practice, in a statement at the Gartner Supply Chain Symposium/Xpo held recently.
The circular economy is a system that decouples resource consumption from business value and growth. This is achieved by designing products and materials for…
