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Australia has been consuming and wasting resources with our linear economy and we face one of the world's highest domestic logistics costs, sitting at the end of a complex global supply chain.
The time for redesign is now - circularity is a system-wide way of running your value chain while reducing waste, maximising resource usage and building value.
Circular supply chains can be more profitable, more certain and responsible and have a lower cost to serve. What was once considered waste in a business may be a valuable resource which can cycle through your supply chain. The way that waste is perceived and handled across the supply chain has evolved - from something to be reduced to avoid value loss, to a by-product which could be sold or repurposed to recapture value, and a resource that has the potential to redefine your brand’s value proposition.
Redefining your waste as a resource of value by using the circular model can give you a competitive edge in the market and positively impact your bottom line in the long run.
Stakeholders at all levels are critical to the success of circularity in the supply chain; each drives the imperative to change in a unique way. You can positively impact the future and leave a legacy by transforming existing parts of your business. The opportunity to mature the Australian market through collaboration at all levels remains one for the taking.