7 Ways Your Business Can Close the Loop in 2021
How to Prepare for a Circular Economy
Talk of a circular economy is nothing new, but what is new is the increased interest in making this concept a reality.
More and more businesses are moving in this direction and it’s likely that a lot of progress will be made in creating a circular economy in 2021.
Let’s find out what a circular economy is exactly and what this means for your business in 2021 and beyond.
Closing the Loop
A circular economy is one in which there is no waste.
Instead of hauling trash off to a landfill, those materials are recycled or repurposed into something new and useful.
This notion is gaining a lot of traction with businesses that see this as a way to combat trash and litter and reduce their environmental footprint.
A recent article outlines ways businesses can close the loop.
Here Are 7 Ways Your Business Can Toward a Circular Economy
1. Reusable Packaging
Avoiding unnecessary packaging is one aspect of this approach, but more durable packaging that can be reused and maybe even returned to the manufacturer and repurposed is a major way to close the loop.
2. Recyclable Packaging
In some instances, it may not be feasible to eliminate or reuse packaging. That’s fine as long as the materials that are used are recyclable and this is communicated to the consumer so the items can be disposed of in an environmentally responsible manner.
3. Take-Back Programs
Many businesses are experimenting with take-back programs. Instead of making it the responsibility of the customer to dispose of an item that has fulfilled its purpose, the your business can take this on. Many items can be refurbished and find a new purpose or manufacturers can use them to completely start over.
4. Reduce Emissions
Take-back programs reduce the amount of physical materials headed to landfills, but they also reduce emissions. Recycling and repurposing materials will generate fewer emissions than creating new items from virgin materials. Not only are raw materials conserved, but energy is too and emissions are potentially curbed.
5. Incorporate a Circular Economy Into the Company Culture
Often, laws and public policy can drive change within businesses and this can also help promote a circular economy.
Businesses are likely to also respond by reducing their use of specific materials. There may even be financial incentives, like tax breaks offered to businesses that take this path.
6. Manage Progress
Metrics matter, so businesses need to not only promote their plans to contribute to a circular economy, but they need to back up their initiatives with actual data.
This is beneficial for the business because it allows them to gauge their level of success and adjust accordingly, but it also allows businesses to quantify and share their success with their shareholders and customers if they choose.
7. Start at the Beginning
It is possible to retrofit an existing product or service to fit a circular model, but it is often easier to engineer products or services to fit this model from the start. Design is key to creating and inspiring a circular economy. Reusable packaging and take-back programs only work if the design is thoughtful and effective.
Go Reusable Now
Your customers care about the planet and they will take notice if your business makes an effort to reduce your environmental impact. All of these methods are effective in creating a circular economy, and we can help your business reach this goal.
From eco-friendly packaging to custom reusable bags your business has options when it comes to reducing your environmental footprint. Custom reusable bags, especially when they are made from recycled or sustainable content, can be an effective option for your business to reduce packaging. Reusable bags make great sense for the planet as well as for retail, delivery, and marketing.
A great example of this is our Ecolife Insulated Tote which is a perfect bag for food delivery since it keeps hot food hot and cold items cold. This bag is in stock so you can order your custom bags now. We can also offer customized insulated totes as well if you want something different or wish to further customize your bags.
Let’s Close the Loop Together
We can support orders from 250 to millions of bags, and we are helping businesses all over the world make an impact on their bottom line while making less of an impact on the environment.
For over a decade, we have been working directly with our factory to help our customers promote their brand in a responsible and effective way.
During this time we have earned ISO certification and this is something we take very seriously. We were founded to help create a more eco-friendly world and economy and we want to help you, too.
Design your bag today to make a difference and grow your brand.Tagged