The Warren Centre has published a new report, The Circular Economy: Global Trends and Future Challenges, investigating how improvements to supply chains could vastly reduce financial and environmental waste. The term “circular economy” refers to a system where resources are redeployed to reuse waste flows for inputs to further production – moving away from current linear economic models dependent on 80-90% of goods becoming waste within six months of consumption. These processes can be designed at scales ranging from the composting of home organic waste for gardening to comprehensive industrial systems which exchange waste streams in large-scale integrated manufacturing networks. Transforming to advanced manufacturing circular economy models can reduce wastes and deliver huge cost savings.
The full report can be downloaded here: https://thewarrencentre.org.au/circular-economy-new-report/