UPS has said that the role of logistics is ‘critical’ to the implementation of a sustainable circular economy – the process of keeping resources for as long as possible, extracting maximum value and then recovering/ regenerate products at the end of their service life.
According to a UPS/Greenbiz Group survey, 86 per cent of sustainability executives think a circular economy will be important to their business two years from now – nearly double that of two years ago. And 87 per cent of the survey’s respondents said that logistics is a very important factor in transitioning to a sustainable circular strategy.
Respondents said that logistics companies are in a position to offer customers ‘unique value’ by ‘incentivising greater participation in the circular economy through a seamless and convenient take-back model.’
“As this research shows, focusing on first mile logistics is crucial to helping businesses implement a cost-effective circular economy,” said Ed Rogers, UPS senior director of global sustainability. “UPS partners with customers to implement seamless take-back systems that include turnkey packaging, pickup services and pre-paid return labels.
“Taken together, all of these assist in the reverse logistics processes needed for a successful circular economy.”