Global resources are dwindling. While a sobering reality, mankind is gradually beginning to solve the complex problems associated with the depletion of essential resources—fresh water, clean air, arable land, fossil fuels and many others. The cause for hope is that innovation is abundant in some unusual forms and surprising places.
There is very little to suggest that regulation alone, or companies or governments acting in isolation, can do much to improve or significantly alter the long term outlook of our global supply chain.
Solutions must lie with innovation and the creative efforts of businesses committed to societal and environmental improvement—and it will most likely be driven by economic opportunity rather than corporate conscience or regulatory fiat.
Around the globe, most corporations have already consumed the “low hanging fruit” within their practices and processes. Yet, expectations continue to increase, making new and innovative solutions a prerequisite to compete in today’s marketplace.
Not only are companies exploring partnerships with non-profits and social entrepreneurs to achieve their sustainability goals, but they are also looking at unconventional partnerships and strategic alliances to affect change.
Entrepreneurs like Tom Szaky are challenging corporations daily with the fundamental question, “Why waste anything?” Szaky and his company Terracycle facilitate the corporate sponsorship of waste reclamation programs around the world. Consumer product companies such as Kraft Foods’ Capri Sun brand, Clif Bar, Stoneyfield Farms, Kellogg and Coca Cola are engaged in the collection and processing of billions of food and drink wrappers into creative products.
While Terracycle’s efforts channel multi-composite waste into beneficial reuse applications; another emerging opportunity exists in the cultivation of beneficial reuse synergies among corporations.
The concept of by-product synergy (BPS)—the conversion of waste from an industrial or manufacturing process into a new, more valuable product—is gaining attention from the business community. At its full potential, BPS can lead to the development of newer, greener and better products, derived from by-product waste and delivered through the same production process.
The ecology of industrial processes is moving from a “linear” economic model in which products are produced, consumed and then discarded to a “circular,” regenerative model in which the full lifecycle of a good is managed and engineered to endless beneficial reuse—a concept now known as “upcycling.”
Corporations across the globe are being challenged to recognize the inherent value of all materials, and are beginning to alter processes to reduce environmental impact while maximizing the beneficial reuse of product or by-product waste beyond a products end of life.