For some, including myself 2022 ended very quickly, in fact so fast that I didn’t manage to end the year by sharing a list of what happened in the world of circular economy, at Loopfront. 2022 was still a year with strained supply chains, inflation and increased material prices. Something that will lead to new operational models incorporating reuse will become more and more common in 2023 and beyond. 2022 also was a year where we at Loopfront got much of the technological foundational work completed with inventory management and helping customers reduce waste of materials.
Our customers (naturally) want to ensure greater levels of reuse, but an important effect of working closely with reuse is also better inventory management. Among other things they:
But we are not satisfied, we want to help our customers reach even further. In 2023, we aim to deliver digital intelligence to help customers minimize costs and be more aware of the context around reuse and reducing waste.
Loopfront has produced some insights regarding circularity and processes I want to share. Today it is about creating savings and increasing efficiency.
Welcome to explore aggregated data from Loopfront, check out the specifics below.
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Reuse rates in some closed loop ecosystems exceed 80%, the average across all ecosystems hovering at 25%*.
Are you involved in the circular ecosystem and targeting operational improvement? Then please get back to me to let me know if this information is useful. What other insights or statistics are useful for you and your organization to speed up your sustainability work?
Founder and Chief Circularity Officer at Loopfront