Research reveals circular economies will replace linear economies in 10 years
Switching from a linear to a circular economy is not a go-it-alone project — it requires a whole ecosystem.
As consumer and shareholder preferences shift toward sustainability, chief supply chain officers (CSCOs) must prepare for the transformation from a linear to a circular supply chain without waste, the circular economy will be the only economy, replacing wasteful linear economies by 2029, according to “Preparing for 2029, When Consumer Product Supply Chains Cannot Produce Waste”, presented by Gartner, Inc., Stamford, Conn.
“Organizations are under pressure to reduce the amount of waste they’re producing — from consumers and governments alike,” says Steven Steutermann, managing vice president in the Gartner supply chain practice. “The solution to this challenge is a shift toward a circular, waste-free economy. The supply chain will play a key role in this process. Eighty-four percent of participants in Gartner’s recent Supply Chain and the Circular Economy Survey stated that the supply chain has, or will have, decision-making authority when it comes to their organization’s circular economy strategies and initiatives.”