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Circular Economy

By September 30, 2021October 4th, 2021No Comments
Circular Economy

For more than half a century, term “Recycling” has become a part of everyday life in North America. Everything from coee cups to newsprint, plastic water bottles and even fabrics, the system and practice of nding new life in used up products has become common in the marketplace. But the concept of nding new purpose and use for waste materials is far from being a simplistic everyday process. The complexities involved with resurrecting waste material into new and viable products are many. Often times, a certain level of expertise and experience is required to eectively and eciently produce the highest quality product, while providing a high value return to customers and clients.

So what does it all mean to businesses? In an era when the marketplace has shifted towards a need to further pursue the integration of recycling as a pivotal element of one’s operations, how can this marketplace practice provide a further value towards a business’ bottom line? The answer lies in within the Circular Economy.

Like the basic principle of the recycling, the idea of the circular economy is that nothing is waste. The circular economy retains and recovers as much value as possible from resources by remanufacturing, repurposing, or recycling products and materials. We see this process in many forms, whether it may be in the barter/trading world of Kijiji, online clothing resellers like Poshmark, or second-hand renovation outlets such as Habitat For Humanity’s Re-Store. They nd value for with the products and materials they sell, by connecting them to consumers who are searching for the same products and materials, which would have otherwise been disposed of and would end up in a landll. The idea of nding value in materials that otherwise would not, is at the core of the circular economy. And it is this principle of value that one can appreciate how the circular economy can further enhance a business’ operations when it comes to something like handling corrugated and paper waste material.

To many businesses and companies, corrugated and paper waste accounts for a sizable portion of their operational costs. What’s more, recycling of corrugated and paper waste by companies has not reached the optimal levels that governments and jurisdictions in North America have mandated. In Canada, the Federal government has set a target of ZERO waste amongst paper and plastic products by 2030, meaning that businesses need to take strong and decisive action within their operations to not only meet those targets, but ensure that their actions keep themselves protable as well. So how does a business approach this challenge?

One must look at how the circular economy can benet a business facing the challenge of eectively and eciently managing their corrugated and paper waste. Firstly, a business must understand that there is value in all of their corrugated and paper waste. Having one’s corrugated and paper waste collected for remanufacturing provides them with placing value in materials that otherwise would not have any value as waste material. That very same waste material, once remanufactured, can be the same packaging material they use for their products, providing tremendous value for a business day-to-day operations. Finding a value-add to materials that otherwise would have been just a hard cost to the business to just dispose o, is a strong incentive for consideration, especially for those industries that rely heavily of corrugated and paper materials for packaging, shipping and logistics. It’s like nding free money with their own waste material.

Secondly, by integrating a circular mindset to corrugated and paper waste, a business can enable themselves to further minimize their carbon footprint impact. From a nancial perspective, a shift from new or “virgin” pulp, paper and corrugated materials, to remanufactured products from waste materials means an overall reduction of the use of natural resources such as wood bres and fresh water. These resources are heavily needed in the production of new pulp, paper and corrugated materials , and is far less needed when it comes to remanufacturing that same material. The cost savings from the shift to more remanufactured corrugated and paper materials has a trickle-down eect that means more manageable costs to businesses that depend on these materials, while reaching their carbon footprint reduction goals.

The third benet of the circular economy has to do with nding value through good corporate governance. Now some may think that good corporate governance is just a set of buzzwords businesses use to provide themselves with positive PR, but this is far from the truth. There is a correlation between good corporate governance and value from remanufacturing corrugated and paper materials. With the movement for more sustainable materials becoming more and more accepted and acknowledged, consumers and key decision makers are taking into consideration how businesses and organizations approach sustainability, and making their purchase decisions based on this. From a practical perspective, the integration of remanufacturing corrugated and paper materials for reuse by businesses can provide an eective and immediate impact on how consumers and key decision makers see a business’ stance on sustainability. What’s more, this approach to sustainability is not an overly dicult one for a business to enact. The very same corrugated and paper waste material that was going to be disposed of anyway, can instead provide a nancial gain and social benet.

The idea of the circular economy with remanufacturing corrugated and paper waste material all sounds well and good…and it does! The benets it provides a business are far reaching, from nancial, environmental and even on a long-term PR perspective. But how does a business or organization get their operations onboard? One needs to partner with a company that has decades of experience in not only remanufacturing corrugated and waste materials, but nding new and innovative ways of taking the principles of the circular economy, and harnessing its full potential and value within a business’ day-to-day operations. As one of North America’s leaders in remanufacturing corrugated and paper waste material, Atlantic Packaging Ltd. can expertly guide you through optimizing the most from the circular economy, while exceeding all of your company’s highest expectations. Contact one of our expert Account Executives and let them show you have they can assist in nding value from your business’ waste.