Guide to digitization in the circular economy

Supply chain management plays a significant role in the business of a circular economy company. Effective and accurate management of material flows and product deliveries is critical to maintaining business profitability throughout the chain.

In this guide, we’ll show you how digitalization enhances the supply chain management of companies in the circular economy and how it can be used for digital solutions.

In this guide we answer eg. the following questions:

  • Why should companies in the circular economy develop supply chain management?
  • What kind of challenges there are in the circular economy supply chain management?
  • How does the circular economy benefit from digitalization?

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The business models of the circular economy set demands on logistics.  The entire business foundation will fail if material flow management is not efficient and resources are wasted. Material flows received by a company operating in an industrial circular economy often come from a variety of sources and individual material flows can be small. In addition, the manufactured product and any by-products will be recycled.

Reporting requirements in the circular economy are increasing and the traceability of the origin of materials is becoming increasingly important. The number of waste reporting observations will also increase. This requires clear and accurate reporting procedures and systems between pre-treatment, storage and utilizing different materials.

Efficient management of the order and supply chain saves money, time and effort and creates the basis for profitable business.

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