Understanding The Closed-Loop Economy
Being a business owner or manager, it’s likely that you’re familiar with a closed-loop economy model. Do you truly understand all of its benefits, though? Have you figured out how to integrate this model into your business operations? The featured infographic below takes a deeper dive into how a closed-loop economy model functions and how it can benefit your business.
A closed-loop economy is occasionally referred to as a closed-loop supply chain as a result of the lack of waste produced throughout the process. Every input is either reused, recycled, shared, or repaired in a way that makes it reusable. Rather than producing waste, what other models would consider as unusable, this model welcomes these inputs as a resource that can create a new substance or product.
