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The Growth of the Circular Economy - UPS Sustainability · “First mile” logistics are critical...
Transcript of The Growth of the Circular Economy - UPS Sustainability · “First mile” logistics are critical...
Online survey conducted by GreenBiz December 2015 423 responses from the GreenBiz Intelligence Panel
Product categories that respondents feel could most easily be incorporated into a circular economy model
Apparel
Automotive
Customer + Consumer Incentive
Barriers are the Biggest Opportunities
First Mile Logistics
Technology (computer and cell phones)
Cardboard packaging
40%
39%
33%
32%
56%
Market Demand is critical to making a better business case for adoption of circular economy principles
Savings + Convenience both businesses and consumers are motivated by the two
56%
42%Ability to return product using pre-paid shipping
Rebate in the form of a cash back
TOP INCENTIVESConsumers
Manufacturer refurbishes product and returns for continued use
59%
51%
48%
Producer or distributor physically reclaims product
Turnkey packaging and pickup service
claim logistics is important to
transitioning to a circular economy
97%
“First mile” logistics are criticalpackaging and shipping convenience outweigh many other factors for broad marketplace acceptance
58% 35% 7%
Is your company implementing circular economy principles?
TOP INCENTIVESIndustry
TOP BARRIERS FOR ADOPTION
38%Insufficient business case
36%Cost to reclaim used goods
36% Lack of understand-ing/education
How familiar are you with the
term Circular Economy?
52% I could easily define this term and provide examples
38% I think I know what this term means, but I’m not entirely certain of what it encompasses
5% I’ve heard the term before, but I don’t know what it means
5% I am completely unfamiliar with this term
Building materials
Awareness of Circular Economy
The Growth of the Circular EconomyA 2016 UPS/GreenBiz Research Study
To learn more, visit ups.com/sustainability
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BDEV201642503
47%Convenience returning product at brick-and-mortar location