TECH & AI
Taran recommends manufacturers implement broader circular principles first .
“ The circular economy isn ’ t just a pathway to reaching environmental goals – it ’ s also a smart business strategy ,” she says . “ It helps businesses lower operational costs and carbon emissions simultaneously .”
Taran recommends adopting strategies like remanufacturing , incorporating repaired , refurbished or salvaged components to save on waste and cost . She argues that it strikes the right balance between environmental and economic goals and should come after stringent supply chain auditing .
“ This is essential because it reveals where inefficiencies and environmental burdens exist ,” she says .
“ By understanding the full lifecycle of materials – from production to disposal – manufacturers can identify where they can implement circular economy practices like reusing resources .”
“The circular economy isn ’ t just a pathway to reaching environmental goals – it ’ s also a smart business strategy ”
TARAN RAI CORPORATE SUSTAINABILITY MANAGER , EPSON UK
Panasonic ’ s Kusatsu Factory ‘ Forest of Coexistence ’
Once the supply chain has been audited , that ’ s when manufacturers can truly make meaningful integrations of circular economic practices that will go a long way in achieving both economic and environmental goals – two things that must be balanced for us all to live a healthy , happy and fulfilling life , bringing us back to the concept of circularity itself .
Circularity feels as if it should have emerged from Japanese philosophy as much as lean manufacturing has . Shizen , the Japanese term for nature , refers to spontaneous self-development and the results of that power .