How Circular Economy Gains New Value From Technology

The world is gradually embracing a circular way of life. Industries and enterprises use tech and data to transition into circularity. We are all familiar with the ill-impacts of the surging waste stream in the world. The paradigm shift aims to wipe out the concept of waste from the value chain within the next decade. In order to accomplish circular economy ambitions, brands leverage innovative and new technologies to keep pollution and waste at bay. What’s more, companies deploy circular economy principles and strategies to achieve environmental goals.

A circular economy is very different from a linear economy model that emphasises a take-make-and-waste theory. It is no secret that the time-run economic model has created environmental loss and distress among the under-resourced communities of society. From issues like global warming and hazardous health conditions to economic loss, the list of odds continues. Circular economy steps up as a safe, sustainable, strategic, and equitable option for countries around the world. The initiative proposes a systemic way of thinking that encourage designing products that don’t just serve a single purpose but multiple applications.

In short, circular economy and sustainability intend to safekeep the environment, save big on production and management costs, and scale profits in the process.

Why has technology cropped up as an essential wing to circular economy?

India is certainly paving its path to a sustainable and circular economy. Unfortunately, there are multiple obstacles that continue to lower the prospective impacts of a well-planned circular economy model. Wondering what? Let’s look into the details:

1. A lack of infrastructure that fails to support effective treatment and disposal of waste.

2. A disruption of convenience among consumers. For example, consumers have loved using plastic for years. The lightweight, flexible, and impermeable materials are no longer considered eco-friendly. Making the switch and getting rid of disposable plastic has certainly sparked inconvenience in consumers, making circularity a hard-won practice.

3. A serious lack of awareness about the concept and importance of circular economy.

4. Evident flaws in the recycling technology. Not all materials can be recycled using standard technology. Materials like textile and beverage cartons demand upgraded recycling technology. Non-availability of recycling technology makes the implementation of circular economy and sustainability extremely challenging.

5. Lack of a promising business plan.

Combatting the institutional, technical, social, and infrastructural challenges of circular economy has become a lot easy with the implementation of robust and leading-edge technology.

How are PROs in India contributing to a circular economy model?

Speaking of PROs (Producer Responsibility Organisations), the name that tops the list of eminent and future-driven initiatives is Karo Sambhav. The organisation uses technology as a tool to empower businesses, producers, and all and sundry to abide by a robust EPR programme. If you are unaware, EPR or Extended Producer Responsibility, refers to a strategic policy approach that entrusts organisations to bear the environmental and economic burdens of waste management and manage an end-to-end lifespan of post-consumer products.

Karo Sambhav deploys a technology platform powered by full-stack software to help businesses implement circular economy seamlessly. Are you clueless about ways to discard waste the right way? Not sure of EPR rules and compliances either? Karo Sambhav steps in as your aid to proceed with circular economy and sustainability without any hassles. The tech-enabled platform helps businesses identify stakeholders for a specified sector or waste type. The software enables accountability and eliminates the chances of errors. Enjoy optimum visibility of end-of-life processes and keep tabs on compliance reports without any errors. Technology is undeniably a boon that has streamlined and made the adoption of circular economy easy.

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