The circular economy is a more sustainable alternative to our current “take-make-dispose” model and represents an enormous financial opportunity for businesses in Latin America.
This circular alternative views waste as a resource, identifying opportunities to create new revenue streams and drive commercial efficiency.
Thanks to the digital revolution and the new technological infrastructure it has created, those opportunities will soon become realities for many companies in the region. In fact, this transformation is already starting to take place.
Every year, The Circulars celebrates the businesses, entrepreneurs and policy makers working to make the world a more sustainable place. Since the launch of these awards, we have continued to see an increase in the number and quality of entries coming from Latin America. Indeed, we hope this trend will amplify in coming years, notably due to the Platform for Accelerating the Circular Economy (PACE) that the World Economic Forum are building in the region to drive public-private cooperation and advance the circular economy agenda.
There has already been some great progress achieved by businesses. Here are five initiatives from The Circulars using digital to make Latin America more environmentally sustainable.
Sinctronics | Reverse Logistics Recovery
Year: 2017
Category: Small and medium enterprise
Sinctronics is a pioneering business unit of the global electronics manufacturer Flex, created to support Brazil’s National Solid Waste Law. The company introduces circularity to Brazil’s electronics market, processing discarded equipment into raw materials for reuse in new products. By using technologies such as RFID tags, cloud-based logistics programs and advanced recycling capabilities, 97% of recovered material is now returned directly into the supply chain, allowing Sinctronics to speed up collection times by 50%.
WiseWaste | Digital Dumping Solution.