Achieving a circular economy, which focuses on resource efficiency and waste
reduction, requires several key sustainability initiatives. To move towards this
goal, organisations need to invest in workforce training to enhance digital skills,
as digital technology plays a pivotal role in achieving sustainability.
Using technology to optimise processes, reduce waste and boost employee
efficiency is essential, and this can be facilitated through tools like cloud
computing, data analytics, enhanced enterprise asset management, and Internet
of Things (IoT) devices.
Furthermore, companies are increasingly considering the adoption of electric
vehicles to reduce their carbon footprint, especially when transportation or
mobile servicing contributes significantly to their greenhouse gas emissions.
The transition to electric vehicles and a shift away from carbon-heavy fuels is
crucial for carbon emissions reduction. Organisations can also promote eco-
friendly commuting options such as public transportation, cycling, and walking
among their employees to further reduce their overall carbon footprint.
Another crucial aspect is a shift in mindset from short-term profits to long-term
sustainability goals. Companies must look beyond immediate gains and focus
on long-term profitability. This is where the circular economy model comes into
play, particularly in supply chain management.
In contrast, the circular model centres on designing products for reuse, repair,
recycling, and resource recovery, aiming to create a closed-loop system that
conserves resources and minimises waste.
