The linear economic model in which products are manufactured and transformed into waste has come to an end to give way to the circular economy, which seeks to apply the 4Rs: reduce, recycle, reuse and recover: reduce unnecessary resources; recycle materials that still serve so as not to dispose of them; reuse or reuse such materials; recover or rescue products that still serve as raw materials. But, how can a program manager Canada apply all this to obtain benefits for companies?

The circular economy has been promoted by specialists in SAP Canada, hand in hand with Big Data and digitization, where recycling and optimization of resources are sought within inventory management to enhance management. This model of resource use is based on minimizing the materials used in production so that only the essential ones are used, reducing the waste of elements that, due to their characteristics, end up being discarded and polluting the environment.

More and more companies and consumers are opting for biodegradable materials in consumer goods to be more ecofriendly, as well as reusing waste as raw material to give it a second useful use, which helps reduce manufacturing resources for new products.

Companies that incorporate the circular economy gain advantages; First of all, many consumers prefer to consume environmentally friendly products as they are more aware of the damage that excess waste generated is causing to nature. Second, the recycling and reuse of raw materials reduces costs in infrastructure, production, and helps streamline manufacturing by not having to start the process from scratch.