What is the circular economy?

Circular economy—this term has been popping up more and more often lately. But what exactly is circular economy? What are the benefits for your company in applying it? We explain it for you below.

What is the circular economy?

The circular economy is all about using products for as long as possible by repairing, renting, refurbishing, and recycling them. This extends the life of a particular product and creates less waste. It also means choosing items and resources that are suitable for a circular economy and can be used for a long time.

The benefits of circular economy for your business

The longer you use a product, the more interesting it becomes financially. Constantly buying pallets, crates, and other logistics equipment costs a lot of money. What's more, disposing of them also incurs costs.

In addition, sustainable business practices are a must in today's society. Your customers expect you to do everything you can to make environmentally responsible choices, and of course you want the best for our planet and the climate.

Participating in the circular economy therefore has several advantages for you as an entrepreneur. You save costs, do something good for the environment, and improve your company's image.

Common options

We have noticed that our customers are increasingly switching to plastic items, such as plastic pallets, pallet boxes, and CBL crates. These are very durable, have a long service life, can be completely cleaned for reuse, are weather-resistant, and can be fully recycled.

We are also seeing more and more companies switching to renting RTIs instead of buying them. At HB RTS, we offer flexible agreements so that we can ensure that the circle remains complete. When you need fewer crates, they go to a company that is experiencing a peak period. This means you never have an excess of logistics resources sitting idle in your warehouse for months on end.

Applying circular economy principles in your supply chain

The principles mentioned above can be applied within any industry, although the options will naturally depend on your specific logistical needs. As a total solutions provider, we at HB RTS are happy to work with you to determine which option best suits your organization. Curious about what we can do for you? Feel free to contact us for more information, without obligation.

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