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How can digitizing supply chains increase circular economies?

Digital innovation and the circular economy are kind of symbiotic in nature. In times of increased internet usage, it’s hard to imagine any circular economy initiative not powered by technology. While there are several ways that digitalization can positively impact the circular economy, here are the top three:

one. Digitization can help organizations make better, more sustainable decisions.

Digital technologies allow information to move with the product. This allows businesses to capture, store and analyze consumption patterns, which helps organizations make better decisions. For example, research shows that 70% The percentage of greenhouse gas emissions (GHG) is related to material handling and use. If businesses have insights into how full their plane, ship or truck is, they can determine in real time how efficient their deliveries will be. This means better efficiency, lower fuel costs, shorter delivery cycles and reduced greenhouse gases. Thyssenkrupp, one of the world’s leading elevator manufacturers, installed a cloud-based predictive maintenance system on 130,000 elevators worldwide. Its sensors collect health data of its components, systems and performance. This helps Thyssenkrupp provide better service, longer elevator uptimes and longer product life.

2nd. Digitization can help unlock more value across entire supply chains. Traditionally, most businesses focus on connecting data and devices across their customer base. Digitization can be used to unlock a set of isolated parts, business partners and consumers from the entire value chain. For example, a raw material supplier might tap into a manufacturer’s stocking system (via APIs) to proactively verify whether certain raw materials are out of stock. When raw materials have reached the end of their useful life, manufacturers can use digital technologies to measure whether products have reached enough true value to be returned to them. This creates an opportunity for businesses to be more efficient, less resource intensive and create less waste and emissions in the process. increasing numbers digital platforms It promises to create tighter value chain integrations and assist various manufacturers in the transition to a circular economy model. On the consumer side, digital marketplaces helping to create more sustainability-conscious consumers.

3. Digital supply chains need to be reliable and secure. Supply chain digitization promises greater speed, efficiency, visibility and control. However, the increasing prevalence of APIs means that an organization’s attack surface has increased. Just as a single container ship stranded in the Suez Canal can disrupt the world economy, an unavailable or unreliable API can disrupt important supply chain processes. As organizations go digital, they need to take the necessary precautions to protect their digital assets.

How does Citrix interact with the circular economy?

Citrix technologies empower individuals and businesses to work from anywhere and adopt adaptive working models. These technologies allow organizations to adopt a secure hybrid operating model. This also means that organizations using Citrix can significantly reduce commuting emissions while meeting employee flexibility needs. %27 Percentage of US emissions are from transportation sources and office-related transportation.

Workers using Citrix solutions can use low-power devices and use the same devices for longer, reducing cost and emissions while keeping hazardous waste out of landfills. This supports the two core principles of the circular economy with device reuse and waste reduction.

Citrix technologies also play a vital role in facilitating the smooth transition to energy efficiency and lower carbon cloud computing. Citrix’s Application Delivery and Security solution protects and scales APIs vital to a streamlined and efficient digital supply chain. Protecting the digital backbone is an important step in the transition to a more circular economy.

The transition to the circular economy will not be easy, but it will be rewarding. Customers are looking for businesses that offer excellent service but also share their core values. Companies that leverage digitalization to embrace circularity will be seen as visionaries and will therefore be rewarded with deeper customer relationships and loyalty. As the old saying goes, he who goes around, goes around.

This content is produced by Citrix. It was not written by the editorial staff of MIT Technology Review.