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singapore-signs-smart-logistics-mou-with-south-koreaSINGAPORE: November 21, 2017. Government enterprise agency IE Singapore has signed an MoU with South Korea's Gyeonggi province to...
decathlon-takes-to-the-railsDOURGES, France: November 16, 2017. Maersk Line and Damco, subsidiaries of A.P. Møller – Mærsk, have completed their first block train...
mia-director-resignsMIAMI: November 14, 2017. Miami-Dade County Aviation Department director and CEO Emilio González, the driving force behind much of...
finland-opens-new-rail-route-to-chinaKOUVOLA, Finland. November 12, 2017. A new weekly rail service between Northern Europe and China launched on November 10 as the first...
truck-manufacturers-face-class-action-lawsuitLONDON: November 14, 2017. UK law firm Collyer Bristow has established a £100 million class action for truck operators that may have...
imd-acknowledges-family-business-excellenceGRAN CANARIA, Canary Islands: November 10, 2017. Swiss business school IMD has recognized global brand management company Pentland...

Time to reverse?

The U.S. Reverse Logistics Association values its sector at US$615 billion. It's an integral part of what the Ellen MacArthur Foundation says is a US$1 trillion per annum circular business opportunity.

In January the World Economic Forum, together with McKinsey & Co, launched "Project Mainstream" - a bid to save US$500 million in materials and prevent 100 million tonnes of waste globally by recycling, remanufacturing and reusing consumer goods.

The revenue opportunity for the logistics industry is twofold: it can integrate its behaviour with a growing list of manufacturers to support this process; and it can take advantage of a new trend of leasing rather than owning commercial and consumer technology.

Manufacturers increasingly will rely on logistics to make this a reality.

Time to reverse?

- Simon Keeble is the editor of Freightweek

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