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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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