the growth of the circular economy - ups sustainability · “first mile” logistics are critical...

Online survey conducted by GreenBiz December 2015 423 responses from the GreenBiz Intelligence Panel Product categories that respondents feel could most easily be incorporated into a circular economy model Apparel Automotive Customer + Consumer Incentive Barriers are the Biggest Opportunities First Mile Logistics Technology (computer and cell phones) Cardboard packaging 40% 39% 33% 32% 56% Market Demand is critical to making a better business case for adoption of circular economy principles Savings + Convenience both businesses and consumers are motivated by the two 56% 42% Ability to return product using pre-paid shipping Rebate in the form of a cash back TOP INCENTIVES Consumers Manufacturer refurbishes product and returns for continued use 59% 51% 48% Producer or distributor physically reclaims product Turnkey packaging and pickup service claim logistics is important to transitioning to a circular economy 97% “First mile” logistics are critical packaging and shipping convenience outweigh many other factors for broad marketplace acceptance 58% 35% 7% Is your company implementing circular economy principles? TOP INCENTIVES Industry TOP BARRIERS FOR ADOPTION 38% Insufficient business case 36% Cost to reclaim used goods 36% Lack of understand- ing/ education How familiar are you with the term Circular Economy? 52% I could easily define this term and provide examples 38% I think I know what this term means, but I’m not entirely certain of what it encompasses 5% I’ve heard the term before, but I don’t know what it means 5% I am completely unfamiliar with this term Building materials Awareness of Circular Economy The Growth of the Circular Economy A 2016 UPS/GreenBiz Research Study To learn more, visit ups.com/sustainability ©2016 United Parcel Service of America, Inc. UPS, the UPS brandmark and the color brown are registered trademarks of United Parcel Service of America, Inc. All rights reserved. ©2016 GreenBiz Group - GreenBiz.com® is a registered trademark of GreenBiz Group Inc BDEV201642503 47% Convenience returning product at brick-and-mortar location

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Page 1: The Growth of the Circular Economy - UPS Sustainability · “First mile” logistics are critical packaging and shipping convenience outweigh many other factors for broad marketplace

Online survey conducted by GreenBiz December 2015 423 responses from the GreenBiz Intelligence Panel

Product categories that respondents feel could most easily be incorporated into a circular economy model

Apparel

Automotive

Customer + Consumer Incentive

Barriers are the Biggest Opportunities

First Mile Logistics

Technology (computer and cell phones)

Cardboard packaging

40%

39%

33%

32%

56%

Market Demand is critical to making a better business case for adoption of circular economy principles

Savings + Convenience both businesses and consumers are motivated by the two

56%

42%Ability to return product using pre-paid shipping

Rebate in the form of a cash back

TOP INCENTIVESConsumers

Manufacturer refurbishes product and returns for continued use

59%

51%

48%

Producer or distributor physically reclaims product

Turnkey packaging and pickup service

claim logistics is important to

transitioning to a circular economy

97%

“First mile” logistics are criticalpackaging and shipping convenience outweigh many other factors for broad marketplace acceptance

58% 35% 7%

Is your company implementing circular economy principles?

TOP INCENTIVESIndustry

TOP BARRIERS FOR ADOPTION

38%Insufficient business case

36%Cost to reclaim used goods

36% Lack of understand-ing/education

How familiar are you with the

term Circular Economy?

52% I could easily define this term and provide examples

38% I think I know what this term means, but I’m not entirely certain of what it encompasses

5% I’ve heard the term before, but I don’t know what it means

5% I am completely unfamiliar with this term

Building materials

Awareness of Circular Economy

The Growth of the Circular EconomyA 2016 UPS/GreenBiz Research Study

To learn more, visit ups.com/sustainability

©2016 United Parcel Service of America, Inc. UPS, the UPS brandmark and the color brown are registered trademarks of United Parcel Service of America, Inc. All rights reserved.©2016 GreenBiz Group - GreenBiz.com® is a registered trademark of GreenBiz Group Inc

BDEV201642503

47%Convenience returning product at brick-and-mortar location

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