Adopting circular economy practices to reduce manufacturing waste
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Monash University researchers, led by Professor Amrik Sohal from the Monash Business School’s Department of Management, have collaborated with Victoria's manufacturing industry to adopt circular economy (CE) practices, significantly reducing manufacturing waste by 65%. The project involved working with manufacturers in plastics, textiles, general engineering and food sectors to enhance resource efficiency and mitigate negative production effects. The initiative included interviews with 25 leading CE businesses, workshops, and seminars, resulting in a shift in participant attitudes towards the economic benefits of CE practices.
The study highlighted successful strategies such as designing products for longevity and sourcing materials locally, as demonstrated by Jardan, a furniture business that reduced its waste by 65%.
Advancing circular economy practices in Australia
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Monash Sustainable Development Institute (MSDI), in collaboration with Monash Business School and CSIRO, is leading initiatives to advance circular economy practices in Australia, focusing on adapting European models, fostering industry innovation, and building partnerships:
