Adopting circular economy practices to reduce manufacturing waste
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%.
Read the full article in Monash News
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