And with the middle class expected to double their purchasing power to $64 trillion by 2030, and a forecast world population of 2 billion by 2030 - there is an urgent need to transition to more sustainable practices, such as circular business models.
A key policy consideration for manufacturers is the 'extended producer responsibility' or EPR. Under this concept, manufacturers are responsible for the collection, disposal and processing of their product or packaging. And what is encouraging is that some manufacturers view EPR as a strategic asset.
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