Plastic Bank is Empowering a Sustainable, Regenerative Society
Grace Mahas — November 26, 2021 — Eco
References: plasticbank
There is a staggering amount of plastic waste that is entering landfills every year, which is being combated against with companies like Plastic Bank. The brand is committed to "revolutionizing recycling ecosystems" in coastal communities by reprocessing materials and re-introducing them into the global supply chain. All the collected material is reborn as Social Plastic, creating a closed-loop supply chain and helping those who collect the plastic.
In addition, all workers are fairly compensated -- helping them provide basic family necessities like health insurance, groceries, and school tuition.
Plastic Bank partners with various brands to help protect the environment. As more consumers become aware of the dangers of single use plastic, many are demanding the brands they frequent act towards a greener future.
In addition, all workers are fairly compensated -- helping them provide basic family necessities like health insurance, groceries, and school tuition.
Plastic Bank partners with various brands to help protect the environment. As more consumers become aware of the dangers of single use plastic, many are demanding the brands they frequent act towards a greener future.
Trend Themes
1. Closed-loop Supply Chain - Plastic Bank's Social Plastic creates a closed-loop supply chain, presenting an opportunity for other companies to consider implementing a similar system to reduce waste and create sustainability.
2. Fair Compensation for Workers - Plastic Bank's commitment to fair compensation for workers highlights an opportunity for other companies to evaluate their labor practices and prioritize fair wages and benefits for their workers.
3. Brand Partnerships for Sustainability - Plastic Bank's partnerships with various brands show an opportunity for collaborations between companies to promote sustainability, reduce plastic waste, and implement long-term environmental solutions.
Industry Implications
1. Recycling - Plastic Bank's innovative approach to plastic recycling and creating a sustainable regenerative society presents an opportunity for growth in the recycling industry.
2. Consumer Goods - As more consumers demand eco-friendly products, there is an opportunity for the consumer goods industry to evaluate their supply chain processes and prioritize sustainability initiatives like Plastic Bank's Social Plastic.
3. Manufacturing - Encouraging the use of Social Plastic as a recycled material presents an opportunity for the manufacturing industry to adopt eco-friendly practices to reduce their environmental impact and create more sustainable products.
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