Approximately 2.01 billion tonnes of waste is generated worldwide, which is expected to increase by 70% by 2050. Each human being generates about 500 Kg of waste every year. However, only 20% of the global plastic waste is recycled. This calls for the need of proper waste management.
The process of waste management is highly complex, involving several players. Ambiguity in data collection is the primary challenge in ensuring traceability and proper waste management. New-age technologies need to overcome this hurdle by offering complete traceability and real-time monitoring of waste materials.
True traceability in waste management means giving complete information from the point of origin of waste and its movement across the value chain. Not only does it mean allowing tracking of the waste but also documentation of the movement of waste materials. This information can be used to identify gaps in the existing waste management process and also ensure compliance with global and local regulations. Moreover, traceability also aids improved recycling and resource recovery efforts, mitigating the environmental impact of waste disposal.
Following are the key benefits of traceability in waste management.
Ensures Sustainability: Providing traceability ensures the visibility of all players involved in handling the waste material. It also allows collating all the data, thereby aiding primary stakeholders to assess, monitor and report empanelled suppliers' approach to the human environment and sustainability.
End- to end traceability of waste allows industry and government to access more data to develop credible analysis and assess the environmental impact of products or the value chain more accurately.
Fosters Efficiency: A digitised traceability solution automates and streamlines the entire tracking and documentation process, which fosters efficiency, reduces costs, and helps companies make more accurate data-driven decisions. An intelligent traceability solution automates the data collection process, thereby saving time and resources in entering data manually and minimising the risk of errors. It also ensures better compliance with the local laws regarding handling, storing and disposal of waste.
Allows Real-time Tracking for Supply Chain Optimization: Traceability of waste helps companies to manage their inventory, plan production better, optimise supply chain and make much more informed decisions. It is a boon to manufacturing companies since it reduces inventory-carrying costs, prevents stockouts and makes supply chains more efficient. Traceability helps companies to monitor the quality of materials, thereby reducing the chances of product defects and enhancing customer experience. It also helps companies make more sustainable choices as they can track the origin of materials and know their environmental impact and chances of recycling them. This allows companies to reduce costs and mitigate their carbon footprint.
Aids Customer Engagement: Today, discerning customers are keen to learn about their products thoroughly. They want to ensure that the products they invest in are produced sustainability. The access to complete information on the product and its movement across the supply chain fosters trust and allows customers to connect with the product more deeply. This improves customer engagement, triggers repeat purchases and help cultivate brand loyalists for companies.
Vital for achieving Circular Economy: Adopting the circular economy is the need of the hour to meet the global agenda of climate change. Waste traceability is the key to a circular economy because it enables transparency, accountability and compliance with regulations. Traceability also helps in the sustainable design of products so that they can be easily recycled or reused. It also optimises the entire supply chain by identifying the most efficient ways to source materials. Product traceability is useful across the product lifecycle from production to disposal.
Satma CE: A one-stop solution for traceability of waste
Satma CE is reimagining the waste management landscape by allowing complete traceability. Its state—of—the—art technology also allows documentation by providing live QC checks to users and ensuring full integration with any enterprise management solution. It can also generate audit trails, thereby improving accountability in waste management. It allows users to auto-calculate the impact of recycling waste, thereby encouraging them to adopt the circular economy approach.
Are you looking to invest in a credible waste management solution? Write to us at hello@satmace.com