The Tug Of War Between The Circular Economy And Capitalism

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The Tug Of War Between The Circular Economy And Capitalism
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I am the Vice President of Supply Chain Services at ARC Advisory Group, a leading industry analyst and technology consulting company. I engage in quantitative and qualitative research on supply chain management technologies, best practices, and emerging trends.

free trade zone of Iquique, 29,178 tons of used clothing arrived in 2021 through October. About 50 importers sell the best pieces from them, while the others - an estimated 40 percent - sort them out. Photo: Antonio Cossio/dpa There is an inherent conflict between capitalism and the circular economy. This conflict is perhaps most apparent in the Fast Fashion industry.

But other industries' performance is far worse. The apparel industry is a prime example. The Environmental Protection Agency estimates that 11.3 million tons of textile waste ended up in US landfills in 2018. There are purveyors of recycled and refurbished clothes. Stuart Trevor, an industry veteran, has created a company called “Cats Who Care.” The company takes back used garments, refurbishes them, and adds clever artwork to the garment. Mr. Trevor pulls no punches when he talks about fast fashion. At Infor Nexus’s European Advisory Customer Council meeting in Chamonix, France, Mr. Trevor told the audience, “Fast fashion is crap…” Customers should buy clothes that are “well made and have longevity.

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