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The traditional linear economy model, characterized by a ‘take-make-dispose’ approach, is gradually giving way to a more circular economy, where products and materials are reused and recycled. In this context, managing returnable assets and reusable packaging assets, such as containers, barrels, drums, crates and bottles, is a great strategy for companies to not only become more sustainable but also eliminate overspending on stock.

However, tracking and tracing assets and packaging down the supply chain and back to the companies that initially use them is not without challenges. Achieving end-to-end visibility into the journey of each asset or each unit of packaging—including reverse logistics—used to be very difficult.

For one, maintaining a comprehensive record of every item as it navigates through its lifecycle was very complex, often based on manual and paper workflows. Data was prone to human error or not even being collected at all. Furthermore, information was not available in real time, which made it nearly impossible to proactively or reactively respond to adverse supply chain events, like loss, theft, unauthorized use, damage, and unexpected unavailability in a timely manner.

Luckily, more modern track-and-trace solutions, namely OPTEL’s reusable packaging management solution, are helping companies address the aforementioned challenges efficiently, providing new opportunities to monitor assets more efficiently than ever before.

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OPTEL TECHNOLOGIES: THE CATALYSTS FOR SUSTAINABLE AND CIRCULAR SUPPLY CHAINS

OPTEL’s reusable packaging management solution, under the OptchainTM platform umbrella, offers a comprehensive solution for monitoring reusable packaging throughout its lifecycle. It stands out for being an all-in-one solution; the technology stack encompasses the hardware to collect line data in real time and software for data visualization and empowerment. It also connects to the third-party systems of the manufacturers themselves as well as all supply chain stakeholders that handle the reusable packaging.

The imperative for companies to integrate such advanced tracking solutions into their sustainability strategies is evident—not just for corporate social responsibility initiatives but for

future-proofing business operations in an increasingly resource-limited market. By utilizing accurate data and tapping into holistic views of their supply chains, businesses can make better-informed decisions to extend asset performance over time, reduce their environmental footprints, and drive forward circular economies.

WOULD YOU LIKE TO LEARN MORE ABOUT OPTEL’S REUSABLE PACKAGING SOLUTION FOR YOUR OPERATIONS?

Contact Optel Today

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