1RESPONSIBLE BUSINESS MANAGEMENT Discussion based on opportunities and constraints related to megatrends to Co-op Food Circular economy is considered to be a process in which involves the reduction of waste which is generated from food and food based products (Geissdoerfer et al. 2017). The organizations which follow the principles of circular economy aim at reducing the amounts of wastewhicharegeneratedfromtheiroperationsandproductionbasedprocesses (Geissdoerfer et al. 2017). Circular economy has thereby been selected as the megatrend for the analysis of the organization named Co-op Food(Geissdoerfer et al. 2017). As discussed by Geissdoerfer et al. (2017), the concept related to sustainability is considered to be the base of the megatrend which has led to the development of a circular economy. The most important part of the circular economy is the decrease of waste disposal in the food based industry (Geissdoerfer et al. 2017). The amounts of waste which are generated every year from different industries amounts to 3.5 million tons, which is predicted to get doubled by the year 2025 (Geissdoerfer et al. 2017). The main aim of the circular economy is to make use of these huge amounts of waste and reduce its effects on the environment (Geissdoerfer et al. 2017). This also plays a major role in increasing the sustainability levels of the business (Geissdoerfer et al. 2017). According to Stahel (2016), Co-op Food has implemented the culture of recycling in the different packaging based methods. The organization has implemented recycling methods in their packaging related processes (Stahel 2016). The major policies which have been developed under the policies of circular economy are a part of the culture of Co-op Food (Stahel 2016). The company believes that the culture of throwaway can be considered as rubbish (Stahel 2016). The process of recycling can be quite complicated, however, the organization aims at using the packaging based materials in such a manner which can reduce the after effects on the environment to a large extent (Stahel 2016).
2RESPONSIBLE BUSINESS MANAGEMENT The organization further aims at using the sustainable plastics for the purpose of packing the products (Food.coop.co.uk 2018). The use of sustainable products for packaging can also be considered to be a major step which has been taken by the company based on circulareconomypolicies(Food.coop.co.uk2018).Thecompanyhasincreasedthe percentage of recyclable plastics from 46% to 71% from the year 2017 (Food.coop.co.uk 2018). This can be considered to be a major progress for the organization with respect to the policies which have been developed related to the circular economy (Food.coop.co.uk 2018). According to Theguardian.com (2018), the circular economy based policies are thereby able to provide effective levels of opportunities of growth to the organization. Co-op Food will be able to maintain the sustainable operations with the proper implementation of circular economy based policies (Theguardian.com 2018). The major constraints which are however faced by the company with respect to the implementation of circular economy are relatedtothecomplicationsbasedonthesustainablepackagingrelatedmaterials (Theguardian.com 2018). The complications related to the process thereby reduces the growth of circular economy to some extent (Theguardian.com 2018).
3RESPONSIBLE BUSINESS MANAGEMENT References Food.coop.co.uk 2018.Packaging & Recycling | Co-op Food. [online] Food.coop.co.uk. Availableat:https://food.coop.co.uk/food-ethics/environmental-impacts/packaging-and- recycling [Accessed 26 Oct. 2018]. Geissdoerfer, M., Savaget, P., Bocken, N.M. and Hultink, E.J., 2017. The Circular Economy– A new sustainability paradigm?.Journal of Cleaner Production,143, pp.757-768. Stahel, W.R., 2016. The circular economy.Nature News,531(7595), p.435. Theguardian.com 2018.Circular economy could bring 70 percent cut in carbon emissions by 2030.[online]theGuardian.Availableat:https://www.theguardian.com/sustainable- business/2015/apr/15/circular-economy-jobs-climate-carbon-emissions-eu-taxation [Accessed 26 Oct. 2018].