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Or labor market mismatches can cause operational concerns —for instance, if transport companies can’t find enough people who want to drive trucks to deliver goods. To get there, the company has explored demand sensing, looked at suppliers’ production schedules and logistics plans, and used digital platforms to monitor in-transit shipments.
Notably, China has led the race to reduce the dumping of plastic packaging waste in landfills overseas by banning imported plastic waste in 2017. Furthermore, the European Union introduced a union-wide ban on single-use plastics in packaging in 2017 to create the world’s first circular plastics economy.
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