Our glossary simplifies common industry terms in freight and logistics into clear, easy-to-understand explanations.
The Circular Economy is an economic model centered on resource reuse and waste reduction, emphasizing the principles of "reduce, reuse, and recycle." In international logistics and trade, the circular economy is reflected in aspects such as packaging material reuse, returns processing, and reverse logistics. For businesses, promoting the circular economy not only reduces costs but also enhances a brand's image as sustainable. Many countries have incorporated environmental requirements into their trade policies, such as requiring exported products to meet carbon emission standards or environmental certifications. The circular economy has become a key direction for global supply chain transformation and presents both challenges and opportunities that international trade companies must actively address.
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