SAP plastics marketplace made an introduction at the London Design Festival in London.
The marketplace is an extension to the Plastic Cloud, an environment-friendly initiative launched last year. It aims to combat the increasing plastics to help the environment.
With single-use plastic items becoming one of the most significant contributors to the environment, SAP and its partners are finding more ways to eradicate it. And they are leveraging the B2B engagement facilitation platform, SAP Ariba for this feat.
Padmini Ranganathan, global vice president of Sustainability and Supplier Risk Solutions at SAP Ariba, said,
Even a small portion of global spend on packaging redirected to precertified suppliers of recycled plastics and alternatives can have a tremendous impact, ranging from the livelihood of waste pickers around the world to the environment and quality of the end products. Ariba Network, together with our cloud-based procurement solutions, can help channel recycled plastic to a new recycle market economy. This empowers supply sources to build trusted buyer partnerships while positively impacting the environment and delivering value to brands.
Recycled and recovered plastic materials will be traded via the new SAP plastics marketplace by giving suppliers a better and more efficient way of connecting to sellers and buyers.
A National Geographic Society’s report stated that only one-fifth of the 40% of all plastics produced for product packagings are recycled.
SAP is looking to enlist major product manufacturers such as Coca-Cola, Nestle, and Procter & Gamble in the marketplace.
Jens Amail, SAP UK and Ireland’s managing director, said,
At the core of the plastic problem is the economic value of plastic waste. For long-lasting change to be effective, we need to both innovate into new materials as well as increase the value of our existing plastic waste to divert waste streams away from the natural environment. Being a responsible business is no longer a ‘nice to have’; it’s an imperative. SAP has worked relentlessly in the past ten years to make our customers and partners run better and greener, and ultimately improve people’s lives.