Question: Read paragraph below and reply to it in a detailed paragraph. As companies are trying to implement a more sustainable supply chain process, were seeing
Read paragraph below and reply to it in a detailed paragraph.
As companies are trying to implement a more sustainable supply chain process, were seeing an emergence of one industry in particular: plastic alternatives. Plastic is used in many ways in day-to-day global operations, but the most recent economic emergence is plant-based plastics, better known as bioplastics. In the past, bioplastics have accounted for only 1% of the worlds plastic production. The major roadblock for companies trying to produce bioplastics is the major increase in expenses compared to traditional plastics. In the past couple years, there has been a 14% increase in bioplastics, which will put them on track to control 3% of the plastic market within 5 years. Some countries are producing bioplastics at an increased rate, particularly Asian countries. Bioplastics have traditionally been derived from starch rich plants, which can absorb the atmospheres carbon dioxide, when studies show can decrease greenhouse gas emissions. The industries with the highest demand for bioplastics are fashion, food packaging, cosmetics, and electronics. Bioplastics still remain a tough sell because of their price to make, but this could change if companies chose to choose sustainability over short term cash flow. Government regulation also plays a huge role in the future of bioplastic use.
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