process that can be repeated in perpetuity of returning materials back to a pliable, usable form without degradation to their latent value—moving resources back up the supply chain.
Sounds a little bit like a term I coined called the “waste product aftermarket.” The waste product aftermarket is an idea that I have a few kinks to work out, – I haven’t been able to muster up any formal definition for it – (watch out grad school) but I find many similarities with this author’s proposition for the concept. My aim here is to flesh out the differences between the two.
Both are similar in that they define a concept often used in sustainability – about closing the link between the industrial supply chain’s input beginning to its waste end. In ecological economics terms, this is a function of industrial ecology where resource inputs that will have value added to them also have waste outputs all along the product lifecycle. Traditional industrial production models are linear based and describe the waste outputs (which add no value to the supply chain) as externalities. However, in an industrial ecological production model, instead of waste being an externality, it is a valuable resource that, with value added such as recycling, could then become a resource input to begin another product life cycle again. This idea assumes sustainability because the production cycle becomes a closed loop system where new resources entering the system are not used and then wasted, they are simply reused over and over. The benefit of this? Less environmental damage from the front end and the back end.
But lets get back the difference between the definitions. The waste product aftermarket is the actual market where suppliers (those who generate the waste whether its industry or consumers) meet with buyers. (those who add value to the waste, like recyclers) The buyers then sell their newly reused product and either contract out their products (or put on a commodities market) as inputs for beginning the new product cycle. Like any market, profit maximization is the key guide here. While this isn’t a concrete definition, (this is just a blog after all) I hope this makes my ideas a little clearer.
What upcycling to me is the process of waste reaching an intermediary in the waste product aftermarket which can then be created into a usable form. For now on, I will continue to use this definition to explain this particular process. To understand more about the waste product aftermarket, you will just have to read my blog more!