SAP has announced that it will be creating a new market place for the trading of recycled plastics and plastic alternatives. Using the SAP Ariba solution, this is the next phase of SAP’s ‘Plastics Cloud Programme’ for the reduction of plastic waste.

The first phase collected data from across the UK plastics supply chain, and this second phase builds on that knowledge to create a global marketplace to connect buyers with new recycled plastics suppliers.

“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,” said Padmini Ranganathan, global vice president, sustainability and supplier risk solutions, SAP Ariba.

This development follows the collaborative efforts of SAP with global consumer product brands such as Procter & Gamble Company, Coca-Cola Company and Nestle.

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