Creating a Regenerative Economy with Circular Supply Chains and Blockchain: World Oceans Day Chat with the Plastic Bank CEO David Katz
- S1E58
- 23:51
- June 8th 2021
“We all agree...someone needs to do something about ocean plastic. This is the something, you are the someone.” David Katz, CEO of Plastic Bank.
Today is World Oceans Day, observed by United Nations member states to bring discussions, policies, and people impacted by ocean and coastal degradation worldwide.
In Episode 58, Sheri Hinish (SupplyChainQueen) chats with Plastic Bank CEO and Founder, David Katz, who describes himself as a creator in world who wants to make an impact improving the quality of life for others, connected to the ocean, poverty, and improving marine life. David's company is empowering the regenerative society turning plastic into gold by revolutionizing the world’s recycling systems to create a regenerative, inclusive, and circular plastic economy POWERED by supply chains. Clients include Henkel, SC Johnson, and Aldi to name a few...
The Plastic Bank builds ethical recycling ecosystems in coastal communities, and reprocesses the materials for reintroduction into the global manufacturing supply chain. Collectors receive a premium for the materials they collect to better help them provide basic family necessities such as groceries, school tuition, and health insurance.Collected material is reborn as Social Plastic® which is reintegrated into products and packaging. This creates a closed-loop supply chain while helping those who collect it.
Plastic Bank is creating a new monetary standard in new school banking systems. Using a proprietary blockchain platform secures the entire transaction and provides real-time data visualization: allowing for transparency, traceability, and rapid scalability.
In this episode, David challenges the concept of "the plastics problem" and says it's an "us problem". Describing the short-sightedness of convenience, he is on a mission to change the paradigm so people view the material differently in a world where everyone is part of the solution, not pollution.
We explore secondary plastics, the social impact and need for a regenerative economy, how supply chains make it happen, and the creation of new standards and economies enabled just by thinking about materials differently, where waste is resource, We unpack ocean health and some stats around plastics. Also how we must urgently turn off the tap of virgin plastics.
In closing David urges us to think about "what if it was profitable to have more love in the world and be stewards of the oceans, the people and marine life"? What an inspirational story to share on World Oceans Day,
To learn more about David, visit https://plasticbank.com/
To learn more about the podcast, visit SupplyChainQueen.com
Supply Chain Revolution
The Supply Chain Revolution podcast is a series focused on the latest trends and innovations in sustainability and supply chain management. The podcast is hosted by Sheri Hinish, also known as the Supply Chain Queen, who is a sustainability consultant and digital transformation expert, and features interviews with a wide range of supply chain professionals, thought leaders, and entrepreneurs.
The podcast covers a variety of topics related to the supply chain revolution, including digital transformation, sustainability, circular economy, diversity and inclusion, and emerging technologies such as artificial intelligence, blockchain, data analytics, and robotics. Each episode features in-depth discussions and insights from guests, providing a valuable resource for supply chain professionals looking to stay up-to-date on the latest trends and best practices in the field.
The Supply Chain Revolution podcast is known for its engaging and thought-provoking content, and has been featured in numerous publications and media outlets. It is a great resource for anyone interested in learning more about the rapidly evolving world of supply chain management, and for professionals seeking to improve their skills and stay ahead of the curve in this dynamic field.
Join podcast host, Sheri Hinish also called the Supply Chain Queen, and reimagine the future of how we interact with the world and business in the decade of our lives. In each episode, provocative points of view that challenge paradigms for progress are evangelized holding the SDGs, purpose, and diversity as a business imperative as a North Star. This is the TOP Supply Chain podcast unpacking the future of supply chain that explores shifts in generational, social, environmental, technological, and "the people side" of leading change in transformation.
The Supply Chain Revolution is the supply chain podcast that highlights progressive ideas that challenge the status quo, giving people access to insights, strategies, and tools to make better choices that shape critical aspects of their business and personal lives, building transformational change for a better, sustainable world.
This is the supply chain podcast for supply chain leaders, thinkers, dreamers, doers, learners, builders, and supply chain professionals who want to change the world using a different approach to traditional supply chain, leadership, circular economy, digital transformation, sustainability, diversity and inclusion, technology, strategy, and camaraderie to create new ways of working in the supply chain revolution. We are an inclusive group where all are welcomed and represented.
Learn more at http://www.supplychainqueen.com
The host Sheri Hinish believes supply chains can save the planet, save lives, and transform traditional business models. Recognized as 2022, 2021, 2020 & 2019 Supply & Demand Chain Executive "Pro to Know," a 2021 Top 100 Women in Supply Chain Award winner, and recipient of the 2020 Global Women Supply Chain Leaders Award, Sheri Hinish is a leading advocate, strategist, and influencer in supply chain, sustainability & the SDGs, leading with purpose, and change management in digital transformations. She is a Principal and Global Lead for Innovation + Ecosystem at EY and formally the Global Lead for Sustainability, Alliances, and Strategy at IBM.
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